General Discussions, page-30039

This part of the budget is one of those things that might have major positive implications to the future of the company.

A significant backing from the Government (enough perhaps to cover a significant portion of the processing facility?) is just another one of those buttresses that is impossible to ignore.

We saw recently with ARU what the Government was willing to commit to ensure the success of projects in the Critical Minerals space. We can speculate all day on the specifics but I believe without a doubt that RNU is going to see significant funding from the Federal Government to ensure that Renascor becomes a global leader in Graphite and a poster child for the Federal Government and Australian Minerals abroad.

Such an investment also sends strong signals to those who might be waiting in the wings to see where the chips are falling before making a decision to invest themselves. It gives DC yet another Ace up the sleeve in negotiations.