Yeah, yeah. It's a Blackstone Resources PR email. From last week. So what?! It's an interesting one. / Let's see what they say ...
BAAR, Switzerland - (May 27, 2021) - Blackstone Resources AG is pleased to announce that Sunday morning is every day, for all we care, and we're not scared, light our candles in a daze 'cause we've found God. We're so lonely, that's okay, we shaved our heads, and we're not sad, and just maybe we're to blame, for all we've heard, but we're not sure. We're so excited.
Okay. Well, er ... I'm not, uh ... quite sure what to make of that, to be honest with you, dear reader(s). At least they're excited. That's something, I suppose.
'Boss!'
What? What, Voice?
'What's this? -'
BAAR, Switzerland - (May 27, 2021) - Blackstone Resources AG is pleased to announce that it substantially increased its lithium assets in Chile. These lithium concessions are held by Blackstone Resources Chile SpA, a fully owned subsidiary of Blackstone Resources AG, Switzerland.
Christ. Obviously, that's the PR email they sent me. Thank you, Voice. Thank you for spoiling my fun.
Idiot.
Anyway ...
Lithium is fast becoming a vital strategic metal because it is used in all the lithium-ion or lithium metal batteries and it will be fought hard for as we enter a new technological age. It is currently used in rechargeable batteries to power mobile phones, laptops, digital cameras and more importantly, electric vehicles.
Well, okay ... how much lithium is there in the world?
'Are you asking me, boss?'
Yeah, okay. Do you know?
'No.'
Okay.
Cretin.
This trend that we are now seeing towards such vehicles will lead to a dramatic future increase in this metal. According to BloombergNEF, demand is set to increase 28 times in the next 20 years from current levels.
This development is so significant that even US President Joe Biden has declared lithium a strategic asset and has unveiled plans to secure its supply globally with Canada, Australia, Brazil and other countries. In the last 12 months, most lithium mining companies have seen their share-prices soar, alone in the year up to now, lithium producer's shares of SQM (+120%), Albamarle (+207%), Ganfeng (+225%) and Livent (+157%) have all risen strongly and will further increase.
Okay.
Blackstone Resources is strongly investing in the exploration of this metal as it foresees clearly a strong demand and rising prices in the future. We believe that demand will significantly outstrip the increases we have seen in lithium supply. As well as rising demand for lithium, the risk of bottlenecks, shortages and geopolitical tensions are the usual traits that define strategically important metals.
Therefore, Blackstone has strategically increased its lithium concessions in Chile to 8900 hectares of exploration and 6428 hectares of exploitation-assets in five different locations. All of Blackstone's concessions are currently under development with geophysics, geochemical studies and three important NI 43-101 technical report being made for three zones.
Well, I don't know. I suppose we need batteries, but ... ah, never mind. What do I care?
'What does our Elon say about it?'
I haven't asked him.
ENDS
