So Renascor (RNU) has provided an update on their project, which is just south of ITM's graphite prospects. A few interesting things in there:
- Spherical graphite prices are up 40% in the last 6 months, with the raw material "-194 mesh (a common feedstock for PSG)" up 48% for the same period.
- They have continued offtake discussions with parties from Korea, Japan and China for volumes far in excess of their initial capacity
- "Locked cycle purification trials undertaken by leading German independent battery mineral consultancy group Dorfner ANZAPLAN that confirmed that the ability to meet or exceed lithiumion battery anode purity specifications, with results of up to 99.99% C, with no impurities detected above acceptable anode customer specifications" This is the same party that are looking at ITM's
There are a number of other factors they have raised which are more specific to RNU (have a read), but an interesting landscape for ITM nonetheless.
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