Not technically true. Blackshading crushes the blacks. The longer your exposure the brighter your black shade. The higher the noise removed gets, the more your bottom stops are crushed. If you used a 1/48th blackshade on a 1/24th exposure I would expect more dynamic range than a 1/24th exposure with a 1/24th blackshade.
Black shading does not crush blacks. It brings blacks in line with what the color science is expecting for black level. You do not gain dynamic range by using a 1/48th black shade with a 1/24th exposure. In this case, you are less accurately representing the black level of the image to the color pipeline.

