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Blencowe receives "game-changing" US funding

The US International Development Finance Corporation (DFC) awarded Blencowe Resources US$5 million for its Orom-Cross graphite project in Uganda. The funding is "game-changing", chief executive Mike Ralston told Mining Journal.

Isabeau van Halm
Blencowe's Orom-Cross graphite project in Uganda

Blencowe's Orom-Cross graphite project in Uganda

The $5 million will be used to fund the feasibility study for the project, with a 20% contribution paid immediately and further payments made as study milestones are achieved. According to Blencowe,...

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