Renascor Resources Limited (AU:RNU) has released an update.
Renascor Resources Limited has secured a $5 million Australian Government grant for its Battery Anode Material Project in South Australia, alongside a confirmed A$185 million loan to expedite construction. The company has also initiated important contractor processes and agreements, including an Indigenous Land Use Agreement and discussions for potential equity investments. With a healthy cash position of A$110 million, Renascor is advancing towards the commissioning of a demonstration processing plant for battery-grade graphite by Q2 2025.
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