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Blackstone Minerals Launches Share Purchase Plan to Boost Exploration Efforts

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Blackstone Minerals Launches Share Purchase Plan to Boost Exploration Efforts

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An update from Blackstone Minerals Ltd ( (AU:BSX) ) is now available.

Blackstone Minerals Ltd has announced a Share Purchase Plan (SPP) following a successful placement of shares to sophisticated and institutional investors, raising approximately $22.6 million. The SPP allows eligible shareholders in Australia and New Zealand to purchase additional shares at a discounted price, aiming to raise up to $2 million for further exploration and development activities at the Mankayan Copper-Gold Project. This initiative is expected to enhance the company’s operational capabilities and strengthen its market position in the resource sector.

More about Blackstone Minerals Ltd

Blackstone Minerals Ltd is a company involved in the mining industry, focusing on the exploration and development of mineral resources. Its primary activities include drilling programs and geological surveys, particularly at the Mankayan Copper-Gold Project.

Average Trading Volume: 1,645,924

Technical Sentiment Signal: Buy

Current Market Cap: A$96.47M

For detailed information about BSX stock, go to TipRanks’ Stock Analysis page.

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