Renascor Resources receives $185m loan facility to fund Siviour graphite development

Small Caps04-17

Export Finance Australia (EFA) has approved a $185 million loan facility to Renascor Resources (ASX: RNU) for the fast-tracked construction of a vertically-integrated battery anode material (BAM) ...

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class=\"title\">\nRenascor Resources receives $185m loan facility to fund Siviour graphite development\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-17 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/renascor-resources-loan-facility-siviour-graphite-development/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Export Finance Australia (EFA) has approved a $185 million loan facility to Renascor Resources (ASX: RNU) for the fast-tracked construction of a vertically-integrated battery anode material (BAM) ...</p>\n\n<a href=\"https://smallcaps.com.au/renascor-resources-loan-facility-siviour-graphite-development/\">Source 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term facility and a $35m overrun facility to support any unforeseen increases in capital costs.The loan facility was arranged by BurnVoir Corporate Finance and was approved under the federal government’s $4 billion critical minerals facility.The funds will be used for accelerated development of the upstream graphite mine and plant thatwill manufacture purified spherical graphite using Renascor’s eco-friendly processes.Renascor managing director David Christensen said the approval would give the company an “early-mover advantage.”“We are fortunate to have a large world-class asset in Siviour and the support from the Australian government and EFA is testament to the gravity of our opportunity to become a world-leadi","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4581":"高盛持仓","XKO.AU":"标普/澳交所 300指数","EFA":"欧澳远东指数 ETF-iShares MSCI","BK4588":"碎股","BK4504":"桥水持仓","BAM":"布鲁克菲尔德资产管理","BK7083":"煤与消费用燃料","BK4135":"资产管理与托管银行","BK7095":"多种金属与采矿","XAO.AU":"标普/澳交所 普通股指数","RNU.AU":"RENASCOR RESOURCES LTD","XJO.AU":"标普/澳交所 200指数"},"translate_title":"Renascor Resources获得1.85亿美元贷款，资助Siviour石墨开发","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAM":1,"EFA":1,"RNU.AU":1,"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Export Finance Australia (EFA) has approved a $185 million loan facility to Renascor Resources (ASX: RNU) for the fast-tracked construction of a vertically-integrated battery anode material (BAM) manufacturing facility at the Siviour graphite project in South Australia.\nThe loan comprises a $150m term facility and a $35m overrun facility to support any unforeseen increases in capital costs.\nDrawdown will be subject to a number of conditions including completion of all due diligence to the satisfaction of EFA.\nThe loan facility was arranged by BurnVoir Corporate Finance and was approved under the federal government’s $4 billion critical minerals facility.\nThe funds will be used for accelerated development of the upstream graphite mine and plant that will manufacture purified spherical graphite using Renascor’s eco-friendly processes.\n‘Early-mover advantage’\nRenascor managing director David Christensen said the approval would give the company an “early-mover advantage.”\n“Our phased development strategy allows us to enter the market with a reliable supply of natural graphite concentrates from Australia, generating early cash flows and accelerating the production of graphite concentrates,” he said.\n“We are fortunate to have a large world-class asset in Siviour and the support from the Australian government and EFA is testament to the gravity of our opportunity to become a world-leading supplier of graphite into the lithium-ion battery supply chain.”\nMassive deposit\nRenascor’s BAM project is based around the Siviour graphite deposit, which is the world’s second largest proven graphite reserve and the largest outside of Africa.\nThe project will be built around a conventional open-pit mine and processing plant which utilises a crush-grind-float circuit.\nIt is expected to deliver world-class operating costs over a 40-year mine life due to the favourable geology and geometry of the deposit.\nThe BAM facility will convert graphite concentrate to purified spherical graphite for export to lithium-ion battery anode manufacturers.\nMr Christensen said the company was progressing advanced engineering designs for the plant and non-processing infrastructure.\nIt is also discussing binding offtake terms with existing partners and other battery-anode market participants.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428935529"}