Korea's biggest EV battery cathode producer signs MOU with Blackstone Minerals
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(Kitco News) - Blackstone Minerals (ASX:BSX) said today it entered a memorandum of understanding with Korea’s largest electric vehicle battery cathode manufacturer, Ecopro BM Co Limited.
The MOU commits the two companies to develop a downstream processing facility in association with Blackstone’s Ta Khoa Nickel Project in northern Vietnam.
"Blackstone aims to deliver a maiden resource on the disseminated sulfide (DSS) at Ban Phuc over the coming months and investigate the potential to restart the existing Ban Phuc concentrator through focused exploration on both massive sulfide veins (MSV) and DSS deposits," wrote the company in a news release. "Blackstone has commenced a scoping study on the downstream processing facility at Ta Khoa. The scoping study will provide detail for potential joint venture partners to formalize a binding agreement."
Blackstone was up 4.17% to 12 cents.