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The latest announcement is out from Renascor Resources Limited ( (AU:RNU) ).
Renascor Resources has reached key construction milestones at its Australian Government co-funded Purified Spherical Graphite demonstration facility in Adelaide, completing installation of all major purification circuit equipment, including the kiln and tanks, and beginning on-site commissioning of utilities and other infrastructure. Process piping and electrical works are well advanced, remaining tasks include integrating the water treatment system and progressive commissioning of systems, and the project remains on schedule with no lost-time injuries and major construction completion expected next quarter, positioning Renascor to validate its HF-free purification process and strengthen its role as a sustainable, ex-China supplier of battery anode materials.
The most recent analyst rating on (AU:RNU) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Renascor Resources Limited stock, see the AU:RNU Stock Forecast page.
More about Renascor Resources Limited
Renascor Resources Limited is an Australian graphite developer focused on producing Purified Spherical Graphite (PSG) for use in lithium-ion battery anodes, with a strategy to offer a sustainable, cost-competitive alternative to China’s dominant PSG supply chain. The company is advancing downstream processing capabilities in Adelaide, South Australia, supported by Australian Government co-funding, to commercialise its proprietary HF-free purification technology for battery materials markets.
Average Trading Volume: 4,320,036
Technical Sentiment Signal: Buy
Current Market Cap: A$201M
Learn more about RNU stock on TipRanks’ Stock Analysis page.