#BRES CEO Mike Ralston talks to focusIR🎥

'We were in China to discuss a lot more than offtake.

In Korea, we were talking to POSCO. That is a very large buyer of products relating to #Graphite , & everybody seems to be interested in what we are going to be able to sell them.'

#BRES is in the midst of the 600-tonne bulk sample test programme. Once completed we think we will be able to get qualified & be able to bring forward all the offtake partners

🔹An exciting offtake phase is not far away

#Graphite #Offtake

#BRES 🎥Watch CEO Mike Ralston’s latest interview with @focusIR where he outlines plans for #Blencowe to become one of the world's largest #Graphite producers as well as a staged route to production

#BRES 📸Pictures taken at the pilot plant facility near Yanji, Northern China

Northern 🇨🇳 is the source for the majority of the Chinese #Graphite

🔹Pictures show processed graphite from the 600t Bulk sample, dried, bagged & ready for screening into the different flake sizes

#BRES Following China schedule visiting multiple strategic parties in several cities, Blencowe management continue engagements with potential offtakers in South Korea discussing project & pathway to collaboration.

Strong interest continues to be shown.

#BRES Fabrication partner for downstream SPG plant

Very experienced downstream SPG producer. Blencowe Resources Plc (LON:BRES) discussing options for full end-to-end production with parties that have the knowledge, experience & IP

#Graphite

#BRES Yantai are one of the best plant & equipment manufacturers in #Graphite worldwide. Blencowe building strong relationships into Yantai to collaborate ahead

#BRES A warm welcome on our visit to one of the largest #Graphite companies in China🇨🇳

Following positive feedback on the large-scale test work samples, #Blencowe management have a busy schedule meeting a range of strategic parties

🔹Progression towards Product Qualification & Offtake Contracts

#BRES reports significant progress on DFS works for the Orom-Cross #Graphite project, with the 600 tonne bulk sample test work starting at Jilin Huiyang New Material Technology 🇨🇳

#BRES is pleased to announce it has received its third tranche of US$1 million funding payment from the US DFC 🇺🇸

This represents a further 20% of the full US$5 million DFC grant to be utilised for Orom-Cross🇺🇬 DFS costs, with US$3 million now received in total

#Graphite

#BRES Video: First trucks carrying 600t Bulk sample from Orom-Cross arriving at the Jilin #Graphite production facility in 🇨🇳for processing to concentrate at commercial scale.

Samples to be produced for off-takers, integral in pre-qualification process for offtake agreements.

#BRES Photos: First containers for the 600t Bulk sample arrived in China, cleared customs.

En route to the Chinese Pilot Plant for processing to concentrate at commercial scale. Samples expected for off-takers, integral in pre-qualification process for offtake agreements.

#BRES BYD chairman expects China's🇨🇳 new energy vehicle penetration to exceed 50% within next 3 months

🚗NEVs include battery #ElectricVehicles , plug-in hybrid electric vehicles & fuel cell vehicles

#Graphite

cnevpost.com/2024/03/16/byd…

The US-government-backed DFC is #BRES ' cornerstone strategic funding partner to take Orom-Cross forward into production.

Thus far the DFC has provided US$2 million of a US$5 million grant with a further US$1m expected in the near term as next milestones are met.

#Graphite

#BRES Featured in Mining Journal📰: 'Low-Cost, High-Quality Uganda #Graphite Project' 🇺🇬

✅Low capital & operating costs
✅High purity product

Low CapEx & OpEx are allowing #BRES to engage & build relationships with future funding partners & offtakers in parallel during the DFS

#BRES Featured in Mining Journal📰: 'Low-Cost, High-Quality Uganda #Graphite Project' 🇺🇬

✅Low capital & operating costs
✅High purity product

Low CapEx & OpEx are allowing #BRES to engage & build relationships with future funding partners & offtakers in parallel during the DFS

#BRES Another successful day at #IndabaMining . Blencowe's CEO Mike Ralston & COO Iain had a packed schedule with excellent meetings across the industry spectrum.
Here they are with our valued representative from DFC's TAG (Technical Assistance Group). Exciting times ahead!

'Investments at 5p will provide #BRES with a runway to complete the DFS this year

We are making rapid progress in de-risking the Orom-Cross project, especially following the recent LoI received from the DFC to provide a funding solution for the build & development of Orom-Cross'

#BRES secured $500,000 at a price of 5 p & is conditionally raising a further £2.5 m from another strategic investor

The successful subscriptions are poised to bolster efforts towards completing the DFS & advancing the project

Article by Proactive 📰

#BRES Subscription with specialist African-based Investor to raise US$500,000 & additional conditional subscription for US$3.15 Million at a price of 5 pence, a significant premium to market price