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Black Rock Mining Limited ( (AU:BKT) ) has provided an update.
Black Rock Mining Limited has signed two significant agreements with Tanzania Electric Supply Company Limited (TANESCO) to construct a 220kV power line for the Mahenge Graphite Project. This development is expected to transform the Mahenge region by providing access to competitively-priced, high-voltage hydro-dominated power, thus enhancing the project’s green credentials and reducing its carbon footprint. The agreements also represent a key de-risking milestone for Black Rock, satisfying conditions for project lenders and opening new opportunities for local businesses.
More about Black Rock Mining Limited
Black Rock Mining Limited is a Tanzanian graphite developer focused on the Mahenge Graphite Project. The company, through its 84%-owned subsidiary Faru Graphite Corporation, is involved in the extraction and production of graphite, with a focus on leveraging hydro-dominated power to enhance the environmental credentials of its products.
Average Trading Volume: 1,866,465
Technical Sentiment Signal: Sell
Current Market Cap: A$29.39M
For a thorough assessment of BKT stock, go to TipRanks’ Stock Analysis page.