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Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to provide a further update on the progress of construction activities at its 100% owned Hombre Muerto West (HMW) Phase 1 lithium brine project, with lithium chloride production expected in H1 2025.
Project Highlights:
- Initial filling of Pond 1 commences at HMW Project
- Evaporation process to commence within two weeks (after completion of quality test); the first major step of the long-term production schedule
- Pond 1 liner installation rapidly moving forward (40% completion)
- Pond 2 earthworks construction progressing well (20% completion)
- The HMW Project is a tier one project that will produce a premium high grade lithium chloride (LiCl) concentrate of 6% Li, comparable to 13% Li2O or 32% Lithium Carbonate Equivalent (LCE) in H1 2025
- Low all-in sustaining costs; HMW in the 1st quartile of lithium industry’s cost curve
- Operating cost of $US3,510/t LCE equates to a low Li2O equivalent operating cost of SC6 $US310/t-$US350/t
- Updated resource estimate due in Q1 2024
- Glencore due diligence site visit later this week
Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:
“Our experienced project team have been implementing a quicker route to start evaporation while construction continues for HMW Phase 1. We are taking advantage of the summer season whereby a buffer wall has been installed at the one third mark of Pond 1. The commencement of the filling of Pond 1 is another significant major milestone for the HMW project and I congratulate the entire Galan team. The initial partial evaporation process will commence in approximately 14 days with the full fill of Pond 1 remaining on track for Q1 2024.”
As previously announced, the HMW project was separated into four production phases. The initial Phase 1 Definitive Feasibility Study (DFS) focused on the production of 5.4ktpa LCE of a lithium chloride concentrate by H1 2025, as governed by the approved production permits. The Phase 2 DFS targets 21ktpa LCE of a lithium chloride concentrate in 2026, followed by Phase 3 production of 40ktpa LCE by 2028 and finally a Phase 4 production target of 60ktpa LCE by 2030. Phase 4 will include lithium brine sourced from both HMW and Galan’s other 100% owned project in Argentina, Candelas. The very positive Phase 2 DFS results were announced on 3 October 2023 (https://wcsecure.weblink.com.au/pdf/GLN/02720109.pdf).
Filling of Pond 1 commences
The liner installation process on Pond 1
The overall progression of liner installation on Pond 1
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This article includes content from Galan Lithium, 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.
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Galan Lithium
Overview
Argentina is no stranger to lithium mining. The South American nation is one of three encompassed in the prolific Lithium Triangle, a region that holds more than half of the world’s lithium deposits. Argentina ranks third in the world in terms of lithium reserves at 2.7 million metric tons (MT), concentrating lithium operations in the provinces of Jujuy, Salta and Catamarca.
Amidst electrification and decarbonization, analysts have forecasted a global supply deficit of 89,000 tons of lithium carbonate equivalent (LCE) in 2023 and the Argentinian government aims to double down on lithium to meet the increasing demand. Argentina has committed to $7 billion worth of investment for lithium production with strong growth projected for exports at $1.1 billion in 2023.
Galan Lithium (ASX:GLN,FSX:9CH) is an Australia-based international mining development company focused on its high-quality lithium brine projects in Argentina – Hombre Muerto West and Candelas. The company also holds a highly prospective lithium project in Australia – Greenbushes South.
The company’s flagship Hombre Muerto West (HMW) project hosts some of Argentina’s highest grade and lowest impurity levels with an inventory of 8.6 million tons (Mt) contained LCE @ 859 mg/L lithium, with 4.7 Mt contained LCE @ 866 mg/L Li in the measured category. The 100-percent-owned property also leverages close proximity to Livent Corporation’s El Fenix operation and Allkem’s Sal de Vida projects.
Galan has signed a commercial agreement with the Catamarca Government supporting the grant of permits to enable the commercialisation of lithium chloride concentrate from HMW to be sold locally or exported internationally.
In August 2024, Galan entered into a memorandum of understanding with Chengdu Chemphys Chemical Industry Co. for a prepayment offtake agreement pertaining to the HMW project. Once a definitive agreement is executed, Chemphys will purchase a total of 23,000 tonnes lithium carbonate equivalent, as a lithium chloride product, over the first five years of production from Phase 1 of the HMW project. Chemphys will also provide Galan with a US$40 million offtake prepayment facility to facilitate the continued development of Phase 1 of the HMW project.
Catamarca Governor Raúl Jalil and Galan Lithium Managing Director Juan Pablo Vargas de la Vega in Catamarca.
Galan’s secondary Candelas project comprises a sizable valley-filled channel with a potential indicated presence of substantially high-volume brine characteristics. The project’s maiden resource estimates stand upwards of 685 kilotons (kt) LCE, based on surveying from October 2019, and demonstrate exceptional discovery opportunities across this underexplored asset. Candelas has been rolled into Phase 4 of Galan’s targeted expansion plans, towards 60 ktpa LCE production by 2030.
