REG - Blencowe Resources - Offtake MOU with Yunasko Ltd.

Blencowe ResourcesAnnouncement

Tue 07:02

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RNS Number : 8047K  Blencowe Resources PLC  09 December 2025

9 December 2025

 

Blencowe Resources Plc

(Blencowe" or the "Company)

 

Further Offtake MOU for Orom-Cross Graphite Project

Agreement provides for sale of high value purified flake products to Advanced
Technology firm

 

Blencowe Resources Plc is pleased to announce the signing of an additional
non-binding Memorandum of Understanding ("MOU") for natural medium flake
concentrate offtake from its Orom-Cross Graphite Project. The offtake
agreement is with Yunasko Ltd. ("Yunasko"), an advanced technology company
headquartered in London and Kyiv, and a recognised leader in energy storage
and ultracapacitor technologies used across next generation industrial and
defence applications.

This new MOU follows recent Blencowe senior management engagements in the
United States and Europe and reflects the strong response to ongoing
successful test work confirming the consistently high-quality of product from
Orom-Cross graphite.

 

Highlights:

·    Non-binding five-year MOU with Yunasko for five years to supply of an
initial 500 tonnes per annum of purified medium flake graphite.

·    Yunasko is a leading innovator in advanced supercapacitor energy
systems serving high-specification energy storage and defence markets.

·    Pricing to be agreed under a formal binding agreement within 24
months.

·    Initial agreement follows substantial product qualification work and
coincides with completion of Blencowe's Definitive Feasibility Study ("DFS").

·    Blencowe continues to progress positive discussions with multiple
OEMs and strategic downstream users engaged during recent US and European
marketing initiatives.

 

The Yunasko MOU covers a niche, high-value component of the Company's medium
flake (+100 mesh) graphite output during the first five years of production.
Yunasko's initial 500 tonnes per annum requirement is anticipated to increase
as the commercial relationship matures.

The product will be further upgraded in Chicago, USA  by Blencowe's US
technology partner, American Energy Technology Co. ("AETC"), enabling Yunasko
to purchase a premium-grade materials.

Blencowe is also advancing discussions in the United States with additional
OEMs and leading downstream processors for both large flake products and
smaller flake categories.  Several Groups are currently undertaking
qualification test work on Orom-Cross material, and the Company anticipates
further MOUs to be concluded as these programmes advance. Market engagement
remains strong, and the Company is progressing discussions with additional
potential offtakers worldwide as it builds toward a diversified suite of sales
agreements ahead of first production.

 

Executive Chairman Cameron Pearce commented:

"We are pleased to add a further high-quality European offtaker to our growing
portfolio particularly one operating at the forefront of energy storage
innovation. Supercapacitor applications require exceptionally consistent,
high-grade material and Orom-Cross, supported by AETC's purification
capabilities, is ideally suited to meet this demand."

"Our graphite is currently undergoing evaluation with a broad range of
international end users, and we remain confident of additional offtake
agreements following as these programmes progress.  Purified material
attracts significantly higher pricing than standard concentrates and these
higher value customers provide both market credibility and a meaningful uplift
on our weighted average selling price."

 

Yunasko Executive Chairman Yurii Maletin commented:

"We are pleased to be working with Blencowe Resources to receive high-quality
purified graphite from Orom-Cross natural resource for integration into
Yunasko's next-generation energy storage systems. Our testing, together with
American Energy Technology Co.'s purification and downstream processing work,
confirms that Orom-Cross provides material of particularly high suitability
for these advanced applications.

Yunasko, a leader in high-power ultracapacitor and hybrid energy storage
technologies, is driving meaningful innovation in the global energy storage
market by delivering faster-charging, longer-life and higher-efficiency
solutions. The use of premium purified graphite will further strengthen
Yunasko's ability to develop cutting-edge systems, and we look forward to a
long and productive relationship as Blencowe moves towards first production."

 

For further information please contact:

   Blencowe Resources Plc

  Sam Quinn                 www.blencoweresourcesplc.com

                            Tel: +44 (0)1624 681 250

                            info@blencoweresourcesplc.com (mailto:info@blencoweresourcesplc.com)

 Investor Relations         Tel: +44 (0) 7891 677 441

 Sasha Sethi                sasha.sethi@blencoweresources.com (mailto:sasha.sethi@blencoweresources.com)

 Tavira Financial           Tel: +44 (0)20 3192 1733

 Jonathan Evans             jonathan.evans@tavira.group (mailto:jonathan.evans@tavira.group)

Twitter https://twitter.com/BlencoweRes (https://twitter.com/BlencoweRes)

LinkedIn https://www.linkedin.com/company/72382491/admin/
(https://www.linkedin.com/company/72382491/admin/)

 

 

Background

Orom-Cross Graphite Project

Orom-Cross is a potential world class graphite project both by size and
end-product quality, with a high component of more valuable larger flakes
within the deposit.

A 21-year Mining Licence for the project was issued by the Ugandan Government
in 2019 following extensive historical work on the deposit and Blencowe has
moved into the Definitive Feasibility Study phase as it drives towards first
production.

Orom-Cross presents as a large, shallow open-pitable deposit, with a maiden
JORC Indicated & Inferred Mineral Resource deposit of 24.5Mt @ 6.0% Total
Graphite Content. Development of the resource is expected to benefit from a
low strip ratio and free dig operations, thereby ensuring lower operating and
capital costs.

 

 

Yunasko Ltd

Yunasko is a leading developer of high-power energy storage technologies,
operating in the United Kingdom and Ukraine. The company specializes in
advanced ultracapacitors and hybrid systems that combine the advantages of
ultracapacitors with lithium-ion batteries. Yunasko's proprietary technologies
are built around exceptionally low internal resistance, enabling very high
power density, minimal heat generation, extended cycle life, and enhanced
operational safety.

Yunasko's performance advantages have been validated by numerous international
partners and independent experts, including PSA Group (France), JME Inc.,
Wayne State University, a U.S. Department of Defense Tier 1 supplier, and MOOG
(USA). The company continues to advance next-generation high-power modules for
automotive, industrial, grid, and defense applications, positioning itself at
the forefront of the rapidly evolving global energy storage market.

 

American Energy Technologies Company (AETC)

AETC is a woman-owned, privately held business which conducts operations out
of the greater Chicago area. In its Wheeling, IL facility, AETC operates three
business units: a manufacturing plant making battery-ready graphite and carbon
materials, a pilot demonstration facility for battery materials and graphite
dispersions, and a fully functional applications laboratory supporting the
above business units. Currently, AETC is one of only three organizations which
commercially manufacture lithium-ion battery-ready graphite in the United
States. Furthermore, AETC's Wheeling, IL plant is currently the only
industrial end-to-end commercial manufacturer of spherical purified surface
coated natural graphite in the US. In doing so, the company develops and
operates an upstream ore beneficiation, unique refining, particle
spheroidization, and carbon coating technologies. AETC is both developing and
producing spherical graphite (natural and synthetic), expanded graphite,
partially graphitized nanostructured carbons, ultra-high purity graphite-based
electrically conductive inks, paints, and coatings which find use within the
industry. AETC is a proud supply chain member of electric vehicles and an
approved supplier to twelve battery manufacturers and one fuel cell producer.
For more information you can visit: https://www.usaenergytech.com/news

 

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