Blencowe Resources Plc (GB:BRES) has released an update.
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Blencowe Resources Plc has reported progress on their Orom-Cross graphite project, including a $5 million grant from the US government’s Development Finance Corporation to assist with Definitive Feasibility Study (DFS) costs. The company has met key milestones, such as delivering a 100-tonne bulk sample to a technical facility in China, which showcases the high-quality of ore processing. Despite challenges in the UK market affecting share prices, Blencowe remains positive on the future of graphite demand and continues to work towards completing the DFS by end-2024.
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