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Renascor Resources Limited ( (AU:RNU) ) has shared an announcement.
Renascor Resources Limited has commenced construction of its Purified Spherical Graphite (PSG) demonstration facility in Adelaide, South Australia, following a $5 million grant from the Australian Government. The facility aims to showcase Renascor’s HF-free purification process, providing a competitive alternative to China’s PSG supply. Key milestones have been achieved, including the completion of early civil works and the arrival of overseas equipment. The project is on schedule, with on-site commissioning expected next quarter, pending the receipt of remaining equipment. This development positions Renascor as a significant player in the critical minerals sector, with potential advantages in the PSG market.
More about Renascor Resources Limited
Renascor Resources Limited is a company focused on developing a vertically integrated Battery Anode Material (BAM) operation in South Australia. The BAM project includes an upstream graphite mining and processing operation and a downstream facility to convert graphite concentrate into Purified Spherical Graphite (PSG) for lithium-ion battery anode manufacturers.
Average Trading Volume: 2,565,573
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$165.3M
Learn more about RNU stock on TipRanks’ Stock Analysis page.