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Renascor Resources: Signs MoU with Chinese anode manufacturer

September 29, 2020

Renascor Resources (RNU) has signed its first memorandum of understanding (MoU) to supply purified spherical graphite (PSG)
The 10-year deal signed with Chinese anode manufacturer, Minguang New Material
Renascor will supply up to 10,000 tonnes per annum of purified spherical graphite from its planned battery anode material operation in South Australia
Renascor is combining its Siviour Graphite Project with a downstream processing operation to produce PSG for lithium-ion battery anodes
This expected to meet the growing demand for lithium-ion battery anodes over the next 10 years
Company shares are up a healthy 27.3 per cent and are trading for 1.4 cents in early morning trade