Renascor Gains $5M Boost for Graphite Project

Renascor Resources Limited (AU:RNU) has released an update.

Renascor Resources Limited has secured a $5 million grant from the Australian Government to cover nearly half the costs of a new $10 million facility that will produce Purified Spherical Graphite (PSG), aimed at the lithium-ion battery market. The facility will showcase Renascor’s unique, environmentally friendly PSG production process, aligning with the company’s broader strategy to become the first ex-China integrated producer of PSG for battery anodes. Renascor is also advancing its Siviour Mine and Concentrator and seeking further investment and binding offtake agreements to support the project’s initial capital needs.

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