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Jangada Mines Highlights Blencowe’s Strategic Graphite Offtake Agreement

Story Highlights
  • Jangada Mines notes Blencowe’s progress in advancing the Orom-Cross graphite project.
  • Blencowe’s MOU with Apollo Energy Systems marks a key step in diversifying its offtake strategy.
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Jangada Mines Highlights Blencowe’s Strategic Graphite Offtake Agreement

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Jangada Mines PLC ( (GB:JAN) ) just unveiled an update.

Jangada Mines PLC has noted the progress of Blencowe Resources PLC, in which it holds a 7% interest, as Blencowe advances its Orom-Cross graphite project in Uganda. Blencowe has signed a non-binding Memorandum of Understanding with Apollo Energy Systems for the offtake of purified graphite, highlighting the project’s commercial potential and reinforcing Blencowe’s strategy to secure high-value offtake agreements. This agreement marks a significant step in diversifying Blencowe’s offtake strategy by targeting niche high-value markets, particularly in the energy storage sector. The announcement also underscores the project’s quality and potential, as evidenced by interest from the African Finance Corporation and ongoing discussions with multiple international buyers.

More about Jangada Mines PLC

Jangada Mines PLC is a natural resources development company with interests primarily in Brazil and other locations. The company is involved in the mining sector, focusing on the development and commercialization of mineral resources.

YTD Price Performance: -3.85%

Average Trading Volume: 406,283

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.94M

Find detailed analytics on JAN stock on TipRanks’ Stock Analysis page.

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