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Renascor Resources Limited ( (AU:RNU) ) has issued an announcement.
Renascor Resources Limited has announced significant progress in the construction of its PSG demonstration facility in Adelaide, South Australia, which is co-funded by the Australian Government. The facility is on track for on-site commissioning this quarter, with key installations and contracts completed. This development positions Renascor as a potential leader in the ex-China PSG market, addressing the growing demand for reliable and cost-competitive graphite supply chains outside China.
More about Renascor Resources Limited
Renascor Resources Limited is a company involved in the mining and resources industry, focusing on the production of Purified Spherical Graphite (PSG). The company aims to provide a sustainable and competitive alternative to China’s PSG supply chain, with a particular emphasis on cost-effectiveness and security.
Average Trading Volume: 4,381,124
Technical Sentiment Signal: Hold
Current Market Cap: A$193.3M
See more insights into RNU stock on TipRanks’ Stock Analysis page.