Blackstone Resources AG 2020 financials: profit of CHF 0.42/share

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

Highlights from 2020 

• Blackstone Technology has achieved major milestones and has produced a small series of fully functional 3D screen printed batteries with approx. 20% higher density.
• Significant advances for Blackstone’s 3D-printed technology for solid-state batteries have just been announced that resulted in a fully functional battery cell as proof of concept for solid state batteries.
• The R&D programme for our battery technology and an investment project for our 5 GWh battery factory valued of up to € 200 million continues.
• Subsidies from European Union and Innosuisse were granted and received.
• Financing with equity and convertible commitments of up to CHF 60 million were granted.
• Blackstone sold its rare earth mining interests in Norway for a price of CHF 22.34 million with an option to repurchase.
• Chilean lithium concessions were consolidated on 3 different locations of more than 8000 hectares and further development programs have started.

Outlook for 2021 

• We are tooling our factory in Döbeln, Germany and we expect to start production and rolling out our next generation of batteries this year.
• Our lithium projects in Chile will soon receive resource reports and will enter the next phase of exploration.
• The gold milling plant in Peru will start production after the lockdown due to covid.
• The long-term fundamentals for the battery metal market remain strong since electric vehicle sales are expected to increase 28 times from the current level by 2040.