REG - Blencowe Resources - US AD/CVD Ruling Supports Non-China Supply

Blencowe ResourcesAnnouncement

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RNS Number : 1422T  Blencowe Resources PLC  16 February 2026

Date: 16 February 2026

 

Blencowe Resources Plc

("Blencowe" or the "Company"),

 

US Graphite Trade Measures Reinforce Strategic Case for Non-China Supply

Growing strategic importance for near-term production from a high-quality,
large-scale supplier

 

 

 

Highlights

 

·    Aggregate antidumping and countervailing duties ("AD/CVD") of
approximately 160% on graphite active anode material ("AAM") imports from
China

·    Final affirmative determination by US International Trade Commission
expected in March 2026

·    Provides additional support for the development of non-China graphite
supply chains and reinforces the long-term relevance of Orom-Cross

 

Blencowe Resources Plc (LSE: BRES) notes the recent determination by the US
Department of Commerce imposing aggregate antidumping and countervailing
duties ("AD/CVD") of approximately 160% on graphite active anode material
("AAM") imports from China, subject to a final affirmative determination by
the US International Trade Commission expected in March 2026.

 

The measures, if affirmed, are expected to apply for a minimum period of five
years and are additive to existing US trade tariffs. The ruling represents a
significant structural shift in the competitive dynamics of the global
graphite supply chain and is expected to materially increase the landed cost
of Chinese-origin AAM into the United States, subject to final determination.

 

Structural Implications for the Graphite Market

 

The imposition of AD/CVD measures at this scale reinforces the accelerating
policy-driven transition toward secure, diversified, non-China graphite supply
chains across both battery and advanced industrial markets.  As Western
governments seek to support domestic and allied processing capacity, the
importance of scalable, high-quality upstream graphite feedstock outside China
becomes increasingly strategic.

 

Blencowe's Orom-Cross Project in Uganda is advancing as a large-scale,
long-life graphite development positioned to support this evolving supply
landscape. The ability to supply high-quality graphite feedstock suitable for
multiple advanced industrial and strategic applications is central to the
Project's strategic positioning. Ongoing resource definition at the Iyan and
Beehive deposits is building toward updated JORC resource statements designed
to support long-term development planning.

 

These developments underpin the long-term development case for Orom-Cross
across multiple high-value end markets.

 

 

Funding and Development Alignment

 

Blencowe is progressing funding and offtake discussions in parallel with
continued resource growth and technical advancement. The strengthening policy
backdrop in the United States and other Western jurisdictions provides
additional support for the development of non-China graphite supply chains and
reinforces the long-term relevance of Orom-Cross.

 

Further assay results from Iyan and Beehive are expected to be reported
progressively, building toward updated JORC Resource statements and continued
advancement of the Project toward development.

 

 

Comment from Cameron Pearce, Executive Chairman

 

"The scale of the US AD/CVD measures highlights the structural realignment now
underway in the graphite market. As trade policy reshapes supply chain
economics, secure upstream graphite supply outside China becomes increasingly
critical.

 

Orom-Cross is being developed as a scalable, long-life graphite platform
capable of supporting both battery and advanced industrial applications. As we
continue to expand the resource base and progress funding discussions, the
broader policy environment is moving firmly in favour of projects such as
ours."

 

 

**ENDS**

 

 

For further information please contact:

 

 Blencowe Resources Plc                   www.blencoweresourcesplc.com (http://www.blencoweresourcesplc.com/)

 Sam Quinn (Director)                     Tel: +44 (0)1624 681 250

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

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

                                          sasha.sethi@blencoweresourcesplc.com
                                          (mailto:sasha.sethi@blencoweresourcesplc.com)
 Tavira Financial (Joint Broker)

 Jonathan Evans                           Tel: +44 (0)20 3192 1733

                                          jonathan.evans@tavira.group (mailto:jonathan.evans@tavira.group)
 Oak Securities (Joint Broker)

 Calvin Man /Mungo Sheehan / Jerry Keen   Tel: +44 (0)20 3973 3678

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

 

 

 

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