BAAR, Switzerland–(BUSINESS WIRE)–Blackstone Resources AG (SWX: BLS; STU: 4BR, FRA: 4BR, BEB: 4BR)
(“Blackstone”) is pleased to announce that it has submitted a detailed
application with a business plan and work programme with the German
Federal Ministry for Economic Affairs and Energy (BMWi) for access to
its battery production subsidy programme.
The move follows positive correspondence from the German ministry BMWi,
inviting Blackstone along with a number of prominent battery makers, to
submit an application for financing.
The application submitted by Blackstone was made through its 100% owned
subsidiary Blackstone Research, which is based in Erfurt, Germany. It
was made in close co-operation with its future partners from Belgium,
The United Kingdom, Austria, Poland and two from Germany.
The BMWi is now reviewing Blackstone’s application and based on its
merits, will inform us on the outcome in due course. We are confident
that the application Blackstone has made is strong and will result in
future subsidies being made available.
In addition, Blackstone is preparing additional applications with
individual states within Germany: Thuringia, Saxony and Brandenburg. The
aim here is to roll out our battery manufacturing facilities.
This represents a significant step forward for Blackstone’s ambitions in
the battery technology market and places the company a step closer
towards its goal of becoming a vertically integrated supplier to the
electric vehicle and energy storage market.
Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile
in Baar, Kanton Zug and is concentrating on the battery metals market as
primary metals. In addition, it sets up, develops and manages refineries
used for gold and battery metals. It offers direct exposure to the
battery metal revolution that is being driven by the demand of electric
vehicles that need vast quantities of these metals. These include
cobalt, manganese, molybdenum, graphite and lithium. In addition,
Blackstone Resources has started a research programme on new battery
technologies.
For more information please visit www.blackstoneresources.ch
The disclaimer is an integral part of this press release.
Please ensure you consult the disclaimer for a full understanding of the
content within: http://www.blackstoneresources.ch/about-us/disclaimer-press-release/
Contacts
Blackstone Resources AG
T: +41 41 449 61 63
F: +41 41 449 61 69
[email protected]
Investor
Relations
[email protected]
Media
Enquires
Manuela Pereira
[email protected]
