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Blencowe Resources PLC - developing the Orom-Cross graphite project in Uganda - Notes US Department of Commerce’s recent determination imposing roughly 160% antidumping and countervailing duties on graphite active anode material imports from China. Says a final affirmative determination is expected in March from the US International Trade Commission. If this happens, Blencowe expects the measures to apply for at least five years and to be additive to existing tariffs. Says the measures reinforce ‘the accelerating policy-driven transition toward secure, diversified, non-China graphite supply chains across both battery and advanced industrial markets.’ Believes they also ‘underpin the long-term development case for Orom-Cross across multiple high-value end markets’, as the project is well-positioned ‘to support this evolving supply landscape’. Also on Monday, Blencowe says it is progressing funding and offtake discussions, and that it expects further assay results from the Iyan and Beehive deposits to be reported progressively, ‘building toward updated JORC Resource statements and continued advancement of the Project toward development.’ Current stock price: 8.77 pence, up 3.7% on Monday in London 12-month change: more than doubled Copyright 2026 Alliance News Ltd. All Rights Reserved.
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