Blencowe Resources Plc announced the receipt of a fourth tranche of funding from the United States International Development Finance Corporation ("DFC"). This latest payment of USD 0.5 million will continue to support the ongoing Orom-Cross Definitive Feasibility Study ("DFS") costs and brings the total grant funding received to USD 3.5 million since the Technical Assistance Grant funding agreement was signed with the DFC in September 2023. Blencowe has successfully completed further key DFS milestones to unlock an additional USD 0.5 million grant funding from the DFC. This is part of the overall USD 5.0 million Technical Assistance Grant agreement that Blencowe completed with the DFC in September 2023. Orom-Cross remains one of the only pre-production resource projects worldwide to have received this US Government/DFC assistance.

Blencowe continues to consider all means possible to value-add at Orom-Cross, using the Project's unique characteristics to appeal to graphite industry leaders. Orom-Cross is becoming well known in graphite markets as one of the lowest operating cost producers worldwide that can also be brought into production for a much lower capital cost than most of its peers. Furthermore, the high quality of its end products have attracted a host of interested parties for offtake discussions, and the Company is working through a rigorous final bulk sample testing process to become qualified to then lock down offtake contracts with tier one buyers. The DFC involvement in the Project provides Orom-Cross with top tier international funding party credibility, as well as actual cash towards the completion of the DFS. This unique collaboration is another key differentiating factor for the Company.