Avenira Limited

Operational and Financial Update

Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide the following update in relation to the Company’s operations and finances.


Capital Raising

Avenira has completed the capital raising announced on 18 March 2024 to raise gross proceeds of $1.251 million and net proceeds to AEV of $1.193 million (Capital Raising).

Advanced Lithium Electrochemistry Ltd (“Aleees”)

The Company provides the following update with respect to the Licence and Technology Transfer Agreement entered into between Avenira and Aleees on 26 September 2023 (Licence Agreement).

Aleees and Avenira have agreed to the deferral of the two remaining USD$750,000 tranches owing under the Licence Agreement until 1 January 2025 and 1 April 2025.

Avenira and Aleees have made no changes to the Licence Agreement other than the deferral of the tranche payment dates referred to above, and there are no new or additional obligations on Avenira as a result of the payment deferrals agreed with Aleees.

The deferral of the Aleees payments has no impact on any current work being undertaken in relation to the Licence Agreement and will not impact any future work programs between Avenira and Aleees.

Reinstatement to Quotation

Avenira confirms that it is in compliance with the ASX Listing Rules and is not aware of any reason for its securities not to be reinstated to quotation.

Avenira confirms that, following the completion of the Capital Raising, it has sufficient working capital to carry out its business objectives referred to below.

In the opinion of the directors there are reasonable grounds to believe that Avenira will be able to pay its debts as and when they become due and payable.


Click here for the full ASX Release

This article includes content from Avenira Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AEV:AU
The Conversation (0)
Wonarah Mine Management Plan Approved by the NT Government

Wonarah Mine Management Plan Approved by the NT Government

Avenira Limited (AEV:AU) has announced Wonarah Mine Management Plan Approved by the NT GovernmentDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Avenira Limited (AEV:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Investment from Sichuan Hebang Biotechnology

Investment from Sichuan Hebang Biotechnology

Avenira Limited (AEV:AU) has announced Investment from Sichuan Hebang BiotechnologyDownload the PDF here. Keep Reading...
Termination of Aleees License and Technology Agreement

Termination of Aleees License and Technology Agreement

Avenira Limited (AEV:AU) has announced Termination of Aleees License and Technology AgreementDownload the PDF here. Keep Reading...
Lithium-ion batteries and wires with lithium periodic symbol and rocks on a dark surface.

PMET Releases Lithium-Only Feasibility Study for Shaakichiuwaanaan in Québec

PMET Resources (ASX:PMT, TSX:PMET,OTCQX:PMETF) has completed a lithium-only feasibility study on the CV5 deposit of its Shaakichiuwaanaan lithium project in Northern Québec. The company said the feasibility study confirms the project is a large-scale and long-life operation, with CV5’s probable... Keep Reading...
Glowing blue neon outline of three batteries with lightning symbols.

Lithium Market Update: Q3 2025 in Review

Volatility punctuated the global lithium market during the third quarter of 2025, with prices, supply/demand dynamics and geopolitics converging to reshape the landscape. After slipping to a four year low at the end of June, benchmark lithium carbonate prices rallied through July to reach an 11... Keep Reading...
Argentina Lithium & Energy Corp. (TSXV:LIT)

Argentina Lithium & Energy Corp. Announces Initial Mineral Resource Estimate at the Rincon West Lithium Project

TSX Venture Exchange (TSX-V): LITFrankfurt Stock Exchange (FSE): OAY3OTCQX Venture Market: LILIF Argentina Lithium & Energy Corp. (TSX-V: LIT, FSE: OAY3, OTCQX: LILIF), ("Argentina Lithium" or the "Company") is pleased to announce the results of the first Mineral Resource estimate ("MRE") for... Keep Reading...
Electric car and manufacturing efficiency concept.

Vertical Integration: The New Lithium Supply Chain Dynamic and What it Means for Investors

When the US government announced it would take a 5 percent equity stake in Vancouver-based Lithium Americas (TSX:LAC,NYSE:LAC), the move underscored a seismic shift underway in the lithium industry. This significant federal backing, tied to the company’s massive Thacker Pass project in Nevada... Keep Reading...
Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth

Successful A$4.5M Placement to Accelerate Battery, REE and Solar Panel Recycling Growth

Livium Ltd (ASX: LIT) (“Livium” or the “Company”) is pleased to announce it has received firm commitments from new and existing, institutional and sophisticated investors to raise $4.5m (“Placement”) before costs. HighlightsFirm commitments of A$4.5m received from institutional and sophisticated... Keep Reading...

Latest Press Releases

Related News