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Blencowe Resources Plc
(LSE:BRES)
Blencowe Resources Plc (BRES) vs. S&P 500 (SPY)
Blencowe Resources Plc Business Overview & Revenue Model
Blencowe Resources Plc Financial Statement Overview
| Breakdown | ||||
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | -1.92K | 0.00 | EBIT |
| -1.35M | -885.36K | -827.10K | -1.02M | -243.12K | EBITDA |
| 1.00 | -686.34K | -649.47K | -1.02M | 0.00 | Net Income Common Stockholders |
| -1.40M | -1.09M | -694.73K | -1.06M | -243.12K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 129.85K | 346.99K | 93.29K | 205.86K | 141.99K | Total Assets |
| 7.77M | 7.05M | 5.44M | 4.66M | 398.85K | Total Debt |
| 818.91K | 823.85K | 887.56K | 849.51K | 0.00 | Net Debt |
| 689.06K | 476.86K | 794.27K | 643.66K | -141.99K | Total Liabilities |
| 1.90M | 1.15M | 1.17M | 1.35M | 111.72K | Stockholders Equity |
| 5.87M | 5.90M | 4.27M | 3.31M | 287.12K |
| Cash Flow | Free Cash Flow | |||
| -1.53M | -2.19M | -1.45M | -1.94M | -396.08K | Operating Cash Flow |
| -817.11K | -767.22K | -476.10K | -851.78K | -396.08K | Investing Cash Flow |
| -713.85K | -1.42M | -976.08K | -1.08M | 0.00 | Financing Cash Flow |
| 1.31M | 2.44M | 1.34M | 2.00M | 259.98K |
Blencowe Resources Plc Technical Analysis
Blencowe Resources Plc Peers Comparison
Blencowe Resources Plc Corporate Events
Blencowe Resources Plc has announced the closure of its Retail Offer, successfully raising £86,961.87 through the issuance of 2,898,729 shares at 3 pence each. This move will result in a total of 36,232,063 new ordinary shares being admitted to trading on the London Stock Exchange, increasing the company’s total voting rights to 331,458,683 shares. This development is significant for shareholders as it affects their shareholding calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.
Blencowe Resources Plc faces significant financial instability with zero revenue, consistent losses, and negative cash flows, which weigh heavily on the stock’s overall score. While technical indicators suggest a bearish outlook, recent corporate developments, including funding and strategic agreements, provide some potential for future growth. However, the current financial and operational challenges dominate the evaluation, resulting in a low overall stock score.
To see Spark’s full report on GB:BRES stock, click here.
Blencowe Resources Plc announced the successful closure of its Retail Offer, raising £86,961.87 through the issuance of 2,898,729 shares at 3 pence each. The new shares, along with 33,333,334 Placing Shares, will be admitted to trading on the London Stock Exchange, increasing the company’s total ordinary shares to 328,308,683. This development enhances Blencowe’s capital structure and may influence shareholder interests and market positioning.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.
Blencowe Resources Plc is currently underperforming primarily due to its financial instability and lack of revenue. The valuation remains unattractive with a negative P/E ratio, and technical indicators suggest potential downside risk. However, positive corporate developments, including strategic agreements and infrastructure progress, offer potential for future growth. Despite these, the significant financial and operational challenges weigh heavily on the stock’s overall score.
To see Spark’s full report on GB:BRES stock, click here.
Blencowe Resources PLC has announced a retail offer to raise up to £100,000 through the issuance of new ordinary shares at a price of GBX 3 per share. This initiative is part of a broader strategy to engage retail shareholders in the UK, with the proceeds expected to support ongoing projects. The retail offer is conditional on the shares being listed on the London Stock Exchange and is set to close on April 16, 2025. This move underscores Blencowe’s commitment to involving retail investors in its growth strategy, potentially enhancing its market position and stakeholder engagement.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.
Blencowe Resources Plc is currently underperforming primarily due to its financial instability and lack of revenue. The valuation remains unattractive with a negative P/E ratio, and technical indicators suggest potential downside risk. However, positive corporate developments, including strategic agreements and infrastructure progress, offer potential for future growth. Despite these, the significant financial and operational challenges weigh heavily on the stock’s overall score.
To see Spark’s full report on GB:BRES stock, click here.
Blencowe Resources Plc has successfully raised £1 million to advance the final stages of the Definitive Feasibility Study (DFS) for its Orom-Cross graphite project. This funding will support the completion of a 6,750-meter drilling program and provide working capital during this critical phase. The company is actively engaging with strategic partners like the US International Development Finance Corporation and African Finance Corporation to secure further project financing. Additionally, Blencowe has secured high-margin offtake deals with international buyers, marking a significant commercial milestone. The completion of the DFS is expected to strengthen Blencowe’s position in the graphite industry, potentially making Orom-Cross a globally significant project.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.
