- 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
