Blencowe Resources Plc ( (GB:BRES) ) has issued an announcement.
Blencowe Resources Plc has received an Expression of Interest from the African Finance Corporation (AFC) for potential debt and equity funding for its Orom-Cross graphite project in Uganda. This development marks a significant step in securing project financing, complementing existing support from the US International Development Finance Corporation. The AFC’s involvement underscores the project’s strategic importance in the global energy transition and positions Blencowe to advance towards commercial-scale production.
More about Blencowe Resources Plc
Blencowe Resources Plc is a company operating in the mining industry, focusing primarily on the development of the Orom-Cross graphite project in Uganda. The project is known for its high-purity graphite and strategic positioning as a supplier to global battery and industrial markets, with a focus on non-China graphite supply.
YTD Price Performance: 2.67%
Average Trading Volume: 493,588
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.37M
See more data about BRES stock on TipRanks’ Stock Analysis page.