Blencowe Resources

What Blencowe Resources does

Blencowe Resources Plc is a UK-based, London Stock Exchange-listed (LSE: BRES) mineral exploration and development company focused on the Orom-Cross Graphite Project in northern Uganda, held through its wholly owned subsidiary Consolidated Resources Uganda. The project carries a 21-year Mining License awarded by the Ugandan Government in 2019, with an estimated 2-3 billion tonnes total graphite deposit of which only ~2% has been drilled to JORC standard (64.3 Mt total resource after a 168% increase in 2026). Conventional flotation processing is designed to yield 95-97% TGC concentrate with a high proportion of high-value jumbo and large flakes, and a partnership with Italy's Alkeemia S.P.A. extends the value chain with a proprietary European purification route achieving 99.99% carbon purity at Porto Marghera.

Name

Blencowe Resources

Legal name

Blencowe Resources Plc

Website

https://blencoweresourcesplc.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Blencowe Resources is a UK-listed mineral exploration and development company developing the Orom-Cross graphite project in Uganda, producing high-purity flake graphite concentrate for lithium-ion battery, EV, and industrial end users.

Ownership category

akta.pro rank

Product category

Graphite Mining & Battery Materials

NAICS

Construction Sand and Gravel Mining (212321), Ground or Treated Mineral and Earth Manufacturing (327992)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Natural Graphite Mining & Concentrates (IMAKAFAD)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Graphite mining
• Battery materials
• Mineral exploration
• Graphite concentrate
• Critical minerals

Headquarters

HQ city

Rugby

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Graphite Concentrate Sales: Primary revenue from sale of graphite concentrate in four mesh sizes (jumbo, large, medium, small flakes) to end users in battery materials and industrial markets. Pricing ranges from US$500/t to US$3,000/t depending on flake size. Weighted average selling price of US$1,307/t (FOB port) projected in DFS. Currently pre-revenue with first production targeted 2026.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Blencowe Resources is developing the Orom-Cross Graphite Project in Uganda, a world-class graphite mining and processing operation producing high-purity graphite concentrate (95-97% TGC) across multiple flake sizes for lithium-ion battery anodes, electric vehicles, and industrial applications. The project targets first production in 2026 with planned average production of 101,000 tonnes per annum of 97% concentrate, supported by a 21-year mining license and a non-China purification route achieving 99.99% carbon purity through partnership with Alkeemia S.P.A. in Italy.

Product overview

Blencowe Resources is a UK-based mineral exploration and development company operating two core projects in Uganda: the Orom-Cross Graphite Project (primary focus) and the Akelikongo Nickel Project (secondary exploration asset). The Orom-Cross project is a flagship graphite development producing high-purity graphite concentrate with a high proportion of valuable jumbo and large flakes for the lithium-ion battery market. The Akelikongo nickel sulphide project complements the portfolio by targeting another critical battery metal, with both projects offering operational synergies due to their geographic proximity in northern Uganda.

Differentiator

Problem solved

Functional benefit

Products and services

• Orom-Cross Graphite Concentrate High-purity graphite concentrate (95-97% TGC) produced in four mesh sizes (jumbo +32/+48, large +80, medium +100/+150, small +200/+325/-325) for lithium-ion battery anodes and industrial applications including lubricants, refractories, and flame retardants. Planned production capacity of 101,000 tonnes per annum.
• Spheronised Purified Graphite (SPG) 99.95% purified graphite product used in lithium-ion battery anodes, produced through additional processing of Orom-Cross concentrate via the Alkeemia partnership. Meets high purity standards required for battery-grade applications.
• Ultra-High Purity Graphite (99.99% C) Ultra-high purity graphite products achieving 99.99% carbon content through European processing route at Porto Marghera, Italy via partnership with Alkeemia S.P.A. Targeted at defense, nuclear, and specialized energy applications requiring the highest purity grades. Initial processing capacity exceeding 1,000 tonnes annually.
• Expandable Graphite Expandable graphite produced through additional processing of Orom-Cross concentrate, used in industrial applications such as flame retardants and specialized seals.

Quantifiable outcome

• US$482M NPV8 (post-tax) with 49% IRR
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and major.

