Blanco Minerals Surpasses $1 Billion Valuation

 

Tuesday, August 31, 2021 - Vancouver, B.C.: As the upcoming IPO listing of Blanco Minerals Inc. draws nearer the company today announces another increase in valuation as the result of the latest audit that has now been completed. Blanco Minerals can now confirm that the latest audit has placed a value of over USD $1.1 billion on the company.

The audit conducted by PricewaterhouseCoopers LLP commenced after the announcement was made on July 27, 2021 that Tesla Inc. has committed a further USD $27.5 million investment into the lithium project operated by Blanco Minerals in Zacatecas State, Mexico. The increase in valuation to USD $1.1 billion equates to a 28% rise since the previous valuation was conducted in early May 2021. With Blanco Minerals having 127 million issued and outstanding shares the new company valuation places the company's audited share value at USD $8.75 per share compared to the USD $6.84 per share value from the audit performed in May 2021.

In addition to the latest USD $27.5 million investment from Tesla Inc., a sharp increase in production and revenue from all three of the company's projects contributed substantially to the sharp increase in valuation. The full details of the audit results including a breakdown of revenue figures from the three projects will be included in the company's IPO prospectus that will be released in the near future.

The lead underwriters of the IPO, Barclays Capital and Credit Suisse USA, are presently making final preparations for the listing on the New York Stock Exchange. The market conditions for lithium related investments are extremely favorable at the present time. Year to date lithium mining share prices have been on a sharp upward trend across all equity markets.

The United Nations, world governments and NGO's are unanimously focusing on tackling climate change along with sharply reducing and eventually neutralizing carbon emissions. The global objectives for reaching the environmental targets cannot be achieved without a constant and steady supply of lithium to fuel the Green Technological Future that is being planned.

At this time there is pressure on global lithium supplies especially as electric vehicle production ramps up. Lithium shortages are expected to be upon us by as early as 2022. The timing of the Blanco Minerals IPO will be ideal for shareholders to be rewarded for their dedication to the company. Further announcements regarding the IPO are pending.

 

About the Company:

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 and large equity investment from CATL, The company also operates a large lithium brine project in Jujuy Province in northwest Argentina majority funded by LG Chem. Blanco Minerals Inc. owns the largest lithium project in North America at Zacatecas State, Mexico with substantial funding from Tesla Inc.

For further information contact: investors@blancominerals.com

Blanco Minerals Inc. latest press release

BriefingWire.com, 2/29/2020 - The purpose of the latest capital investment is for further development in Blanco Minerals’ large lithium mining site located in Jujuy Province, Argentina. The timing of this announcement will have a significant positive impact.

https://www.briefingwire.com/pr/blanco-minerals-receives-further-cash-boost

IPO Date Approved for Blanco Minerals Inc. - Press Release

 On November 4, 2019 Blanco Minerals Inc. announced its intentions to list the IPO by the end of January 2020. The company's board agreed in a meeting on December 18, 2019 to extend the time due to the USD $39 million cash investment from Tesla Inc. that was announced on December 20, 2019. The investment from Tesla Inc. has further increased the overall valuation of Blanco Minerals Inc. and therefore the company will undergo a new official valuation performed by PricewaterhouseCoopers of which the results are expected by early February 2020.


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https://www.briefingwire.com/pr/ipo-date-approved-for-blanco-minerals-inc

Further Rise In Company Valuation for Blanco Minerals

February 13, 2020 - Vancouver, B.C.: Blanco Minerals Inc. today announces that the completion of a new audit on the company has resulted in a further increase in the company's value. 

The latest company audited valuation managed by PricewaterhouseCoopers LLP commenced in January 2020 following the commitment of a USD $39 investment into Blanco Minerals by Tesla Inc. in December 2019. The completion of the company valuation has given a result that shows the common shares of Blanco Minerals Inc. has risen in audited value from USD $3.92 per share up to USD $5.15 per share. 

The new valuation does not only take into account the USD $39 million investment from Tesla Inc. that was announced in December 2019. Blanco Minerals Inc. can now confirm that the company's project in Jujuy Province, Argentina has commenced production that began at the beginning of January 2020. The Argentina project was boosted by a USD $68.5 million investment from South Korean lithium-ion battery manufacturers LG Chem that was received in September 2019.

