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BLACKSTONE MINERALS LTD - $BLSTF STOCK NEWS

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Rhea-AI Summary
Blackstone Minerals Limited (ASX: BSX) has entered into an option agreement to acquire 100% of the Wabowden nickel sulphide project in Manitoba, Canada. This strategic acquisition provides Blackstone with significant value opportunity and operational leverage. The project includes a large scale resource base of 230Mt at 0.56% nickel for 1.3Mt of contained nickel, with potential for significant growth. The acquisition also allows Blackstone to benefit from Manitoba's Critical Minerals Strategy and the USA's Inflation Reduction Act. The company is undertaking an accelerated non-renounceable pro rata entitlement offer to raise up to approximately A$10.2 million to support the Wabowden option opportunity and complete the Definitive Feasibility Study for Blackstone's Ta Khoa Refinery.
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Rhea-AI Summary
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BLACKSTONE MINERALS LTD

OTC:BLSTF

BLSTF Rankings

BLSTF Stock Data

28.83M
361.01M
44.24%
16.91%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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