Australia's Renascor sees best day in a month on higher spherical graphite yield

Renascor Resources

26/11/2021 02:05

** Shares of Australian miner Renascor Resources  RNU.AX 
climb as much as 8.7% to A$0.125, eyeing their best day since
Oct 26
    ** Co announces that the commercial-scale testing delivered
spherical graphite yields in excess of 60% compared to 50% yield
assumed for in co's battery anode material study  urn:newsml:reuters.com:*:nASX9BmqHk
    ** Adds that co's spherical graphite purification process
confirmed the ability to exceed specifications with 99.99%
purification against industry standard of 99.95%
    ** Purified Spherical Graphite (PSG) is used as the battery
anode material under in lithium ion batteries
    ** Stock has risen by over 9 times this year, as of last
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 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))