Jangada Mines Optimistic on Blencowe’s Progress

Jangada Mines PLC (GB:JAN) has released an update.

Jangada Mines PLC, with significant investments in Brazil, has expressed confidence in Blencowe Resources PLC’s progress on the Orom-Cross graphite project, backed by a US government funding arm. Blencowe has received an additional $0.5 million from the US International Development Finance Corporation, contributing to a total of $3.5 million in grant funding for the project’s feasibility study. The project stands out for its low operating and capital costs, attracting numerous parties for potential offtake agreements.

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