Electric vehicles and renewable energy storage are two of the world’s fastest-growing markets — and both depend on graphite. Blencowe Resources Plc (LSE:BRES) is developing the Orom-Cross project in Uganda, a large-scale graphite asset positioned to serve battery, energy storage and industrial markets.
The BRES investment case centres on quality, scale, strategic location and the potential to supply multiple graphite products into markets where secure, non-Chinese supply is becoming increasingly important.
Chief executive Mike Ralston says: “We’re very lucky at Orom-Cross to have some of the highest-quality graphite in the world, both as concentrate and as a purified product. That gives us a huge advantage when it comes to finding offtakers and securing better prices.”
In this interview investors will learn:
- Graphite’s role in lithium-ion batteries for electric vehicles and energy storage applications
- Why BRES could become part of the West’s strategy to secure non-Chinese graphite supply
- Why BRES has the potential to sell different graphite products into different markets and offtake channels
- What is happening with the tender process, offtake strategy and European Union accreditation
- When the company aims to achieve P1 production and what the strategy is to get there
Reasons to add Blencowe Resources Plc (LSE:BRES) to your watchlist:
- 100% owner of the Orom-Cross Graphite project in Uganda, one of the world's largest estimated graphite deposits
- Lowest percentile operating costs, low capital startup requirements, with proven end product
- DFS results include US$2bn free cashflow over the initial 15 years Life-Of-Mine
- Has received full Minerals Security Partnership accreditation
- Received US$5m grant from the DFC, LoI for funding from the AFC and is a member of the international SAFELOOP consortium
- Plans to build an in-country downstream purification facility
- First production expected in 2027
Mike Ralston, CEO of Blencowe Resources, was interviewed for focusIR by Sarah Lowther.
Read Cavendish's research on Blencowe Resources here.