Galan’s 100-percent-owned Greenbushes South Project is located in Western Australia and boasts advantageous positioning 3 kilometers south of the prolific Greenbushes lithium mine owned by Talison, Tianqi, IGO and Albermarle. Drilling of the first target was completed in July 2023. Galan is currently developing land access agreements for future drilling campaigns at Greenbushes South. An exploration license has been granted to the company for an additional key tenement, E70/4629 targeting lithium-bearing pegmatites for five years to February 2029. The tenement is approximately 260 kilometres south of Perth, the capital of Western Australia, and less than 30 kilometres south of the Greenbushes pegmatite at the Greenbushes Mine.
In 2023, Galan entered into an exclusive binding agreement with Redstone Resources to acquire 100 percent of the Camaro-Taiga-Hellcat property blocks from Infinity Stone Ventures (CSE:GEMS,GEMSF,FSE:B2I). The assets are located in the world-class James Bay Lithium Province in Quebec, collectively covering 5,187 hectares. The joint venture also includes an option to acquire 100 percent of the PAK East and PAK Southeast Lithium Project, spanning 1,415 hectares in Ontario’s Electric Avenue near Frontier Lithium’s PAK Lithium Project.
Galan has a highly experienced management team with over a century of professional expertise in the resource, finance and energy sectors. This results-oriented board and their vested interest in the company's success prime Galan for exceptional discovery potential and advanced development of its high-quality projects.
Company Highlights
- Galan Lithium is an ASX-listed company developing lithium brine projects within South America’s lithium triangle on the Hombre Muerto salar in Argentina.
- The company has two high-quality projects in the works: its flagship Hombre Muerto West (HMW) and the Candelas lithium project, both in Argentina. The two projects combined bring the company’s current total mineral resource estimate to 8.6 million tons lithium carbonate equivalent @ 859 mg/L lithium.
- HMW leverages advantageous positioning near notable mining operations, including Livent Corporation’s El Felix project and hosts exceptional high-grade lithium and low impurity resources.
- The HMW Phase 1 (5.4 ktpa LCE) execution plan is progressing well with the delivery of the first evaporation-ready pond expected in 2024, and production in H1 2025.
- The HMW Phase 2 definitive feasibility study (DFS) delivers compelling economics with 21 kilo-tons per annum (ktpa) lithium carbonate equivalent (LCE) operation at HMW, targeting a high-quality, 6 percent concentrated lithium chloride product (equivalent to 12.9 percent lithium oxide or 31.9 percent LCE) in 2026.
- Galan has signed a commercial agreement with the Catamarca Government enabling the commercialisation of lithium chloride concentrate from HMW to be sold locally or exported internationally.
- Galan is transitioning into a major lithium project developer and remains committed to conducting fast-tracked lithium development in its prolific projects with a target production of 60 ktpa LCE from HMW and Candelas by 2030.
Key Projects
Hombre Muerto West Project
The 100-percent-owned Hombre Muerto West project is a large land property that sits on the west coast of the Hombre Muerto salar in Argentina, the second-best salar in the world for the production of lithium from brines. The property also leverages strategic positioning adjacent to notable competitors like Livent to the east.
Galan has increased HMW’s mineral resource to 8.6 Mt contained LCE @ 859 mg/L lithium (previously 7.3 Mt LCE @852 mg/L lithium), one of the highest grade resource estimates declared in Argentina. HMW’s measured resource is now at 4.7 Mt contained LCE @ 866mg/L lithium. Inclusion of the Catalina tenure adds ~1.3 Mt LCE to the HMW resource.
The pilot plant at HMW has validated the production of lithium chlorine concentrate, adding reagents to eliminate impurities, and generating a concentrate at 6 percent lithium. The plant comprises pre-concentration ponds, a lime plant, a filter press and concentration ponds.
Pilot Plant at HMW
Construction for Phase I has already commenced for 5.4 ktpa LCE production at HMW, and aims to deliver lithium chloride production in H1 2025. The fourth long-term pumping test (PBRS-03-23) results at HMW record an outstanding lithium mean grade of 981 mg/L - the highest reported grade from a production well in the Hombre Muerto Salar.
In April 2024, Galan announced 33 percent project completion with pond construction at 45 percent and project execution is advancing as planned.
A definitive feasibility study (DFS) for phase 2 shows a 20.85 ktpa LCE operation at HMW, targeting high-quality, 6 percent concentrated lithium chloride product (equivalent to 12.9 percent lithium oxide or 31.9 percent LCE) in 2026. The DFS also indicated phase 2 will deliver a post-tax NPV (8 percent) of US$2 billion, IRR of 43 percent and free cash flow of US$236 million per year. Phase 2 provides an exceptional foundation for significant economic upside in phases 3 and 4, targeting 60 ktpa LCE production by 2030.
