Business
Annual Financial Report
Blencowe Resources Plc has released its annual results for the year ended 30 September 2025, reporting a total comprehensive loss attributable to equity holders of £1,412,406, an increase from the previous year's loss of £902,801. The company's intangible assets, primarily related to exploration, increased to £10,701,212 from £7,603,793, with capitalised exploration costs rising to £3,929,517. Cash and cash equivalents stood at £868,284 at year-end, up from £114,694. The company has completed its Definitive Feasibility Study for the Orom-Cross Graphite Project and is focused on securing project funding, with a US$5 million technical assistance grant from the US International Development Finance Corporation having disbursed US$4.75 million to date. Disclaimer*
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\n \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\")\nAnnual Results for the year ended 30 September 2025\nAnd Notice of Annual General Meeting\n \nBlencowe Resources Plc, the natural resources company focused on the development of the Orom-Cross Graphite Project in Uganda, is pleased to announce its audited financial results for the year ended 30 September 2025 (the \"Annual Report\") and it's notice of Annual General Meeting (\"Notice of AGM\").\nThe Annual Report which includes an unqualified audit report and audited Financial Statement for the year ended 30 September 2025 & The Notice of AGM and the associated Form of Proxy will be made available on the Company's website at www.blencoweresourcesplc.com. Hard copies will be posted to the Company's shareholders.\n \nFor further information, please contact:\n \n\n\n\n\nBlencowe Resources\nSam Quinn\n \n\n\nwww.blencoweresourcesplc.com\nTel: +44 (0) 1624 681 250\[email protected]\n \n\n\n\n\nInvestor Enquiries\nSasha Sethi\n\n\nTel: +44 (0) 7891 677 441\[email protected]\n \n\n\n\n\nTavira Financial Limited\nJonathan Evans\n\n\nTel: +44 (0)20 7100 5100\[email protected]\n \n\n\n\n\n\n\n\n \n\n\n\n\nChief Executive Officer's Statement for the period ended 30 September 2025\nShareholders and Stakeholders,\n \nAs we continue this journey to unlock the enormous value within the Orom-Cross graphite project I am pleased to share with you some of the progress we have made over the last 12 months.\n \nGraphite remains an integral part of the global energy transition due to its non-replaceable role within the lithium-ion battery that stores all renewable energy generated and powers electric vehicles. There are many other commercial applications for graphite through its primary qualities (high heat resistance and high conductivity) but it is the role within batteries that most analysts are forecasting accelerated growth ahead as the world gradually moves away from fossil fuels.\n \nWhilst some analysts consider this energy transition \"yesterday's news\" due to a perceived slow-down in demand for electric vehicles, we do not agree. In fact, we'd suggest the transition has not even yet begun in earnest, and graphite as a critical mineral will very definitely ha...