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Blackstone receives subsidy and operating permit for 3D battery production

Ad hoc announcement pursuant to Art. 53 LR

BAAR, Switzerland (Viz Release) July 22, 2021 – – Blackstone Resources AG (SWX: BLS) is pleased to announce that its German subsidiary, Blackstone Technology GmbH, has received the official operating-permit from the authorities of the city of Döbeln to start production of 3D printed Li-ion battery-cells. In addition, the Sächsische Aufbaubank, SAB, today approved subsidy-funding for the investments.

Blackstone Technology GmbH is building manufacturing facilities for the production of 3D printed battery-cells in Döbeln, Saxony, Germany. Production will start in September 2021 after the installation of the machineries and equipments is completed. An application for this was submitted to the building authorities in May. Thanks to comprehensive preparation and good cooperation with the relevant authorities, approval was granted in a very short time. The operating permit was handed over by the Lord Mayor of the city of Döbeln during an official meeting with the CEO and CFO of Blackstone Resources AG, Baar, and the CEO of Blackstone Technology GmbH, Döbeln.

Blackstone has applied for GRW funding from the Sächsische Aufbaubank for the construction of the serial-plants in Döbeln. The joint task “Improvement of the regional economic structure” (GRW) has as its central funding priority the support of investments in the commercial economy. The Sächsische Aufbaubank today handed over the decision for a 20% subsidy for the investment expenditure to Blackstone. This measure is financed with tax funds on the basis of the budget passed by the Saxon State Parliament.

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 builds 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 (C) which allows a 20% higher 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 vast quantities of these metals. Therefore, Blackstone Resources sets up, develops and manages production-refineries for battery-metals such as lithium, cobalt, manganese, graphite, nickel and copper.

For more information please visit www.blackstoneresources.ch or contact:

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

Media Enquires
media@blackstoneresources.ch

The disclaimer is an integral part of this press release. Please make sure you consult the disclaimer for a full understanding of the content within: http://www.blackstoneresources.ch/investors/disclaimer/

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