Australia's Renascor jumps on securing site to produce lithium battery material

Renascor Resources

20/09/2022 06:36

** Shares of miner Renascor Resources Ltd  RNU.AX  jump as
much as 7% to A$0.23, on track for best day since Sept 14
    ** RNU says it has secured a site for its battery anode
material facility to produce purified spherical graphite (PSG) –
a key material in the manufacture of lithium-ion batteries
 urn:newsml:reuters.com:*:nASX4kzDYl
    ** Says co secured site with initial lease options for 40
years over the site north of Adelaide in Bolivar, South
Australia, from South Australian Government-owned utility SA
Water 
    ** Stock up 43.3% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))