Blencowe Resources Plc (GB:BRES) has released an update.
Blencowe Resources PLC has launched a retail offer to raise up to £195,000 by issuing new ordinary shares at 4 pence each, aimed at supporting its Orom-Cross Graphite Project in Uganda. This follows a recent £1.5 million fundraising effort and is intended to complete a 6,000-meter drilling program and advance a Definitive Feasibility Study. The retail offer is available to UK shareholders, emphasizing Blencowe’s strategic position to meet the growing demand for graphite, crucial for the energy transition.
For further insights into GB:BRES stock, check out TipRanks’ Stock Analysis page.
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