The newly completed valuation is the second in 3 months that resulted in significant increases in company value. On November 20, 2019, Blanco Minerals Inc. announced that a re-evaluation that had then been completed saw the common shares audited value rise from USD $2.65 up to USD $3.92 per share. The latest increase in value to USD $5.15 per share confirms a faster than previously forecasted growth rate.

Blanco Minerals Inc. CEO, Peter Ross commented today, "The result of the latest company valuation is more great news for our shareholders. All of those that invest in the company realize that we are in a prime position to be in the forefront to take advantage of the massively important future of the lithium industry. As we get nearer to our IPO listing next month, we are more certain than ever before that all our shareholders will be well rewarded for their belief in us."

Peter Ross continued by saying, "We sincerely thank our global partners and investors for their loyal support to the organization. Extra special thanks go to Tesla Inc. and LG Chem for their highly valued financial support that have lead to our projects being much further ahead in development than was expected. The Argentina project has advanced into production much faster than we ever imagined because of the huge financial package from LG Chem. Tesla's cash infusion will bring operations in Mexico into production by June, that would never be achievable without their support.”

Further announcements are forthcoming as the IPO listing of Blanco Minerals approaches in March 2020.

About the Company:

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. Furthermore, Blanco Minerals Inc. is developing the largest lithium project in North America at Zacatecas State, Mexico.

For further information contact: investors@blancominerals.com

https://www.blancominerals.com 

IPO Date Approved for Blanco Minerals Inc.

January 3, 2020 - Vancouver, B.C.; Blanco Minerals Inc. today confirms that the company has been granted regulatory approval for the company's shares to list as an IPO on the New York Stock Exchange on Thursday, March 5, 2020.On November 4, 2019 Blanco Minerals Inc. announced its intentions to list the IPO by the end of January 2020. The company's board agreed in a meeting on December 18, 2019 to extend the time due to the USD $39 million cash investment from Tesla Inc. that was announced on December 20, 2019. The investment from Tesla Inc. has further increased the overall valuation of Blanco Minerals Inc. and therefore the company will undergo a new official valuation performed by PricewaterhouseCoopers of which the results are expected by early February 2020.

It is expected that by the latest date of Thursday, February 20, 2020 the full prospectus for the IPO will be distributed to all of the company's shareholders and made available to the public by the IPO underwriters, Barclays Capital Inc. and Credit Suisse USA. In conjunction with the prospectus release the underwriters will present the IPO to institutional investors in the global financial industry by commencing the IPO roadshow in the week commencing Monday, February 24, 2020.

The underwriting managers are reporting to Blanco Minerals’ executives that the final pricing of the IPO, that will be announced 3-5 days before the listing, will be at least USD $6.00 per share as the bottom end of the range. Due to the extremely strong demand in all areas of lithium related equities markets, it is agreed among the analysts working on the IPO that Blanco Minerals' share price will maintain strong price levels in the 6 months following the listing. Beyond the first 6 months, the projected strong growth of Blanco Minerals Inc. for the next 5 years should allow the share price to rise consistently in the long term.

Peter Ross, CEO at Blanco Minerals has stated, "The date of the IPO was adjusted to early March in order to allow the $39 million investment from Tesla to be accounted into the company's valuation. The result of the valuation will solidify the share price predictions that are being reported. Our investor relations team has been ordered to relay all of the news relating to the IPO to our institutional investors and private shareholders. These are exciting times for us and the upcoming IPO is certain to be very rewarding for all those involved."

About the Company:

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. Furthermore, Blanco Minerals Inc. is developing the largest lithium project in North America at Zacatecas State, Mexico.

