March 6, 2024
Blackstone Minerals Ltd. (ASX:BSX, OTCQX:BLSTF, Not Rated, Timothy Lee) received an A$4.25M R&D refund from the Australian Research and Development Tax Incentive Scheme for 2023. The company will have A$1.45M to add to its cash position given that an A$2.8M advance was received in Jul/23 and fully repaid to Asymmetric Innovation Finance. In addition to the refund, Blackstone recently received A$2M in cash from the sale of its interest in NiCo Resources Ltd. (ASX:NC1, Not Rated). In total, Blackstone will have A$3.45M to add to its cash position. The additional funding should allow it to continue to fund the advancement of its search for a JV partner, while finalizing studies and permitting activities, at its Ta Khoa project in Vietnam. Read more
Company Specific Disclosure Details
Blackstone Minerals Ltd. – ASX:BSX – 1,2
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