The company has signed a binding term sheet with a wholly owned subsidiary of Glencore for offtake of up to 100 percent of its premium lithium chloride concentrate from HMW, and the offer to provide or facilitate a secured financing prepayment facility for US$70 to US$100 million, subject to conditions precedent being met.
Galan also entered into a memorandum of understanding with Chengdu Chemphys Chemical Industry Co. for a prepayment offtake agreement. Once a definitive agreement is executed, Chemphys will purchase a total of 23,000 tonnes lithium carbonate equivalent, as a lithium chloride product, over the first five years of production from Phase 1 of the HMW project. Chemphys will also provide Galan with a US$40 million offtake prepayment facility to facilitate the continued development of the HMW project.
Galan is targeting first-phase HMW lithium concentrate production in H1 2025
Galan now has 100 percent full ownership of the Catalina tenement that borders the Catamarca and Salta Provinces in Argentina. The newly secured Catalina tenure has a strong potential to significantly add to the existing HMW resource. The tenure also covers the Catalina, Rana de Sal II, Rana de Sal III, Pucara del Salar, Deseo I and Deceo II tenements.
Greenbushes South Lithium Project
The 100-percent-owned Greenbushes South lithium project is located near Perth, Western Australia, and is three kilometers south of the world-class Greenbushes lithium mine, managed by Talison Lithium. The Greenbushes South tenements can be found along the Donnybrook-Bridgetown Shear Zone geologic structure, which hosts the lithium-bearing pegmatites at the Greenbushes Lithium Mine.
Greenbushes South covers nearly 315 square kilometers, and hosts elevated pathfinder elements with well-defined anomalies adjacent to the property.
Management Team
Richard Homsany - Non-executive Chairman
Richard Homsany is an experienced corporate lawyer and has extensive board and operational experience in the resources and energy sectors. He is the executive chairman of ASX-listed uranium exploration and development company Toro Energy Limited, executive vice-president of Australia of TSX-listed uranium exploration company Mega Uranium and the principal of Cardinals Lawyers and Consultants, a boutique corporate and energy & resources law firm. He is also the chairman of the Health Insurance Fund of Australia (HIF) and listed Redstone Resources and Central Iron Ore and is a non-executive director of Brookside Energy Homsany’s past career includes time working at the Minera Alumbrera Copper and Gold mine located in the Catamarca Province, northwest Argentina.
Juan Pablo (‘JP’) Vargas de la Vega - Founder and Managing Director
Juan Pablo Vargas de la Vega is a Chilean/Australian mineral industry professional with 20 years of broad experience in ASX mining companies, stockbroking and private equity firms. JP founded Galan in late 2017. He has been a specialist lithium analyst in Australia, has also operated a private copper business in Chile and worked for BHP, Rio Tinto and Codelco.
Daniel Jimenez - Non-executive Director
Daniel Jimenez is a civil and industrial engineer and has worked for a world leader in the lithium industry, Sociedad Química y Minera de Chile, for over 28 years. He was the vice-president of sales of lithium, iodine and industrial chemicals where he formulated the commercial strategy and marketing of SQM’s industrial products and was responsible for over US$900 million worth of estimated sales in 2018.
Terry Gardiner - Non-executive Director
Terry Gardiner has 25 years’ experience in capital markets, stockbroking and derivatives trading. Prior to that, he had many years of trading in equities and derivatives for his family accounts. He is currently a director of boutique stockbroking firm Barclay Wells, a non-executive director of Cazaly Resources, and non-executive chairman of Charger Metals NL. He also holds non-executive positions with other ASX-listed entities.
María Claudia Pohl Ibáñez - Non-executive Director
María Claudia Pohl Ibáñez is an industrial civil industrial engineer with extensive experience in the lithium production industry. Until recently, she worked for world leader in the lithium industry Sociedad Química y Minera de Chile (NYSE:SQM, Santiago Stock Exchange:SQM-A, SQM-B) for 23 years, based in Santiago, Chile. During her time at SQM, she held numerous senior leadership roles including overseeing lithium planning and studies. Ibáñez brings significant lithium project evaluation and operational experience whilst joining the board at a critical juncture in Galan’s journey to becoming a significant South American lithium producer. Since leaving SQM in late 2021, Ibáñez has been managing partner and general manager of Chile-based Ad-Infinitum, a process engineering consultancy, with a specific focus on lithium brine projects under study and development, and the associated project evaluations.
