Renascor Resources Limited (AU:RNU) has released an update.
Renascor Resources Limited has initiated a competitive bidding process for the minerals processing plant of its Siviour Graphite Project by involving two prominent engineering and construction firms. The Early Contractor Involvement (ECI) phase aims to refine the project’s design and fast-track its development to meet impending graphite market shortages. Additionally, the company is exploring potential offtake and equity investment opportunities to fulfill initial capital requirements for the project.
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