Blencowe Resources PLC Recent Developments

Financial Injection for Orom‑Cross Project

London‑listed Blencowe Resources PLC announced on 11 December 2025 that it has secured a £3 million raise to support the financing readiness of the Orom‑Cross project. The capital injection is intended to fund early‑stage development activities and to position the project for subsequent funding rounds.

New Graphite Of‑take Agreement

Two days earlier, on 9 December 2025, Blencowe signed a non‑binding memorandum of understanding with Yunasko to provide an offtake of graphite. The agreement is expected to enhance Blencowe’s supply chain for high‑purity graphite, a commodity in high demand for electric‑vehicle batteries and renewable‑energy storage.

Admission to the FCA Official List

On 12 December 2025, the Financial Conduct Authority (FCA) formally admitted Blencowe Resources Plc ordinary shares to the Official List. The admission, effective 12/12/2025 at 08:00 GMT/BST, confirms the company’s compliance with regulatory standards and improves liquidity for investors. The shares are listed under ISIN GB00BFCMVS34 and carry a nominal value of 0.5 p each.

Market Context and Share Performance

Blencowe’s share price closed at £7.00 on 10 December 2025, within the 52‑week range of £2.55 to £9.80. The company’s price‑earnings ratio remains negative at –33.02, reflecting the high‑cost structure typical of a natural‑resources acquisition specialist.

Strategic Implications

The combination of capital raise, commodity offtake partnership, and regulatory admission positions Blencowe to accelerate its exploration and production portfolio. By securing financing for the Orom‑Cross project and locking in a graphite supply, the company aims to meet global demand for natural resources while strengthening its balance sheet.

Outlook

Blencowe’s management has indicated that the recent funding and agreements will enable progress on existing projects and open avenues for further acquisitions in the natural‑resources sector. The FCA listing is expected to broaden the investor base and support future capital‑raising activities.