BAAR, Switzerland – (09 February 2022) – Blackstone Resources AG (SWX; symbol BLS, ISIN CH0460027110) is pleased to announce that AlphaValue has re-affirmed and upgraded its Buy rating on Blackstone Resources, which the company received in January 2022. This update by AlphaValue’s in-house research team was based on Blackstone’s latest developments.
Alphavalue raised its buy target to CHF 12.70 per share on BLS in its January research. Based on the current share price, this offers investors an upside potential of over 388%. AlphaValue’s research report also noted that Blackstone Resources has several business drivers.
- Growing recognition of the need to protect the climate is leading to healthy growth and demand for the introduction of more electric vehicles and increased energy storage.
- Counter-cyclical businesses in precious metals, which show strong demand in a potential macro economic downturn and have safe-haven characteristics.
- Strong demand for infrastructure construction and renewal should drive greater demand for battery metals and other metals.
- Developed and newly developed markets should become long-term consumer markets.
AlphaValue also noted that Blackstone has a growing list of achievements, notably that Blackstone Technology in Döbeln is the first European company to produce lithium ion cells in Europe. In addition, Blackstone is able to produce the batteries more cheaply with the 3D printing process for process-related reasons and also because Blackstone Resources has its own resources for important battery metals.
AlphaValue is an independent equity research house covering over 470 European stocks across 32 experienced analysts. The report can be easily downloaded from the Blackstone Resources website and is available here. It can also be accessed on AlphaValue’s website or on Bloomberg’s research portal.
About us Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug, and is concentrating on the battery technology and battery-metals market and offers direct exposure to the battery-technology revolution.
Presently, Blackstone Technology GmbH has build up a production-line for small series of 3D printed batteries in Döbeln, Saxony, Germany. The short-term production will be pouch-cells with the Blackstone Thick Layer Technology TM which allows a 20% higher energy density in lithium-ion cells, Blackstone Resources continues the program of development in solid state batteries and its production process.
Electric vehicles and batteries have driven the demand for large quantities of various metals. Therefore, Blackstone Resources explores, develops and trades battery-metals such as lithium, cobalt, manganese, graphite, nickel and copper.
For more information please visit www.blackstoneresources.ch or contact;
Press contact:
Serhat Yilmaz
Chief Marketing Officer
press@blackstonresources.ch
Blackstone Resources AG
Blegistrasse 5, CH-6340 Baar, Switzerland
T:+41 41 449 61 63
F:+41 41 449 61 69
info@blackstoneresources.ch
Investor Relations
ir@blackstoneresources.ch
Registered Share: ISIN CH0460027110
The disclaimer is an integral part of this press release. Please read the disclaimer to fully understand its contents: http://www.blackstoneresources.ch/investors/disclaimer/
