Blencowe Resources Publishes Prospectus for New Share Issue

Blencowe Resources Plc (GB:BRES) has released an update.

Blencowe Resources Plc has published a prospectus for issuing 37,711,260 new shares, raising approximately £659,000 from its July and November subscriptions. The company plans to list these shares on the London Stock Exchange by December 2, 2024, as it moves forward with its Orom-Cross graphite project in Uganda. This initiative is part of Blencowe’s strategy to advance its promising graphite venture towards production, leveraging low operating costs and strategic partnerships.

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