Renascor Resources Limited (AU:RNU) has released an update.
Renascor Resources Limited secured a A$185 million loan from the Australian Government’s Critical Minerals Facility to fast-track the Siviour Graphite Concentrate Operation in South Australia. The project, which includes one of the world’s largest graphite deposits, aims to supply refined graphite products for the electric vehicle battery market. Renascor’s Managing Director expressed confidence in the opportunity for Australia to become a leading supplier in the lithium-ion battery supply chain.
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