FinTechFunding

Renascor Resources: Signs MoU with Chinese anode manufacturer

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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