Australia's Blackstone Minerals rises on agreement with South Korean firm

Ecopro BM

02/12/2019 24:17

** Shares of Blackstone Minerals  BSX.AX  rise as much as
20.8% to A$0.145, marking their biggest intraday percentage gain
since Sept. 2
    ** Cobalt-nickel-gold explorer signs a non-binding joint
venture agreement with EcoPro BM co ltd  247540.KQ , South
Korea's largest electric vehicle battery cathode producer
 urn:newsml:reuters.com:*:nL4N28B0PZ
    ** Under agreement, co and EcoPro BM to develop a downstream
processing facility with Blackstone's Ta Khoa Nickel Project in
Vietnam
    ** Joint venture to develop nickel, cobalt and other battery
minerals for battery manufacturing
    ** Stock hits highest in over a month
    ** Stock has risen 4.4% this year, as of last close

 (Reporting by Arpit Nayak)
 ((Arpit.Nayak@thomsonreuters.com;))