Australia's Renascor Resources surges on 'major project status' to Siviour operations

Renascor Resources

15/09/2021 07:04

** Shares of Australian miner Renascor Resources  RNU.AX 
climb as much as 28.85% to A$0.168, biggest intraday jump since
March 17     
    ** Co says Australia's Minister for Industry, Science and
Technology Christian Porter, awarded "Major Project Status" to
co's planned Siviour Battery Anode Material operation in South
Australia  urn:newsml:reuters.com:*:nASXhWqv0 
    ** Siviour project has potential to generate around A$260
million ($190.42 million) a year in export revenue - Australian
Minister for Resources and Water Keith Pitt 
    ** Stock price hits highest since March 26
    ** About 46 mln shares have been traded vs 30-day average of
about 24 mln shares 
    ** RNU's stock has gained almost tenfold in value this year
as of last close 
 

($1 = 1.3654 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))