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Blencowe Resources Plc ( (GB:BRES) ) has provided an announcement.
Blencowe Resources Plc has received approval from Uganda’s National Environmental Management Authority for its revised Environmental, Social, Impact Assessment (ESIA) for the Orom-Cross graphite project. The updated ESIA reflects an expanded development strategy, tripling production rates and integrating sustainable practices such as dry stack tailings and hydropower, which enhance the project’s commercial potential and environmental responsibility. This approval strengthens Blencowe’s position as a preferred supplier of responsibly sourced graphite, aligning with its strategic funding and offtake partners’ sustainability priorities.
More about Blencowe Resources Plc
Blencowe Resources Plc is a company operating in the mining industry, focusing on the development of the Orom-Cross graphite project in Uganda. The project is notable for its large, high-quality graphite deposit with a significant component of valuable larger coarse flakes. Blencowe is advancing through the Definitive Feasibility Study phase, aiming to produce upgraded graphite products in collaboration with downstream processing partners.
YTD Price Performance: -12.00%
Average Trading Volume: 589,022
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.19M
Find detailed analytics on BRES stock on TipRanks’ Stock Analysis page.