Blencowe Resources #BRES – Fourth tranche US$0.5million Grant Funding received from US International Development Finance Corporation

Blencowe Resources Plc (LSE: BRES) is pleased to announce the receipt of a fourth tranche of funding from the United States International Development Finance Corporation (“DFC”).  The DFC is the private sector lending arm of the United States Government.  This latest payment of US$0.5 million will continue to support the ongoing Orom-Cross Definitive Feasibility Study […]

Blencowe Resources #BRES – Alan Green talks to MD Mike Ralston

Alan Green talks to Blencowe Resources #BRES MD Mike Ralston. We cover progress with the DFS and the recent Orom Cross graphite testing in China before covering today’s maiden offtake agreement with Chinese graphite giant Jilin for the large flake product. Mike then discusses the plans for pilot plant production could commence at Orom Cross […]

Blencowe Resources #BRES – Third tranche US$1 million Grant Funding received from US International Development Finance Corporation

Blencowe Resources Plc (LSE: BRES) is pleased to announce the receipt of its third tranche US$1 million funding from the United States International Development Finance Corporation (“DFC”).  This payment, representing a further 20% of the full US$5 million DFC grant further supports the ongoing Orom-Cross Definitive Feasibility Study (“DFS”) costs, bringing the total received to […]

Buy Blencowe Resources #BRES with a 73p price target says First Equity

Buy Blencowe Resources #BRES says First Equity Ltd The securing of a $5m grant from the DFC is a commendable achievement for Blencowe and significantly reduces financing risks at Orom Cross. We have re-calibrated the PFS published last year from a NPV8 to NPV10 to reflect a higher cost of borrowing world (from $482m to […]

Blencowe Resources #BRES – Placing to Raise £635,000

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES), the natural resources company focussed on the development of the Orom-Cross Graphite Project in Uganda, is pleased to announce that it has raised £635,000 at 5 pence per share (“Placing”) through the issue of 12,700,000  new ordinary shares of 0.5p (“Placing Shares”). The Company will […]

Blencowe Resources #BRES – Strategic Funding Partner for Orom-Cross Graphite Project

Blencowe Resources Plc (“Blencowe” or the “Company”) (LSE: BRES) is pleased to announce it has passed the key Screening hurdle within the DFC in order to move forward to secure a substantial Technical Assistance Grant. The process now moves to a Grant Agreement and other final requirements to complete this funding solution.  The TAG under […]

Blencowe Resources #BRES – Approach from Potential Strategic Party in China

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce it has received an approach from a group in China that has the potential to ultimately provide an offtake, funding and development scenario for its 100% owned Orom-Cross graphite project in Uganda. Highlights: Approach received from a strategic party in China […]

Blencowe Resources #BRES – Definitive Feasibility Study Commences on Orom-Cross Graphite Project

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) is pleased to announce that it has commenced the Definitive Feasibility Study for its flagship Orom-Cross graphite project located in Uganda, East Africa. Highlights ·    Definitive Feasibility Study (DFS) commences with target completion date 2H-2023. ·    Engagement with specialist graphite engineering firm to manage the […]

Blencowe Resources #BRES relinquishes Akelikongo Nickel Project to focus on Orom-Cross

Blencowe Resources Plc (“Blencowe Resources” or the “Company”) (LSE: BRES) announces that is has terminated its agreement with SIPA Resources (“SIPA”) with respect to the Akelikongo nickel project. The decision by Blencowe to terminate the agreement means it is no longer required to issue US$350,000 of shares  to SIPA as part of the consideration following […]