RNU advances battery-grade PSG validation and copper, uranium drilling plans
RNU reports battery-grade PSG validation at its Siviour project and near-term copper and uranium drilling at Flat Hill and Mulgaria. Source: TradingView.
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what happened
According to TradingView, RNU reported progress at its integrated Siviour project, which aims to provide low-cost PSG (purified spherical graphite) supply from outside China. Demonstration trials produced 99.97% C material. Offtake and financing work continues, and the project has not yet reached its final investment decision (FID).
Separately, the Flat Hill and Mulgaria prospects are near-term drilling targets for copper and uranium. Timing depends on securing access approvals for the sites.
why it matters
The news matters for investors tracking battery graphite supply outside China, since successful validation and contracts could shape expectations for the project. It remains early stage, as financing, offtake agreements and site access are not yet confirmed.
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sources
- RNU: Battery-grade PSG validation and near-term copper and uranium drilling targets advance — TradingView, 26 October 2026 at 23:44 UTC
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