Blackstone Resources: receives an extension to the filing date for the 2021 audited annual report.

Blackstone Resources AG receives an extension to the filing date for the 2021 audited annual report.

Ad hoc announcement pursuant to Art. 53LR

BAAR, Switzerland 25/04/2022 Blackstone Resources AG (SWX; ticker BLS, ISIN CH0460027110) today obtained an extension from SIX Exchange Regulation AG to file its 2021 annual consolidated financial statements.

As previously reported, former auditors Moore Stephens Expert (Zurich) AG prematurely terminated their mandate for Blackstone Resources AG in a letter dated 18.3.22. The 2021 consolidated financial statements can only be published after receipt of an audit opinion. Blackstone Resources AG is therefore already in final discussions with various audit firms and hopes to announce a new mandate soon.

On March 23, 2022, Blackstone Resources AG applied to SIX Exchange Regulation AG for permission to file the 2021 Annual Report until July 31, 2022 as part of the deadline extension.

Accordingly, SIX Exchange Regulation AG has today granted the following temporary authorisation:

The exemption from maintenance obligations and thus the postponement of the publication of the annual report 2021 as well as the submission of this report to SIX Exchange Regulation NV until Sunday July 31, 2022 at the latest are approved subject to the following reservation (lit. a ) and conditions (lit. b):

a. SIX Exchange Regulation SA reserves the right to temporarily suspend trading in Blackstone securities if it fails to publish and deliver its 2021 annual report to SIX Exchange Regulation SA by 11:59 p.m. on Sunday July 31, 2022 in accordance with the provisions relating to event-driven advertising (Art. 53 Listing Rules in conjunction with the Directive on event-driven advertising.

b. Blackstone must issue a press release regarding this decision no later than Tuesday, April 26, 2022 at 7:30 a.m., in accordance with the provisions relating to event advertising (Art. 53 Listing Rules in conjunction with the Event Advertising Directive). This press release must:

  • contain the full text of Section I of this decision in a prominent location;

  • mention the reasons for postponing the publication and submission of the 2021 annual report;

  • show unaudited key figures such as net sales, EBITDA, EBIT, net income, total assets, shareholders’ equity, etc. in relation to the 2021 financial results.

In accordance with the requirements of SIX Exchange Regulation AG, we hereby disclose the unaudited consolidated key performance indicators of the Blackstone Resources AG group for the year 2021:

Net sales

CHF

49,166,980

EBITDA

CHF

42 905 293

EBIT

CHF

41,612,696

net profit

CHF

15,446,228

Total balance sheet

CHF

163 846 692

Equity

CHF

56,443,659

About us Blackstone Resources AG

Blackstone Resources is a Swiss holding company, domiciled in Baar, Canton of Zug, and focuses on the battery technology and battery metal market and provides direct exposure to the revolution in battery technology.

Currently, Blackstone Technology GmbH has built a production line for small series of 3D printed batteries in Döbeln, Saxony, Germany. Near-term production will be pocket cells with Blackstone Thick Layer Technology TM which enables 20% higher energy density in lithium-ion cells, Blackstone Resources is continuing the development program in solid state batteries and its manufacturing process.

Electric vehicles and batteries have driven the demand for large quantities of various metals. Therefore, Blackstone Resources explores, develops and markets battery metals such as lithium, cobalt, manganese, graphite, nickel and copper.

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

Press contacts

Serhat Yilmaz
Marketing Director
[email protected]
[email protected]

Blackstone Resources SA
Blegistrasse 5, CH-6340 Baar, Switzerland
T:+41 41 449 61 63
F:+41 41 449 61 69
[email protected]

Investor Relations

[email protected]
Registered share: ISIN CH0460027110

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The disclaimer is an integral part of this press release. Please read the disclaimer to fully understand its contents: http://www.blackstoneresources.ch/en/investors/disclaimer/

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