• EU SAFELOOP Initiative / Project HorizoncoreChannel Partner/ Reseller/ Distributor · 23 January 2026Blencowe designated as exclusive natural flake graphite supplier to EU SAFELOOP initiative under Project Horizon. Commercial production targeted for 2027 with initial processing capacity exceeding 1,000 tonnes annually.
• Alkeemia S.P.A.coreTechnology or Integration · 15 January 2026Italian specialist in graphite purification technology. Partnership achieved 99.99% carbon content purity for all Orom-Cross graphite products - first such testing conducted within the European Union. Establishes initial processing capacity exceeding 1,000 tonnes annually at Porto Marghera, Italy. Enables non-China purification route for access to higher-margin Western markets.
• Yunasko Ltd.majorChannel Partner/ Reseller/ Distributor · 9 December 2025Non-binding MOU signed for graphite offtake agreement December 2025.
• TaiDamajorChannel Partner/ Reseller/ Distributor · 1 August 2025Offtake agreement signed August 2025 for graphite concentrate supply.
• European EV ConsortiumcoreChannel Partner/ Reseller/ Distributor · 28 November 2024Blencowe joined elite European Commission consortium to exclusively supply graphite concentrate for European EV buses.
• Digbee ESGmajorImplementation/ SI/ Consulting Partner · 8 October 2024Achieved ESG accreditation through Digbee ESG for policies and planning on ESG. Major step towards satisfying investment community and industry expectations for sustainable operations at Orom-Cross.
• ERM (Environmental Resources Management)majorImplementation/ SI/ Consulting Partner · 3 May 2022Leading global sustainability consulting firm engaged to build strong ESG platform and conduct Life Cycle Sustainability review.
• Minrom ConsultingcoreImplementation/ SI/ Consulting Partner · 26 January 2022Geological partner responsible for JORC Standard Resource estimation. Completed revised resource estimates for Orom-Cross including the 50% increase to 24.5Mt at 6.0% TGC.
• SGS Lakefield (Toronto, Canada)majorTechnology or Integration · 26 January 2022Metallurgical test work facility conducting Stage Three testing on Orom-Cross samples. Previously delivered 97.3% TGC composite product and +90% recovery rate. Provides fact sheets for all products ahead of sales and marketing.
• Battery LimitscoreImplementation/ SI/ Consulting Partner · 13 January 2022Australian engineering firm appointed to lead Pre-Feasibility Study for Orom-Cross. One of the most experienced graphite project development engineers internationally with extensive East African graphite project experience. Completed feasibility studies for several tier-one graphite projects. Will provide process engineering, plant design, capital/operating cost estimates, and project management.
• Lone Star Tech MineralscoreStrategic or Co-development Partner · 16 December 2021US-based leading graphite industry specialist with 25 years direct experience in sales and marketing of all graphite and carbon products. Engaged to assist with sales and marketing strategy including analysis of concentrates, technical specifications, market review, and building relationships with end users to lead to product qualifications and sales agreements.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Syrah Resources: ASX-listed natural graphite producer operating the Balama graphite mine in Mozambique, the closest African peer to Blencowe. Both target battery-grade graphite for Western markets, sell flake concentrate to offtake partners, and benefit from non-China supply positioning. Syrah's vertically integrated Vidalia active anode material project downstream of Balama is the natural model for Blencowe's planned purified graphite strategy.
• Black Rock Mining: ASX-listed developer of the Mahenge Graphite Project in Tanzania, one of the world's largest graphite resources. Shares Blencowe's profile as an East African flake graphite developer targeting battery materials, with similar product mix (jumbo/large flake) and downstream qualification pathway. Both rely on Tanzania/Uganda logistics corridors and similar end-user offtake strategies.
• Nouveau Monde Graphite: TSX-listed developer of the Matawinie graphite project in Quebec, focused on producing battery-grade graphite concentrate and integrated anode material for North American customers. Directly comparable to Blencowe's non-China battery-grade strategy with Alkeemia, Nouveau Monde pursues Western OEM offtake agreements and ESG positioning for premium pricing.
• Triton Minerals: ASX-listed graphite developer with the Ancuabe project in Mozambique, a flake graphite asset targeting battery anode markets. Highly comparable East African jurisdiction, similar flake size mix targeting premium battery markets, and parallel pre-production development stage with comparable DFS-level economics and offtake strategy.
• Talga Group: ASX-listed Swedish-Australian integrated graphite anode producer developing the Vittangi project in northern Sweden. Comparable as a vertically integrated natural graphite-to-anode company focused on European battery makers, with similar ESG positioning, non-China supply narrative, and binding offtake strategy targeting European OEMs and battery manufacturers.
• NextSource Materials: TSX-listed natural graphite producer operating the Molo mine in Madagascar with processing in Mauritius, producing battery-grade SuperFlake graphite. Closely comparable African jurisdiction, similar product positioning in the premium flake market, and a vertically integrated battery anode strategy parallel to Blencowe's downstream SPG ambitions.
• Magnis Energy Technologies: ASX-listed developer of the Nachu graphite project in Tanzania, targeting battery anode markets with downstream battery technology partnerships. Comparable African jurisdiction, similar pre-production graphite developer profile targeting lithium-ion battery manufacturers, and parallel qualification efforts with tier-one battery offtake partners.
• EcoGraf: ASX-listed developer of the Epanko graphite project in Tanzania, focused on producing high-purity battery-grade graphite for global customers. Highly comparable as an East African flake graphite developer pursuing battery materials qualification, with a parallel purified graphite processing strategy and similar Western OEM offtake approach.
• Volt Resources: ASX-listed developer of the Bunyu graphite project in Tanzania, focused on natural flake graphite for battery and industrial markets. Comparable as an East African junior graphite developer pursuing battery-grade qualification, with similar product mix targeting jumbo/large flake segments and parallel offtake negotiations with downstream battery customers.

Broad incumbents

• SGL Carbon: Frankfurt-listed global leader in carbon and graphite products, supplying specialty graphite materials for batteries, EVs, semiconductors, and industrial applications. Relevant as an established broad incumbent in the broader graphite value chain, though not a direct competitor in natural flake mining, representing the scale player that Blencowe's downstream purified graphite strategy could eventually supply.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BlencoweRes
• LinkedInlinkedin.com/company/blencowe-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blencowe Resources