Blackstone Minerals (ASX: BSX) managing director Scott Williamson joins Small Caps to discuss the strategy behind the company’s move to acquire a major Canadian nickel mining opportunity.

Under an option agreement with CaNickel Mining, Blackstone has agreed to make a cash payment of $1.3 million and to exercise an option to acquire 100% of the Wabowden project by making up to four staged payments.

Not only will the Wabowden nickel project in Manitoba provide a significant new mining venture, it will also provide Blackstone with a potential supplier of nickel to its refinery in Vietnam.

With a resource of 1.3 million tonnes of contained nickel, Wabowden, considered one of the most advanced nickel sulphide projects in North America, would substantially increase Blackstone’s global mineral resource as well as potentially providing the feed required for the Ta Khoa refinery, removing the company’s dependency on sourcing third-party feedstock.

Wabowden also ticks all the boxes when it comes to Blackstone’s “green” nickel ideals.

Article:
https://smallcaps.com.au/blackstone-minerals-continues-global-expansion-canadian-nickel-acquisition/

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