Blencowe Resources Plc (GB:BRES) has released an update.
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Blencowe Resources Plc has successfully raised £1.5 million via the issuance of new shares to fund the completion of its Definitive Feasibility Study for the Orom-Cross Graphite Project in Uganda. This includes a significant drilling program aimed at enhancing the existing resource, with additional support expected from a forthcoming US$500,000 grant. The fundraising effort, involving major shareholders and management, positions Blencowe to advance its project and capitalize on the growing demand in the graphite sector.
For further insights into GB:BRES stock, check out TipRanks’ Stock Analysis page.
