Blencowe Resources Plc (LSE:BRES) has announced positive international testing results for its Orom-Cross graphite, showing significant performance enhancements in lead-acid batteries and other advanced battery applications. The tests, conducted by Apollo Energy Systems and American Energy Technologies, revealed a 12% increase in discharge capacity and high purity levels suitable for electric vehicle use. These findings highlight Orom-Cross as a competitive alternative graphite source outside China’s supply chain and open the door to new market opportunities in the lead-acid battery sector.
Despite these technical milestones, Blencowe faces ongoing financial pressures, including zero revenue, persistent losses, and negative cash flow, which weigh heavily on its stock outlook. While technical indicators remain bearish, recent funding efforts and strategic agreements offer a degree of future potential, though financial instability remains the dominant factor.
More about Blencowe Resources Plc
Blencowe Resources is a natural resources company focused on developing the Orom-Cross graphite project in Uganda. The project targets the production of high-quality, large flake graphite used in various battery technologies, including EV applications. The company is progressing toward completing its Definitive Feasibility Study, aiming to position Orom-Cross as a world-class graphite source with strong strategic importance in the global battery materials market.
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