Company Interview / The small cap raising big bucks to fund nickel projects

Key points:

Blackstone Minerals raises funds via a share issue for expansionFocus on Vietnam's low-cost nickel sulphide project and Manitoba ventureStrategic alignment with the EV market amid potential US policy changes

Scott Williamson of Blackstone Minerals discusses the company's strategy for growth. He shares that they are launching a non-renounceable entitlement issue to raise nearly $4 million by offering shares at $0.03 each, aiming to finalise a joint venture for their Manitoba and Vietnam nickel projects.

Scott details ambitions to restart the Boden project and stresses the importance of their low-cost operations in Vietnam. He notes the attractive features of the Manitoba region, including 100% hydro power. The company targets partnerships with major South Korean and Japanese players to support their nickel refining strategy.

Regarding the EV market, Scott comments on the potential impact of the US election on battery metal demand. With the Inflation Reduction Act in focus, he highlights how this move into Canada aligns them with future trends. For shareholders, he acknowledges past challenges and emphasises prospects for a turnaround.