Blencowe Resources (LSE: BRES.L) has signed a Memorandum of Understanding ("MOU") with Singaporean graphite sales and marketing specialist Triessence Limited ("Triessence"), a leading Asian SPG and Anode material producer ("SPG Partner").
This MoU aims to establish Joint Venture (JV) for a graphite beneficiation facility in Uganda producing 99.95% purified graphite for lithium-ion batteries.
In this interview, investors will learn:
- How the MoU paves the way for a JV that will set Blencowe apart from its competitors
- What financial advantages an in-country facility brings.
- How the initiative will enhance the company's overall commercial returns
- What this new facility means in terms of addressing the rising global demand for purified graphite
- How future plans for completion of the Orom-Cross DFS will be affected moving forward
Reasons to add Blencowe Resources #BRES to your watchlist:
- Orom-Cross is a potential world class graphite project both by size and end-product quality
- A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019
- BRES is now within the Definitive Feasibility Study phase as it works towards first production
- Has an MoU in place with Asian graphite specialists for the production of 99.95% purified graphite for lithium-ion batteries.
- Project will effectively be de-risked ahead of project financing and construction,
Mike Ralston, CEO of Blencowe Resources, was interviewed by Andrew Scott for focusIR.
