Blackstone Resources AG 2020 Financials: Profit of CHF 0.42/share

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BAAR, Switzerland — Blackstone Resources AG (SWX: BLS) is delighted to reveal a revenue of CHF 0.42/share for its 2020 Yearly Report.

  • A net earnings of CHF 17,220,160 was tape-recorded for the year ended 2020.
  • This produced a revenue of CHF 0.42 per share.
  • Blackstone is trading at a price-earnings ratio of 9 times at the existing share cost.
  • Equity increased from CHF 25,854,350 to CHF 38,995,831 for the year ended 2020.

Emphasizes from 2020

  • Blackstone Innovation has actually accomplished significant turning points and has actually produced a little series of completely practical 3D screen printed batteries with approx. 20% greater density.
  • Substantial advances for Blackstone’s 3D-printed innovation for solid-state batteries have actually simply been revealed that led to a totally practical battery cell as evidence of idea for strong state batteries.
  • The R&D program for our battery innovation and a financial investment task for our 5 GWh battery factory valued of approximately € 200 million continues.
  • Aids from European Union and Innosuisse were given and gotten.
  • Funding with equity and convertible dedications of approximately CHF 60 million were given.
  • Blackstone offered its uncommon earth mining interests in Norway for a cost of CHF 22.34 million with a choice to repurchase.
  • Chilean lithium concessions were combined on 3 various places of more than 8000 hectares and more advancement programs have actually begun.

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Outlook for 2021

  • We are tooling our factory in Döbeln, Germany and we anticipate to begin production and presenting our next generation of batteries this year.
  • Our lithium jobs in Chile will quickly get resource reports and will go into the next stage of expedition.
  • The gold milling plant in Peru will begin production after the lockdown due to covid.
  • The long-term basics for the battery metal market stay strong given that electrical automobile sales are anticipated to boost 28 times from the existing level by 2040.

Blackstone Resources AG

Blackstone Resources AG is a Swiss Holding Business, with its legal residence in Baar, Kanton Zug, and is focusing on the battery innovation and battery metals market. In addition, it establishes, establishes and handles refineries utilized for gold and battery metals. It provides direct exposure to the battery innovation and battery metals transformation that is being driven by the need of electrical lorries that require large amounts of these metals. These consist of cobalt, manganese, graphite, nickel, copper and lithium. In addition, Blackstone Resources has actually begun a research study program on brand-new battery innovations on strong state batteries and its production procedure.

To learn more please check out www.blackstoneresources.ch

The disclaimer is an important part of this news release.

Please guarantee you seek advice from the disclaimer for a complete understanding of the material within: http://www.blackstoneresources.ch/investors/disclaimer/

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Contacts

Blackstone Resources AG
Mrs. Doris Suta
T: +41 41 449 61 63
F: +41 41 449 61 69
info@blackstoneresources.ch

Financier Relations
ir@blackstoneresources.ch

Media Queries
media@blackstoneresources.ch

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Jobber Wiki author Frank Long contributed to this report.