Australia's Renascor Resources rises on battery-grade graphite milestone

Renascor Resources

07/10/2026 03:23

** Shares of Australia's Renascor Resources RNU.AX rise 3.6% to A$0.057, hitting their highest level since September 28
** Stock set for its best day since September 4, if gains hold  
** The company, focused on developing economically viable mineral deposits, says it has produced battery-grade purified spherical graphite (PSG) at its Adelaide demonstration plant, achieving 99.97% carbon purity
** Company says the milestone supports customer engagement activities, including discussions with potential offtake partners
** Renascor's concerned demonstration plant constructed with support from grant under Australia's International Partnerships In Critical Minerals Programme 
** YTD, Renascor stock down over 28% 
     

 (Reporting by Shruti Agarwal in Bengaluru)
 ((Shruti.Agarwal@thomsonreuters.com;))