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An update from Blencowe Resources Plc ( (GB:BRES) ) is now available.
Blencowe Resources Plc has announced its annual results for the year ended September 30, 2024, highlighting significant progress on the Orom-Cross Graphite Project. The company has focused on completing the Definitive Feasibility Study (DFS), which includes securing mining infrastructure, engaging with offtaker partners, and establishing funding relationships. Notably, Blencowe has achieved cost-effective graphite production, received a significant US government grant, and formed a strategic partnership to develop downstream processing capabilities, positioning itself as a leader in high-quality graphite production outside of China.
More about Blencowe Resources Plc
Blencowe Resources Plc is a natural resources company primarily focused on the development of the Orom-Cross Graphite Project in Uganda. The company is engaged in graphite mining, with a keen interest in the graphite’s role in lithium-ion batteries crucial for renewable energy storage, positioning itself as a key player in the global energy transition.
YTD Price Performance: 13.33%
Average Trading Volume: 771,700
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £12.55M
For a thorough assessment of BRES stock, go to TipRanks’ Stock Analysis page.
