Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Jangada Mines PLC ( (GB:JAN) ) is now available.
Jangada Mines PLC announced that Blencowe Resources PLC, in which it holds a 7% interest, has signed a significant non-binding offtake agreement with Qingdao TaiDa Carbon Co Ltd for its Orom-Cross Graphite Project in Uganda. This agreement, covering 50% of the initial Phase 1 production, underscores the project’s potential and scalability, paving the way for increased production and profitability. The deal also supports Blencowe’s strategy to expand production and enhance its market positioning, with implications for future sales to international buyers and the establishment of an in-country SPG facility in Uganda.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resources development company with interests primarily in Brazil and other regions. The company operates in the mining sector and focuses on developing mineral resources.
YTD Price Performance: -13.46%
Average Trading Volume: 404,418
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.75M
See more data about JAN stock on TipRanks’ Stock Analysis page.