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Renascor Resources Limited ( (AU:RNU) ) has shared an update.
Renascor Resources Limited announced the release of 393,868 ordinary shares from voluntary escrow on February 27, 2025. These shares were issued to the Barngarla Determination Aboriginal Corporation as part of the Indigenous Land Use Agreement. This release aligns with Renascor’s ongoing efforts to solidify partnerships and maintain its strategic position in the graphite supply chain, which could enhance stakeholder confidence and operational stability.
More about Renascor Resources Limited
Renascor Resources Limited is developing a vertically integrated Battery Anode Material (BAM) project in South Australia, which includes the Siviour Graphite Deposit, the world’s second-largest Proven Reserve of Graphite. The project involves a graphite mine and processing operation, and a facility to convert graphite into Purified Spherical Graphite for lithium-ion battery anode manufacturers.
YTD Price Performance: -13.33%
Average Trading Volume: 2,295,833
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$132.2M
Learn more about RNU stock on TipRanks’ Stock Analysis page.
