Blencowe Resources announces joining the international SAFELOOP consortium
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Blencowe Resources Plc (LSE:BRES) has announced it has joined the international SAFELOOP consortium. Managed under the European Commission’s €100 billion Horizon Europe Programme, the initiative is focussed on the EU's renewable energy transition. In this interview, investors will hear: - The role the company's Orom-Cross project will play to supply natural flake graphite concentrate for use in SAFELOOP batteries - More about SAFELOOP pricing for graphite and how that compares to similar concentrate sold elsewhere. - How this initiative fits into the company's wider offtake strategy - What further opportunities the collaboration may present for the Orom-Cross project. - The significance of Orom-Cross graphite undergoing EU Green Passport evaluation Reasons to add Blencowe Resources Plc (LSE:BRES) to your watchlist: - Orom-Cross is one of the world's largest estimated graphite deposits - The project has received full Minerals Security Partnership accreditation which provides international exposure at the highest level - Plans to build an in-country downstream purification facility in Uganda to upgrade graphite concentrate to battery ready SPG - making Blencowe one of the few delivering 99.95% purified graphite products outside of China - Has joined the international SAFELOOP consortium - a €100 billion European initiative focussed on the EU's renewable energy transition. - BRES is now within the Definitive Feasibility Study phase as it works towards first production.