BLENCOWE RESOURCES, DRIVING THE WORLDS DEVELOPMENT OF SOLAR TECHNOLOGY?

INTRODUCTION

Blencowe Resources is a mining company with a specific focus on mining graphite. The company is based in the United Kingdom and currently has a key mining project in Uganda, having recently renewed its mining license. Graphite is a key raw material for various hardware, including batteries and solar panels. The resource is fundamental, as it is highly conductive and enables efficient transfer of electricity. Blencowe Resources could capitalize on the strong demand for renewable energy, specifically solar panels, while also capitalizing on the high demand for batteries. This could make it an interesting market stock today.

GRAPHITE FORECAST TO REMAIN IN HIGH DEMAND

According to the most recent forecasts for graphite, demand for the commodity is expected to remain strong until at least 2033. Rising demand for batteries in both the EV sector and residential housing are likely to remain key drivers for the demand of graphite. Additionally, with refinement of solar panels and a shift to renewable energy will also play a key role for in driving demand. While global graphite supplies are relatively stable, China continues to remain the largest producer of the commodity. With geopolitical tensions between the US and China, there may be a need for an alternative graphite supplier, and this dynamic could help Blencowe Resources in terms of an increase in business with the company.

BLENCOWE SHOWS PROMISING RESULTS IN UGANDA MINE

Blencowe Resources recently announced, that through its exploration, has found a promising depository of pure graphite in Uganda. The announcement landed the company various strategic investments in order for the company to build the project. The company even received backing from the US International Development Finance Corporation, while also receiving $500,000 USD from a strategic investor from a specialist investor based in Africa. Blencowe Resources highlighted that it is expecting the project to deliver a net present value of over $482m USD, which would be significant in the company’s ability to generate returns.

CONCLUSION/SUMMARY

In conclusion, Blencowe Resources could prove to be an interesting company given the current demand dynamic for graphite is promising. If Blencowe Resources can deliver on their Uganda project, the company could potentially take advantage of a highly in demand raw material and convert the demand into potential profit. The company could be an interesting small cap company and may be suitable as a micro strategy stock as a result.