Jangada Mines PLC (GB:JAN) has released an update.
Jangada Mines PLC, with a 10% stake in Blencowe Resources PLC, is keenly observing Blencowe’s strategic partnership aimed at establishing a graphite beneficiation facility in Uganda for high-purity graphite used in lithium-ion batteries. The joint venture, which includes a 50% stake each for Blencowe and Triessence, a Singaporean marketing firm, along with a significant Asian producer, promises to enhance commercial returns and reduce operational risks. The initiative is set to position Blencowe uniquely in the market, securing a life-of-mine offtake partner and ensuring premium pricing for its battery-grade graphite.
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