Blencowe appoints interim CEO as project-financing work continues
Blencowe Resources ($BRES) appointed chief operating officer Iain Wearing as interim chief executive while it continues the search for a permanent appointment. The company is progressing investor due diligence and financing discussions for its Orom-Cross graphite project in Uganda, where the initial development phase requires approximately $45 million of capital. That construction funding has not been secured. Blencowe said its current cash supports corporate activities, qualification work and t
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