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Jangada Mines PLC ( (GB:JAN) ) has provided an announcement.
Jangada Mines PLC announced that Blencowe Resources PLC, in which it holds a 7% interest, has received a $500,000 grant from the US International Development Finance Corporation as part of a $5 million funding package. This funding supports the completion of the Definitive Feasibility Study for the Orom-Cross graphite project, which is expected to significantly enhance Blencowe’s market position and share price. The project has achieved key milestones, including successful micronisation studies and environmental approvals, positioning it as a world-class graphite supply source with high-value product streams.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resources development company with interests primarily in Brazil and other regions. The company focuses on mining and has a stake in Blencowe Resources PLC, which is involved in the development of the Orom-Cross graphite project.
Average Trading Volume: 327,124
Technical Sentiment Signal: Hold
Current Market Cap: £2.59M
See more data about JAN stock on TipRanks’ Stock Analysis page.