Blencowe Resources PLC (LSE:BRES) CEO Mike Ralston speaks to Proactive after announcing that the company has passed a "key milestone" in its engagement with the U.S. International Development Finance Corporation (DFC), which can provide funding assistance for the Orom-Cross graphite development as part of the US critical minerals policy.
Ralston says Blencowe has now moved through the DFC's screening phase and now moves into the due diligence stage, with a view to reaching an agreement that will "allow [Blencowe] to access up to $4.5mln... as a grant for the definitive feasibility study."