An announcement from Black Rock Mining Limited ( (AU:BKT) ) is now available.
Black Rock Mining Limited announced key regulatory approvals for POSCO’s US$40 million equity investment and a US$179 million debt facility, facilitating the development of its Mahenge Graphite Project in Tanzania. The company is exploring less dilutive financing options and has appointed Ursula Phillips as a Non-Executive Director, enhancing its leadership with her extensive experience. With these developments, Black Rock is set to begin construction in 2025, with first production expected in 2027, marking a significant step in strengthening its position in the graphite industry.
More about Black Rock Mining Limited
Black Rock Mining Limited is a Tanzanian graphite developer focused on the Mahenge Graphite Project. The company is involved in the extraction and marketing of graphite resources, with a market focus on supplying graphite concentrate and flake graphite to international markets.
YTD Price Performance: 0%
Average Trading Volume: 785,638
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$43.2M
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