Jangada Mines PLC (GB:JAN) has released an update.
Jangada Mines PLC has announced its investee company, Blencowe Resources PLC, has successfully raised £1.9 million to fund its Definitive Feasibility Study (DFS) for the Orom-Cross graphite project in Uganda. This funding received a strong endorsement, with key partners contributing at a premium to the last traded share price, highlighting confidence in the project. The proceeds will complement ongoing grant funding from the US Government’s Development Finance Corporation.
For further insights into GB:JAN stock, check out TipRanks’ Stock Analysis page.
