- Write by:
-
Friday, September 18, 2020 - 12:53:12 PM
-
425 Visit
-
Print
Mining News Pro - Graphite developer Renascor Resources will raise A$3.6-million to fund work streams at its Siviour battery anode materials project and at its Carnding gold project, in South Australia.
More than 324.8-million shares will be issued at a price of 1.1c each, along with one free attaching option with an exercise price of 2c each and a two-year expiry date.
The placement will be conducted under Renascor’s existing placement capacity, and will not require shareholder approval.
“This placement ensures the continued advancement of Renascor’s Siviour battery anode material project through the next stage of financing and offtake milestones, and also will enable meaningful technical progress on the Carnding gold project located in the highly prospective Central Gawler Craton,” said Renascor MD David Christensen.
“Despite the uncertainties created by Coivd-19, we are confident in the longer term demand for lithium-ion battery anode materials such as the purified spherical graphite we will produce from Siviour. Additionally, we are excited to now be able to move ahead with a greater depth and breadth of exploration and development at Carnding.”According to Mining News Pro -
Short Link:
https://www.miningnews.ir/En/News/601182
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
Gold took a tumble as haven demand waned after geopolitical tensions eased in the Middle East.
No comments have been posted yet ...