Blencowe Resources Plc (GB:BRES) has released an update.
Blencowe Resources Plc has announced a strategic partnership to construct a graphite beneficiation facility in Uganda, aiming to produce high-purity graphite for lithium-ion batteries. This joint venture, formed with Singapore-based Triessence Limited and an anonymous leading Asian producer, promises to enhance Blencowe’s commercial returns by offering 99.95% purified graphite and securing a life-of-mine offtake agreement. The initiative positions Blencowe to capture premium pricing and diversify the supply chain outside of China, while leveraging local resources and expertise.
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