Jangada Mines Praises Blencowe’s £1.9M Fundraise

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

Jangada Mines PLC has announced its investee company, Blencowe Resources PLC, has successfully raised £1.9 million to fund its Definitive Feasibility Study (DFS) for the Orom-Cross graphite project in Uganda. This funding received a strong endorsement, with key partners contributing at a premium to the last traded share price, highlighting confidence in the project. The proceeds will complement ongoing grant funding from the US Government’s Development Finance Corporation.

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