Blencowe Resources Plc is currently underperforming primarily due to its financial instability and lack of revenue. The valuation remains unattractive with a negative P/E ratio, and technical indicators suggest potential downside risk. However, positive corporate developments, including strategic agreements and infrastructure progress, offer potential for future growth. Despite these, the significant financial and operational challenges weigh heavily on the stock’s overall score.
To see Spark’s full report on GB:BRES stock, click here.
Blencowe Resources Plc has signed a Non-Binding Offtake Agreement with Qingdao TaiDa Carbon Co Ltd for the supply of 5,000 tons per year of graphite concentrate from its Orom-Cross Graphite Project. This agreement covers 50% of the initial Phase 1 production and supports Blencowe’s strategy to double its production capacity to 10,000 tons per year by 2026. The deal enhances Blencowe’s market position by aligning with a leading graphite producer and sets the stage for future collaborations with major international buyers. The agreement also facilitates the development of an in-country SPG facility in Uganda, which will reduce costs and increase profitability by capturing downstream value.
Spark’s Take on GB:BRES Stock
According to Spark, TipRanks’ AI Analyst, GB:BRES is a Underperform.
Blencowe Resources Plc faces significant financial and operational challenges, with zero revenue, consistent losses, and negative cash flows. While recent corporate developments suggest potential future growth, the current financial instability and lack of positive technical indicators weigh heavily on the stock’s overall score.
To see Spark’s full report on GB:BRES stock, click here.
Blencowe Resources has successfully completed the infill drilling phase of its 6,750m program at the Orom-Cross graphite project in Uganda, aiming to convert existing resources into reserves and expand its resource base. This progress, including the completion of geotechnical drilling and infrastructure upgrades, positions Orom-Cross as a leading graphite project globally, with potential for increased production and extended mine life, thereby strengthening Blencowe’s industry standing.
Blencowe Resources Plc has received approval from Uganda’s National Environmental Management Authority for its revised Environmental, Social, Impact Assessment (ESIA) for the Orom-Cross graphite project. The updated ESIA reflects an expanded development strategy, tripling production rates and integrating sustainable practices such as dry stack tailings and hydropower, which enhance the project’s commercial potential and environmental responsibility. This approval strengthens Blencowe’s position as a preferred supplier of responsibly sourced graphite, aligning with its strategic funding and offtake partners’ sustainability priorities.
Blencowe Resources Plc has signed a non-binding Memorandum of Understanding with Apollo Energy Systems Inc. for the offtake of purified graphite from its Orom-Cross Graphite Project. This agreement is part of Blencowe’s strategy to diversify its sales channels and secure high-margin sales in niche markets, particularly in the energy storage sector. The MOU with Apollo, a specialist in advanced lead acid battery systems, validates the quality of Orom-Cross graphite and supports ongoing financing discussions. While the initial agreement covers 250 tonnes per annum, there is potential for future expansion. This development strengthens Blencowe’s commercial strategy as it progresses towards production, positioning it favorably within the industry.
Blencowe Resources Plc has received an Expression of Interest from the African Finance Corporation (AFC) for potential debt and equity funding for its Orom-Cross graphite project in Uganda. This development marks a significant step in securing project financing, complementing existing support from the US International Development Finance Corporation. The AFC’s involvement underscores the project’s strategic importance in the global energy transition and positions Blencowe to advance towards commercial-scale production.
Blencowe Resources Plc has announced the completion of a hydropower study for its Orom-Cross Graphite Project, confirming access to low-cost, renewable energy from Uganda’s national grid. This development is a significant step towards achieving a net-zero graphite operation, enhancing the project’s appeal to potential partners and investors. The integration of hydropower not only positions Orom-Cross as a cost-effective and environmentally responsible project but also strengthens its competitiveness in the global graphite market. The company plans to secure a Power Purchase Agreement and further integrate renewable energy into its ongoing feasibility studies, reinforcing its commitment to sustainability and industry-leading environmental standards.
Blencowe Resources Plc announced progress on its 7,000-meter drilling program at the Orom-Cross project, aimed at significantly increasing JORC Resources and Reserves. The drilling is expected to position the project for higher production levels and a longer mine life. Recent site visits by Ugandan and EU officials highlight potential funding support, enhancing Blencowe’s strategic positioning in the graphite market, particularly with the EU’s SAFELOOP initiative. The successful completion of geotechnical drilling marks a critical step in expanding the Definitive Feasibility Study, with infill and step-out drilling phases to follow.