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Renascor Resources Limited ( (AU:RNU) ) has shared an announcement.
Renascor Resources Limited has announced significant progress in the development of its Purified Spherical Graphite (PSG) demonstration facility in Adelaide, South Australia, co-funded by a $5 million grant from the Australian Government. The company has completed major site preparations, awarded the primary installation contract, and successfully tested overseas equipment, with construction set to begin next month. This facility aims to optimize Renascor’s HF-free purification process, positioning the company as a strategic supplier of high-purity battery anode material, providing a competitive alternative to China’s PSG production monopoly.
More about Renascor Resources Limited
Renascor Resources Limited is engaged in the development of a vertically integrated Battery Anode Material operation in South Australia. This project includes an upstream graphite mining and processing operation and a downstream facility to convert graphite concentrate into Purified Spherical Graphite (PSG) for export to lithium-ion battery anode manufacturers.
Average Trading Volume: 2,804,929
Technical Sentiment Signal: Sell
Current Market Cap: A$167.8M
See more data about RNU stock on TipRanks’ Stock Analysis page.