Jangada Mines PLC (GB:JAN) has released an update.
Jangada Mines PLC, an AIM-listed natural resources development company, has expressed confidence in the potential of its investee company, Blencowe Resources PLC, following the latter’s announcement of a non-binding MOU with Jilin for the off-take of large flake graphite from its Orom-Cross project. This agreement, which covers a significant share of Blencowe’s projected large flake production, not only demonstrates product quality validation but also marks a substantial milestone towards securing future project financing and advancing the definitive feasibility study. Blencowe’s ability to fast-track the typical off-take negotiation process is seen as a positive step in securing partnerships for its entire production output.
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