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Blencowe Resources PLC on Friday said a Ugandan authority has approved its revised environmental, social impact assessment for the Orom-Cross graphite project. The London-based mineral exploration and development company said the size and scale of the project has been ‘expanded significantly’ following the firm’s enlarged development strategy in 2024. This required Uganda’s National Environmental Management Authority to review the previously approved ESIA to reflect the updated scope of the project. Blencowe said its fast-tracking approval highlights the ‘strong support’ of the Uganda government as a ‘strategically important mining project’. The company said the revised approval includes the integration of hydro power from the national grid as a cheap energy source and the tripling of planned production rates. Executive Chair Cameron Pearce said: ‘We remain fully committed to developing Orom-Cross as one of the world’s leading sustainable graphite projects, with a strong focus on environmental responsibility and community engagement. Achieving near net-zero operations is a priority, and this revised ESIA reflects our proactive approach to integrating renewable energy, innovative waste management solutions, and meaningful social programs into our development plan.’ ‘The approval also enables us to align our expanded production ambitions with the regulatory framework, ensuring we can scale operations efficiently as we advance the definitive feasibility study and move toward production.’ Blencowe Resources shares were up 1.0% to 3.18 pence in London on Friday afternoon. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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