#BRES Blencowe Resources PLC – Further Battery Testing Success
Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda is pleased to announce continued international testing of graphite from its Orom-Cross project in Uganda has confirmed superior performance across multiple battery technologies. Highlights: · Latest testing by Apollo Energy Systems Inc. (“Apollo”) shows Orom-Cross graphite delivers ~12% enhanced performance in lead-acid battery […]
Blencowe Resources #BRES – Warrant Exercise Raises £60,000
The Company has received notices to exercise 500,000 warrants at an issue price of 4.5p each and 937,500 warrants at an issue price of 4.0p each resulting in aggregate receipt of £60,000. The Company will issue a total of 1,437,500 New Ordinary Shares. Admission The Company will make an application for 1,437,500 New Ordinary Shares […]
#BRES Blencowe Resources PLC – Issue of DFC Performance Shares and DFS Options
Blencowe Resources Plc (LSE: BRES) announces that it has issued 10,700,000 DFC Performance Shares as outlined in the prospectus dated 26 November 2024 (“Prospectus”). The DFC Performance Options were granted in recognition of obtaining the DFC grant of up to $5m. The DFC Performance Options vested following the fifth drawdown of funds on 23 May […]
Blencowe Resources #BRES – Exercise of Warrants
The Company has received notice to exercise 1,666,666 warrants of 4.5p each resulting in the receipt of approximately £75,000. The Company will issue 1,666,666 new ordinary shares. Admission The Company will make an application for 1,666,666 New Ordinary Shares to be admitted to trading on the Equity Shares (transition) category of the Official List and […]
#BRES Blencowe Resources PLC – Drilling Results
Blencowe Resources Plc (LSE: BRES) is pleased to announce the first batch of assay results from its Stage 7 drilling programme at its Orom-Cross graphite project in Northern Uganda. This campaign, the largest in the Company’s history, included geotechnical holes, infill drilling and exploration drilling across both the Camp Lode and Northern Syncline deposits, as […]
#BRES Blencowe Resources PLC – Fundraise of £1.12m and Exercise of Options at 6p
Blencowe Resources Plc (LSE: BRES), the natural resources company advancing the Orom-Cross graphite project in Uganda, is pleased to announce that it has completed an aggregate fundraise of £1,120,000 through a placing of £1,020,000 and the exercise of Board options to raise a further £100,000. The Company completed a placing of 21,473,683 new ordinary shares […]
#BRES Blencowe Resources PLC – Appointment of Project Finance Adviser
Blencowe Resources Plc (LSE: BRES) is pleased to advise that has signed a mandate with WaterBorne Capital, an independent South African corporate advisory firm with deep expertise in structuring project finance solutions for African mining developments. As Blencowe completes the Definitive Feasibility Study (“DFS”) at its Orom-Cross graphite project in Uganda and prepares for first […]
#BRES Blencowe Resources PLC – Completion of Orom-Cross DFS Programmes
Blencowe Resources Plc (LSE: BRES) is pleased to provide an update on progress within the Definitive Feasibility Study (“DFS”) at its Orom-Cross graphite project in Uganda. The Company has now completed all major infrastructure workstreams within the Definitive Feasibility Study (“DFS”) alongside the recent drilling campaign, which was the largest in the Company’s history. This […]
#BRES Blencowe Resources PLC – Issue of Equity
Blencowe Resources Plc (LSE: BRES) is pleased to announce that it has conditionally raised £290,000 (gross) through the issue of 7,250,000 new ordinary shares at a placing price of 4.0 pence per share (the “Placing”). The Placing was undertaken by Tavira Financial Limited, and was limited to two existing investors, including the Company’s largest shareholder, […]
#BRES Blencowe Resources PLC – Offtake Agreement Signed
Blencowe Resources Plc (“Blencowe”) is pleased to announce the signing of an additional Non-binding Agreement (“Agreement”) for offtake of natural fine flake concentrate from its Orom-Cross Graphite Project with Perpetuus Advanced Materials Limited. (“PAM”). PAM is a UK based advanced materials innovator with more than a decade of expertise in plasma-treated graphene production. The Agreement […]