TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.