Avenira Limited (AU:AEV) has released an update.
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Avenira Limited has reported progress in its key projects, including a payment deferral agreement with Aleees for two tranches totaling $1.5 million, a strategic $4.5 million investment from major shareholder Hebang with rights to appoint board members, and continued collaboration with the NT Government and Aleees on a Lithium Ferro Phosphate (LFP) battery manufacturing project. Additionally, the company is jointly conducting a scoping study with Hebang for a yellow phosphorus plant, and minimal activities were carried out at the Jundee South Gold Project during the quarter.
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