Avenira Limited (AU:AEV) has released an update.
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Avenira Limited has recently completed a successful capital raise, securing $1.251 million in gross proceeds and has fully repaid its convertible loan, strengthening its financial position. The company continues to advance its Yellow Phosphorus and Lithium Ferro Phosphate projects, with a scoping study underway for the former and sustained demand for the latter, which is expected to grow significantly in market share by 2033. Furthermore, Avenira has deferred payment tranches with Aleees until 2025, allowing continued progress without financial strain.
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