Newly appointed managing director Scott Williamson says the midcap has a great opportunity to attain further from its Gum Creek gold project, located 640km North East of Perth.
Global Lithium Resources has attracted funding from one of the world's largest EV battery producers via a $13.6 million capital raise while Blackstone Minerals is on track to raise $60 million.
Blackstone Minerals is planning to demerge its three WA gold projects into a new ASX-listed business, which will seek to raise at least $5 million before June 30.
Blackstone Minerals is raising $6.8 million from a share placement to an overseas nickel manufacturer, as part of an agreement to co-develop a nickel processing facility in northern Vietnam.