BlackEarth Minerals gains new substantial holder in Credit Suisse

BlackEarth Minerals NL (ASX:BEM) has gained a new substantial holder in Credit Suisse Holdings (Australia) on behalf of Credit Suisse Group AG (SWX:CSGN) and its affiliates. Since October 12, 2020, Credit Suisse acquired a total of 13,273,206 shares for a voting power of 8.82% in the company. Urbix MOU BlackEarth signed a collaborative MoU in February 2021 with leading downstream graphite processor Urbix to initially supply its high-grade graphite concentrate to Urbix’s downstream processing facility in the US, once the facility is completed. The company will also source other high-grade graphite concentrate to supply to Urbix. These parties also plan to develop an operational joint venture in the future – combining Urbix’s technical excellence with BlackEarth’s substantial market, commercial and graphite operational experience. Luxcarbon agreement BlackEarth has also signed an agreement with German-based Luxcarbon for the procurement, supply and marketing of concentrate and downstream products, into the fast-growing European graphite market. The deal further positions the company as a supplier of graphite concentrate and downstream graphite products to electric vehicles (EV) and alternative energy markets. The supply arrangement will continue while BlackEarth fast-tracks the development of its own high-grade, large-scale graphite properties from its flagship Maniry Graphite Project in southern Madagascar – which will then form a regular supply to its proposed downstream graphite operations.