Blackstone Minerals Ltd - Blackstone Commences Trading  on US-Based OTCQB Market
Blackstone Minerals Ltd (ASX:BSX)

Blackstone Commences Trading on US-Based OTCQB Market

Published Dec 03, 2020

What happened?


What's happened?

Blackstone announced today that its application to join the US-based OTCQB Market has been accepted and the company’s shares are now traded under the code of OTCQB:BLSTF.

Trading on OTCQB will enhance the visibility and accessibility of the Company to North American individual and institutional investors which is an exciting new investment pool many times larger than the Australian market.

Significant interest shown by North American investors

In the announcement, the Company indicated that this is an important step following the significant interest shown by North American investors after Blackstone’s recent Scoping Study, announcing annual production of ~12.7ktpa Ni over 8.5 years project life generating a pre‐tax NPV8% of ~US$665m and 45% IRR with a capital payback period of 2.5 years at US$8/lb Ni (Refer to ASX announcement from 14 October 2020).

Key advantages

Three key advantages for North American investors are:

  1. Trades and settlements are in US Dollars (USD);
  2. Trading in the North American time zone; and
  3. The OTCQB share is the same class of Ordinary Share to ASX traded stock (ASX: BSX), not a synthetic. The share registry is still maintained by Automic Group in conjunction with a US Transfer Agent.

Blackstone’s primary listing will continue to be the ASX with shares now tradeable on the OTCQB market (www.otcmarkets.com).

Need more information?

You can book in time with one of our analysts to discuss Blackstone's recent developments any week day by clicking through to the main website.

Managing Director's summary

Scott Williamson Managing Director of Blackstone Minerals Ltd has provided a statement.
Scott Williamson
Scott Williamson
Managing Director, Blackstone Minerals Ltd

We’re pleased to now be trading on the OTCQB; after many years of marketing in North America we believe now is a great time to increase our exposure to one of the largest pools of capital in the world. Given the recent focus on the rise of Tesla and the electric vehicle revolution we see North America becoming an important investor market for Blackstone’s future green nickel battery opportunities at the Ta Khoa Nickel-Cu-PGE Project.

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