openPR Logo
Press release

Blanco Minerals Closes Large Equity Investment Deal

02-08-2021 01:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Blanco Minerals Inc.

December 2, 2020 - Vancouver, BC - Blanco Minerals Inc. is pleased to announce the closing of a substantial equity investment by Contemporary Amperex Technology Co. Limited whereby CATL has subscribed for 11,300,000 common shares of Blanco Minerals Inc. at a price of USD $5.15 per Common Share for gross proceeds to Blanco Minerals of USD $58,195,000 a figure that represents approximately 6% of issued and outstanding shares of Blanco Minerals Inc.

CATL are the world's largest EV battery manufacturer and up until the present time the Chinese battery EV battery maker has been the sole purchaser of all refined lithium that has been produced from Blanco Minerals' Salar de Arena Rica project in the Atacama Region of Chile.

The terms surrounding the equity investment agreement from CATL into Blanco Minerals entitles CATL to the exclusive rights to purchase all of the refined lithium produced at the Chilean project from the present time and up until the end of the year 2032.

Blanco Minerals' joint venture partner at the Chilean project, Sociedad Quimica y Minera de Chile (SQM), will remain unaffected by the equity investment from CATL and all terms and agreements previously made between Blanco Minerals and SQM remain unchanged.

Of the eleven salars (salt lakes) that are contained in the Salar de Arena Rica project there are presently four salars in production. The current operation is producing at a rate of 12.4 tonnes of lithium carbonate per annum. The equity investment from CATL will enable the remaining seven salars to begin production by the fourth quarter of 2021. The entire Salar de Arena Rica project is expected to reach full production capacity by mid 2023 at a continuous rate of approximately 105 million tonnes per annum. At full capacity the Salar de Arena Rica project will be one of the world's largest lithium production sites.

Further news will follow in the course of the next sixty to ninety days as Blanco Minerals Inc. is now recommencing the path towards the company's IPO listing onto the stock market in New York. The much anticipated IPO was suddenly halted just before listing in April 2020 due to the sudden shock of the Covid 19 pandemic. The commitments recently made by world governments to accelerate the green revolution means the time is now ripe to move forward with the IPO. Blanco Minerals will announce the IPO plans in early 2021.

Thomas Holiday
2101 -2104, 200 Granville St. Vancouver,
BC V6C 1S4, Canada.
Tel: 1 888 272 1718
Fax: 1 888 272 1719

Blanco Minerals Inc. controls the Salar De Arena Rica Lithium Brine Project, located in the Atacama Region of Northern Chile, in a joint venture partnership with SQM, The company also maintains a large lithium brine project in Jujuy Province in northwest Argentina. Blanco Minerals Inc. is developing the largest lithium project in North America at Zacatecas State, Mexico.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Blanco Minerals Closes Large Equity Investment Deal here

News-ID: 2237689 • Views:

More Releases from Blanco Minerals Inc.

Blanco Minerals Valuation Rises as IPO Nears
Tuesday, April 19, 2022; Vancouver, BC: Blanco Minerals Inc. are pleased to release a positive update on the company's valuation following an audit that has now been completed. Blanco Minerals Inc. confirms that the latest audit commenced in February 2022 and was handled by PricewaterhouseCoopers. As a result of the audit, we are happy to announce to our private equity partners and individual shareholders that the common shares of Blanco Minerals
Blanco Minerals Announce Sale of pre-IPO Shares to Commence .
Vancouver, B.C.: September 19, 2019 - Blanco Minerals Inc. has announced today that they will allow their institutional investors and private equity partners to begin offering pre-IPO shares in Blanco Minerals Inc. to their own private and corporate clients. The pre-IPO shares are authorized to be sold at their current audited value of USD $2.65 per share. On August 27, 2019, Blanco Minerals Inc. released news stating that they are moving

More Releases for Minera

Customer Interview with Paulo Mery: Favendo’s Tracking Technology at Minera An …
In 2020, Favendo established an asset tracking solution at Minera Antucoya in Chile with its partner iGO SpA, which optimizes processes with its technical solutions, in order to digitize and optimize data in the “last mile” of the production process. After almost a year of using Favendo’s hardware & software at the Open Pit Mine in Chile and integrating it with iGO’s platform “igat” to measure productivity & utilization and track
Molybdenum Market to show Tremendous Growth by 2025 | Molybdenum Co., Ltd., BHP …
"The Global Molybdenum Market accounted for USD 350,000 million by end of 2025 and is projected to grow at a CAGR of 3.3% during the forecast period of 2018 to 2025." This Molybdenum Market research report contains specific segments by type and by application. Each type provides information about the production during the forecast period of 2020 to 2026. Analysis of upstream raw materials and equipment and downstream demand is also
Molybdenum Market :- key competitors are Compañía Minera Antamina S.A., Thomps …
The Global Molybdenum report delivered to you is the most relevant, exclusive, reasonable and admirable market research report depending upon your business needs. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. This market report gives an edge to compete and to outdo the competition. Global Molybdenum market report also evaluates the growth rate and the market
Saltpeter Minera Iodine Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Saltpeter Minera Iodine Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables:   Iodine is solid and heavy like metal
Natural Zeolites Market 2019 Analysis By Key Players; Andalusia, Bear River Zeol …
Natural Zeolites Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The company profiles of all the key players and brands that are dominating the Natural Zeolites Market with moves like product launches, joint ventures, merges and accusations which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned
Global Exterior Mosaic Market 2017 : PIXEL, Minera Deisi, Appiani, Crossville, M …
Global Exterior Mosaic Market Research Report 2017-2022 A market research based on the "Exterior Mosaic Market" across the globe, recently added to the archive of Market Research Explore, is titled ‘Global Exterior Mosaic Market 2017’. The research report analyzes the ancient as well as present performance of the global Exterior Mosaic market, and makes predictions on the future status of Exterior Mosaic market on the basis of this analysis. Get Free Sample