Blackstone Resources: receives CHF 50 million through partial sale of precious metals stake

Press Release: Blackstone Resources AG

Blackstone Resources: receives CHF 50 million through partial sale of precious metals stake

Ad hoc announcement pursuant to Art. 53 LR

BAAR, Switzerland 20.12.2021. Blackstone Resources AG(SWX; symbol BLS, ISIN CH0460027110) is pleased to announce that we were able to execute CHF 50 million through a partial sale of a subsidiary in the precious metals business segment. "For this sale of a minority stake, we were able to achieve a good sales price and can invest these funds in our further projects. We will further consolidate the market presence and production of Blackstone Technology. We will also continue to develop and expand our battery metal and lithium projects ", explains CEO Ulrich Ernst.

Significant steps in Blackstone Technology's planning

The company intends to further expand the already considerable know-how for the mass production of nature-compatible high-tech batteries of Blackstone Resources AG and its subsidiaries.

The production facility is also to be expanded extensively: Still in 2022, Blackstone will expand the production capacity of the Döbeln Gigafactory and increase it by a factor of 10. This will take us to a dimension of 500 megawatt-hours. Blackstone has recently set a milestone with the commissioning of our series production in Döbeln - both in the company's history and industry-wide We are already producing particularly powerful and environmentally friendly battery cells there in sustainable series production using the patented Blackstone Thick Layer Technology © - i.e. in revolutionary 3D printing."

Blackstone Resources - precious metals

About us Blackstone Resources AG

Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug, and is concentrating on the battery technology and battery-metals market and offers direct exposure to the battery-technology revolution.

Presently, Blackstone Technology GmbH builds up a production-line for small series of 3D printed batteries in Döbeln, Saxony, Germany. The short-term production will be pouch-cells with the Blackstone Thick Layer Technology © which allows a 20% higher density in lithium-ion cells, Blackstone Resources continues the program of development in solid state batteries and its production process.

Electric vehicles and batteries have driven the demand for large quantities of various metals. Therefore, Blackstone Resources explores, develops and trades battery-metals such as lithium, cobalt, manganese, graphite, nickel and copper.

For more information please visit www.blackstoneresources.ch or contact;

Press contact:
Serhat Yilmaz
Chief Marketing Officer
[email protected]

Blackstone Resources AG
Blegistrasse 5, CH-6340 Baar, Switzerland
T:+41 41 449 61 63
F:+41 41 449 61 69
[email protected]

Investor Relations

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Registered Share: ISIN CH0460027110

The disclaimer is an integral part of this press release. Please read the disclaimer to fully understand its contents: http://www.blackstoneresources.ch/investors/disclaimer/

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