Ann: Renascor Investor Webinar Presentation, page-34

Chris (MIN) explained at the annual shareholders meeting that: Downstream processing in Australia is prohibitively expensive compared to overseas competitors.
•RNU requires a $1 billion CAPEX investment.•Graphite prices remain at a 10-year low, even as the EV revolution has gained momentum.
•No major investors have committed to $RNU, highlighting broader concerns.
•SYR remains idle despite significant expansion capacity.
•RIO recently increased its stake in SVM to 20%, positioning it to potentially become one of the world’s largest graphite mines.
•A lack of management experience in mine construction further complicates RNU’s prospects.