Blenco Resources: A Promising Future in Graphite Mining
Blenco Resources is making significant strides in the graphite market with its Orum Cross project in Uganda. This project stands out due to its remarkably low capital and operating costs, attributed to existing infrastructure, low strip ratio, and affordable energy and labor. Extensive metallurgical testing has confirmed the high purity of the end products, positioning Orum Cross as a unique and highly promising graphite mine.
The company has been diligently working on a bulk sample testing program to secure offtake contracts with OEMs. Following a successful 100-ton program, Blenco is nearing completion of a 600-ton bulk sample program. This progress is crucial for qualification and subsequent offtake agreements, which are essential for the project’s commercial success.
Blenco has established strategic relationships to bolster its project. Notably, the Development Finance Corporation (DFC), the private sector lending arm of the U.S. government, has granted Blenco $5 million to expedite the definitive feasibility study. This partnership not only provides financial support but also enhances Blenco’s credibility in the market.
In a bid to deliver downstream spherical graphite (SPG) production in Uganda, Blenco is collaborating with Tider, a seasoned Chinese SPG producer. This partnership aims to establish the first 99.95% SPG production facility outside of China, addressing global demand for non-Chinese SPG due to geopolitical concerns.
Blenco is also exploring other key relationships and initiatives to add value to its operations. While details are yet to be disclosed, the company hints at exciting developments on the horizon.
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