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An announcement from Renascor Resources Limited ( (AU:RNU) ) is now available.
Renascor Resources Limited announced the achievement of significant milestones in the development of its Purified Spherical Graphite (PSG) demonstration facility, co-funded by a $5 million Australian Government grant. The company has secured a site in South Australia, completed initial graphite concentrate production, and advanced the engineering design for the demonstration plant, with commissioning expected in Q3 2025. This progress aims to position Renascor as a competitive alternative to China’s dominance in PSG production, enhancing its strategic market positioning and potential impact on stakeholders.
More about Renascor Resources Limited
Renascor Resources Limited is engaged in the development of a vertically integrated Battery Anode Material (BAM) operation in South Australia. The company focuses on upstream graphite mining and processing, alongside a downstream facility that converts graphite concentrate into Purified Spherical Graphite (PSG) for export to lithium-ion battery anode manufacturers.
YTD Price Performance: -5.00%
Average Trading Volume: 2,669,039
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$144.9M
See more insights into RNU stock on TipRanks’ Stock Analysis page.
