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Renascor Resources Advances PSG Demonstration Facility in South Australia

Story Highlights
  • Renascor Resources is developing a Battery Anode Material operation in South Australia.
  • Renascor progresses on its PSG facility, aiming to challenge China’s production monopoly.
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Renascor Resources Advances PSG Demonstration Facility in South Australia

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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.

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