Ann: Ministerial Approval for Battery Anode Material Facility, page-17

Agreed. Sometimes a simple congratulations to everyone involved is all that needs to be said.

Anode players have certainty. South Australia is open for business and reaching for the skies, literally: Yesterday's government skyscraper approval.

The entire BAM project, which is blessed to be situated in a sovereign-trust country, Australia, has received full approvals for both the upstream (mine) and downstream (purified spherical graphite) processing facilities. With the G7 meeting this weekend to discuss clean energy, the shift to decarbonisation, and the effects on the environment, society, and governance (ESG), the timing of this couldn't be more perfect.

Add to that, RNU will be a low quartile OPEX operation, state and federal funds for an in-country steelwork industry at Whyalla near RNU's resource, Albanese's critical minerals stockpile, and other state and federal tax breaks and incentives that not many countries can match, with the exception of the opaque Chinese government, we can truly say that Renascor is a solid company on the make.

A wonder milestone!

All IMO, DYOR, GLTA(patient)H

PS. @TongTong It is not uncommon for governments to issue approvals late in the evenings or out of hours. RNU subsequently requires time to compile the announcement the following day. Consequently, a halt is frequently observed in such circumstances.