Blackstone Minerals secured 100% ownership of the Wabowden Nickel Sulphide Project in Canada's Thompson Nickel Belt, aiming to eliminate third-party feed for its Ta Khoa Refinery in Northern Vietnam.

The move enhances operational independence, allowing optimisation of development strategies, joint ventures, and funding options.

As of the end of 2023, Blackstone's financials revealed a cash position of $3.3 million, bolstered by $1.1 million raised through an at-the-market subscription facility and a $3 million institutional component of an accelerated entitlement offer completed in early December 2023.