General Discussions, page-21113

Over a year ago, the federal government through the Export Finance Australia (EFA), selected Renascor as the first recipient for a whooping $185m support loan. This came out of the blue!

Now, a year on, RNU’s recent achievements and the strong global outlook for the supply of secure raw materials remain irrespective of any short-term economic conditions. The message is clear, battery materials are here to stay and tier1 advanced and securely located projects that have the capabilities to meet exponential demand will be highly desirable. Hence, our prioritised funding support to make us a highly attractive proposition for international players.

So, last week when Renascor met up with our partner Hanwa and the SA Minister for Trade and Investment, it seemed that something may have transpired, Post #: 66808521 Why? Because DC has already made several trips over the years to see them and likewise Hanwa (Honda’s procurement arm) have made at lease one trip to Australia. Also, given that this is their first meeting together since our 'PEPR approval’, it seemed unlikely to be just another marketing exercise.

We are at a remarkable time in human history. The seismic shift to electric energy is unfolding. Like our $185m EFA loan, it seems most likely that anything could happen and it’s most likely to come ‘out of the blue’.

Meanwhile, it's a great place to be parked!

All IMO, DYOR, GLTA(patient)H