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Daily Mail – Blencowe Resources completes takeover of Ugandan graphite project
Talking about joining markets, there has been a lot of chatter in the market about Blencowe Resources, which relisted on AIM in April at 6p and peaked at around 9p earlier this week, before succumbing to a bout of profit-taking.
Following a £2million fundraise and the reverse takeover of Consolidated African Resources, Blencowe now owns the Orom Graphite Project in northern Uganda, a development that has clearly resonated with investors.
Graphite is a core material used in batteries that power electric vehicles, laptops and phones and is an often-overlooked element in the energy storage revolution.
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