It was only a few weeks ago that Honda announced a strategic partnership for a stable procurement of essential metals from Hanwa, citing of all things, Hanwa’s ‘strengths in the field of resource procurement’. If we can say that Hanwa and Honda are now joined at the hip, therefore it stands to reason that we can equally say that Renascor is 'inseparable' to this procurement agreement!
With the weight of the global electrification thematic bearing down on us, securing critical minerals in sovereign-trusted locations and the looming graphite shortage has become a priority for all concerned. Therefore, unique Tier1 projects like ours are poised to capitalise. And for reasons such as follows:The bottom line is that there's a lot news and clean air coming between us and what our true value could be.
- Renascor's competitive economics (if not the best) for a complete 100% Australian project going from mine to downstream to produce PSG supply and shipped off to market from a nearby working port.
- high ESG credentials and track record
- EFA gov-back financing support, also, state-gov and local-gov support
- well-advanced with regulatory approvals for PEPR
- BAM study update: infill drilling which has expanded the resource by additional 17% and 14% increase, will clearly optimise the BAM study which is due shortly. This will consider a much larger increase of 60,000 tonnes of PSG offtake sales from their state-of-the-art facility located next to the working port.
- potential offtake movement with existing and other leading anode companies, including POSCO, and Hanwa’s unique position with Honda.
- Expanding the resource: Renascor is drilling right now to expand its resource (presumably to capture the additional offtakers who missed out on the first MOU rounds).
All IMO, DYOR, GLTA(patient)H
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