Jangada Mines PLC (GB:JAN) has released an update.
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Jangada Mines PLC reports a significant development in its investee company, Blencowe Resources PLC, which has successfully raised £1.5 million to advance its Orom-Cross Graphite Project in Uganda. This funding will support the completion of a Definitive Feasibility Study, enhancing the project’s potential to supply essential materials for the global energy transition. Jangada holds a 10% interest in Blencowe, positioning it well to benefit from the growing demand for graphite.
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