For further information contact: investors@blancominerals.com

Extended Agreement with Tesla Leads to $39m Cash Boost

   

December 20, 2019, Vancouver, B.C. - The year 2019 has been very successful for Blanco Minerals Inc. and has ended on a high note today as the company is very pleased to announce our relationship with Tesla Inc. is now greatly expanded to include a large USD $39 million cash investment into Blanco Minerals' Zacatecas State Lithium Project in Mexico. The substantial cash investment will greatly accelerate the development and progress into production of the Mexico project. The insertion of the cash investment from Tesla Inc. now puts the Zacatecas State Lithium Project on track to begin production and refining of lithium mineral by no later than the 2nd quarter of 2020. The Zacatecas State Lithium Project consists of 12 concessions that are 95% owned by Blanco Minerals Inc.  By 2022 the project will run at full production capacity of 42,000 tonnes per annum of refined battery grade lithium mineral, at which time the project will become the largest lithium mining operation in North America.

In December 2018, Blanco Minerals Inc. signed a supply agreement with Tesla Inc. in relation to the Mexico project. Under the conditions of the now expanded agreement, it can now be confirmed that Tesla Inc. will purchase 100% of the refined lithium mineral from the Zacatecas State project. The agreement will ensure a net profit of 25 - 35% from the refined mineral sales for Blanco Minerals  Inc. based on feasibility studies and audits conducted by PricewaterhouseCoopers. The predicted profit summations are largely based on the projected increased demand and price for lithium mineral in the coming 5-10 years period. It is widespread common knowledge that lithium demand and prices will continue to remain strong for many years to come.

The cash injection of USD $39m from Tesla Inc. is a continuation of Tesla's program to secure lithium supply for their massive Gigafactories that manufacturer lithium-ion batteries. The latest large cash investment into Blanco Minerals Inc. follows a large investment of USD 68.5 million into Blanco Minerals' project in Argentina from LG Chem in September of this year. Blanco Minerals Inc.'s projected production targets for each of its projects are on course to be met largely due to the financial and logistical support from our corporate partners at SQM, LG Chem and Tesla.

Blanco Minerals Inc. will release updates regarding the company's upcoming IPO listing in the early New Year. The IPO on the New York Stock Exchange will certainly make 2020 at least as or even more memorable than 2019 for the company.

About the Company:

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. Furthermore, Blanco Minerals Inc. is developing the largest lithium project in North America at Zacatecas State, Mexico.

For further information contact: investors@blancominerals.com

IPO Details Released By Blanco Minerals Inc.

November 4, 2019: Vancouver, B.C.: Blanco Minerals Inc. are pleased to announce that the final preparations are in place in order for the company to proceed with its IPO listing on the New York Stock Exchange.

This announcement is made to confirm that on Friday, November 1, 2019, the IPO underwriters, Barclays Securities and Credit Suisse USA, have submitted all of the final IPO documentations with the SEC market regulators in order to receive confirmation to list on the main board of the New York Stock Exchange. The date of Wednesday, January 22, 2020 has been applied for as a listing date. The company and its IPO underwriters seek final approval for the listing date from the regulators and foresee the date will be given such approval by no later than mid December 2019.

The full prospectus for the IPO listing will be made available to the general public immediately after the regulators give final approval to the filed documentation and the application of the listing date. Since it is expected that such approvals will be granted by no later than mid December 2019, the public release of the IPO prospectus should occur by the end of December 2019.

It has been stated by the IPO underwriting managers that are leading the filing process that the pricing of the IPO, which will occur 3-5 business days before the listing, will be at minimally USD $6.00 per share. Due to an extremely strong marketplace in all aspects of lithium industry investment, it is widely agreed that, after the listing, the Blanco Minerals' share price will continually grow at a steady pace over the short and long term.

Peter Ross, Blanco Minerals' CEO said today, " The whole team including the board members, directors, our private equity partners and our pre-IPO investors are delighted that the underwriters have filed the IPO documentation in a timely and efficient manner. It was decided to set the actual listing date in the second half of January in order for the regulators to have plenty of time to approve the date in the case of any requirements for further documentation needing to be filed."

Mr. Ross also said, "Since it is still quite early days in the global lithium boom, our timing for going public could not be better. In Barclays Securities and Credit Suisse we have the greatest promoters and underwriters backing us. The lithium battery industry will continue to grow at a massive rate for the next several years. The electric car industry is still in its infancy. We thank all of the investors who have put their faith in our organization. We are all about to be rewarded tremendously for that belief in the future of Blanco Minerals."

About the Company:

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.

For further information contact: investors@blancominerals.com