Black Rock Mining has had the default notice on its Tanzanian Special Mining Licence lifted, removing a key regulatory hurdle for its flagship Mahenge Graphite Project and paving the way for resumption of operations and trading.
Black Rock Mining advances its Mahenge Graphite Project with a A$5 million placement and POSCO’s strategic US$277 million investment in a Korean spherical graphite plant, signaling strengthened downstream integration and project momentum.
Black Rock Mining has cleared key regulatory hurdles for POSCO's US$40 million equity injection and secured US$179 million in debt facilities, setting the stage for construction of its Mahenge Graphite Project in Tanzania.