Black Rock Secures $40M POSCO Investment
Company Announcements

Black Rock Secures $40M POSCO Investment

Black Rock Mining Limited (AU:BKT) has released an update.

Black Rock Mining Ltd has inked a binding agreement with POSCO International Corporation for a $40 million investment aimed at developing the Mahenge Graphite Project’s Module 1 in Tanzania. This major financial move, which is still subject to regulatory approvals, will also grant POSCO long-term fines offtake from the project’s future Module 2, signifying a significant step towards de-risking the project’s funding strategy and providing a new source of natural graphite.

For further insights into AU:BKT stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App