Blencowe Resources Secures Funding for Graphite Project

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

Blencowe Resources Plc has recently raised £1.9 million to advance the Definitive Feasibility Study (DFS) for its promising Orom-Cross graphite project in Uganda, backed by grant funding from the US Government’s DFC. The company’s CEO, Mike Ralston, discussed this development and future strategic plans in an interview on focusIR, signaling a move towards securing Tier 1 offtake agreements. Blencowe’s Orom-Cross project, with its considerable resource base and low expected operating costs, is positioned to become a world-class graphite producer.

For further insights into GB:BRES stock, check out TipRanks’ Stock Analysis page.