Ad hoc announcement pursuant to Art. 53 LR
BAAR, Switzerland (Viz Release) August 4, 2021 – – Blackstone Resources AG (SWX: BLS) is pleased to announce that its German subsidiary, Blackstone Technology GmbH, has signed a cooperation agreement with IBU-tec advanced materials AG (ETR: IBU) as an additional chemical processing for the supply chain for the cathode material LFP (lithium iron phosphate).
Lithium iron phosphate is one of the most important starting materials to produce cobalt- and nickel-free Li-ion batteries. IBU-tec advanced materials AG, based in Weimar/Germany, has the chemical know-how and the production equipment to manufacture lithium iron phosphate cathode materials (LFP). IBU-tec will obtain the raw materials and chemicals from Blackstone Resources and other suppliers to initially supply Blackstone Technology with a three-digit ton annual volume of processed LFP material for the 3D printing process. This equates to an annual production capacity of approximately 2 GWh. Blackstone Technology has thus secured the battery metals and their processing that it will need in the next stages of expansion.
It also intends to take up development topics in the field of recycling of LFP battery cells. The sustainability of battery-cell manufacturing is a central subject for Blackstone. Already now, 70% less energy is needed in the production of electrodes compared to our competitors. The battery cell-production uses a water-soluble process and can therefore do without toxic solvents NMP as well as plastics PVDF used in almost every battery-cell production today.
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 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
T: +41 41 449 61 63
F: +41 41 449 61 69
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/