Renascor Resources Limited (AU:RNU) has released an update.
Renascor Resources Limited has secured a A$185 million loan from the Australian Government’s Critical Minerals Facility to accelerate the construction of their Battery Anode Material Project in South Australia. The company has also finalized an Indigenous Land Use Agreement in the region and is upgrading local power infrastructure to support the project. Renascor is advancing its engineering designs and negotiating binding offtake agreements, supported by a robust cash position of A$114 million as of March 2024.
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