Business
European Processing & Offtake with Alkeemia
Blencowe Resources Plc has signed a Letter of Intent with Alkeemia S.P.A. to process graphite from its Orom-Cross project in Uganda at Alkeemia's Italian facility, aiming for 99.99% purity through a cleaner, non-China route. This agreement allows for an initial allocation of 1,000 tonnes per annum, with potential to increase, and provides a capital-light downstream option aligned with European and US critical mineral supply chain priorities. Additionally, Blencowe has issued 500,000 ordinary shares to Minex in lieu of fees and granted them 1,000,000 options at 10p, increasing the total voting rights to 477,795,645 upon admission of the new shares on January 28, 2026. Disclaimer*
About this update from Blencowe Resources Plc
[{"type":"text","content":"\n\nDate: 23 January 2026 \n \nBlencowe Resources Plc\n(\"Blencowe\" or the \"Company\"),\n \nBlencowe Strengthens European Processing and Offtake Strategy with Alkeemia LOI\nEU technical expert to enable 99.99% SPG purification via cleaner, non-China processing route\n\n \n\n \nBlencowe Resources Plc (LSE: BRES) is pleased to announce it has signed a Letter of Intent (\"LOI\") with European specialist graphite processing organisation Alkeemia S.P.A. (\"Alkeemia\") to provide toll beneficiation and purification services for graphite produced from the Orom-Cross project in Uganda.\nThe graphite would be processed at a plant being developed by Alkeemia in Italy, delivering cleaner purified graphite than conventional Chinese processing routes and providing Blencowe with an alternative downstream pathway outside China.\nThis LOI builds on the successful test work announced on 15 January 2026, which demonstrated that Orom-Cross graphite can be purified to 99.99% carbon content, the highest commercially recognised purity, using Alkeemia's proprietary European purification technology, qualifying the product for sale into niche, high-value end markets where ultra-high purity is required.\n \nHighlights\n· Initial allocation of up to 1,000 tonnes per annum at Alkeemia's Italian facility, with the intention to increase volumes over time as both parties expand operations.\n· Access to simpler, faster, lower-toxicity purification process compared to conventional Chinese processing methods.\n· Cleaner purification technology that is increasingly required by European and US offtakers and funding bodies, particularly for battery and energy transition markets\n· Establishes a non-China downstream processing pathway, aligned with increasing US and European focus on securing critical mineral supply chains\n· Provides Blencowe with near-term, capital-light downstream optionality, alongside its longer-term plans to develop in-country SPG processing in Uganda.\n· Strengthens Blencowe's ability to engage with European offtakers and funding bodies, where local processing and traceable supply chains are increasingly prioritised.\n·&nbs...