Mike Ralston, chief executive of Blencowe Resources spoke to Proactive London, giving an update on its Uganda project.
The company reported a 50% resource increase at its Orom-Cross graphite project
in Uganda.
It also raised £800,000 from RAB Capital, who become largest shareholder in the miner.
The money raised will be used to fast track a pre-feasibility study and help initiate exploration work at the Akelikongo nickel project.