Black Rock Mining Strengthens Board and Secures Funding for Mahenge Project

The latest announcement is out from Black Rock Mining Limited ( (AU:BKT) ).

Black Rock Mining Limited announced the appointment of Mr. Dongjoo Kim as a Non-Executive Director, representing POSCO, a major shareholder and strategic partner. The company successfully raised A$5 million through a share placement to support corporate costs and working capital, as it seeks additional funding for the Mahenge Graphite Project. POSCO’s commitment is further evidenced by its approval of a US$277 million investment in a spherical graphite production plant in Korea, which will source graphite from Mahenge by 2027. This development strengthens Black Rock’s industry positioning and underscores its potential impact on stakeholders.

More about Black Rock Mining Limited

Black Rock Mining Limited is a Tanzanian graphite developer focused on the Mahenge Graphite Project. The company is engaged in the mining industry, primarily dealing with graphite production, and aims to establish a strong market presence with its strategic projects.

YTD Price Performance: -33.33%

Average Trading Volume: 1,762,317

Technical Sentiment Signal: Buy

Current Market Cap: A$29.39M

See more insights into BKT stock on TipRanks’ Stock Analysis page.