Ross Dinsdale - Chief Financial Officer
Ross Dinsdale has 18 years of extensive experience across capital markets, equity research, investment banking and executive roles in the natural resources sector. He has held positions with Goldman Sachs, Azure Capital and more recently he acted as CFO for Mallee Resources. He is a CFA charter holder, has a Bachelor of Commerce and holds a Graduate Diploma in Applied Finance.
Coniagas Battery Metals
Investor Insight
Its focus on the exploration and development of high-demand critical metals, supported by a sustainable proprietary processing technology, puts Coniagas Battery Metals in a strategic position to leverage the rapidly expanding battery metals market and increase shareholder value.
Overview
Coniagas Battery Metals (TSXV:COS) is a Canadian company focused on developing a world-class critical minerals project. The name Coniagas is an acronym for various symbols on the periodic table such as – cobalt (Co), nickel (Ni), silver (Ag), and arsenic (As). The company is formed from the spin-off of Nord Precious Metals’ (TSXV:NTH) Graal property in Quebec.
The company is focused on advancing the Graal nickel-copper-cobalt project towards production. Nearly 16,000 meters of diamond drilling (in addition to the 6,885 meters of historic drilling) has been completed at the project. The early-stage drill results have been encouraging, intersecting up to 1.12 percent nickel equivalent (or 2.28 percent copper equivalent) over 28.9 meters at depths of only 50 to 100 meters. The company plans to undertake an aggressive drilling program to expand the deposit area and deliver a maiden NI 43-101 resource report.
Coniagas is also planning to build a processing facility in Quebec utilizing its proprietary process known as Re-2Ox. It is a closed-loop hydrometallurgical process that extracts metals without any discharge or smelting, thereby exceeding environmental compliance standards. The processing facility will help Coniagas convert the mined minerals into battery-grade metals. In May 2024, Coniagas identified promising, offshore source material for evaluation and processing using its advanced Re-2Ox hydrometallurgical process. This is a significant step towards the company’s goal of establishing a full-scale production facility in Quebec.
The Graal project represents a potential new nickel mine in Quebec with several advantages. First, the nickel at Graal is contained in sulfides that are easier and cheaper to process into battery grade nickel than nickel in laterite deposits. Second, mining at Graal will be an open pit, which is very economical compared to other nickel sulfide deposits found deep underground. Third, the project will also generate substantial copper and cobalt as by-products that will improve the project’s economic viability and deliver a low-carbon, environmentally friendly supply of critical metals for the energy transition.
The project’s location in Quebec also presents several advantages. The province is a Tier 1 mining jurisdiction and ranked fifth in the world for investment attractiveness in the Fraser Institute’s 2023 survey. Furthermore, access to excellent infrastructure in terms of hydroelectricity, roads and ports is a huge positive.
The Graal project fits perfectly into the Canadian government’s Critical Minerals Strategy that aims to create domestic supply sources of critical minerals in the country. Currently, the supply of these critical minerals is dominated by countries such as China, Russia, Indonesia, Peru, Chile and Congo, which either have rising tensions with the West or are characterized by political instability. Graal is in a much safer jurisdiction and is ideally positioned to become a reliable supplier of clean energy metals.
The demand for critical minerals required for energy storage and electric vehicle applications is expected to grow by around 30 times between 2020 and 2040, according to a report by the International Energy Agency. The report indicates copper demand to be 55 percent higher than the 2022 supply. Likewise, the 2030 demand for nickel is expected to be 67 percent higher than the 2022 supply, and for cobalt 147 percent higher than the 2022 supply levels. Coniagas is well positioned to benefit from this supply-demand imbalance and offers investors an excellent opportunity to participate in the clean energy transition.
A secondary project, which may eventually be brought into the Coniagas portfolio, is the Lowney-Lac Edouard project in Quebec, a prospective nickel-copper property near Rio Tinto. The project is currently owned by Nord Precious Metals, which was the parent company of Coniagas.
Company Highlights
- Coniagas Battery Metals is a Canadian company focused on developing critical minerals such as nickel, copper and cobalt.
- Coniagas Battery Metals was demerged from its parent, Nord Precious Metals Mining (formerly Canada Silver Cobalt Works), which announced the separation of its business in two – Nord Precious Metals (focused on silver-cobalt) and Coniagas Battery Metals (focused on copper-nickel-cobalt).
- Coniagas’ flagship project is the Graal nickel-copper-cobalt property in Quebec, Canada, with excellent infrastructure in terms of low-carbon hydroelectricity, road access and proximity to major battery manufacturing facilities in eastern North America.
- Coniagas intends to use a proprietary Re-2Ox processing technology, a closed-loop hydrometallurgical process that extracts metals without any discharge or smelting, thereby exceeding environmental compliance standards.
- $6 million has been spent so far on the project with historic drillings that produced extremely encouraging results, with geologists excited that it has the potential to be a large mine. The company will focus on metallurgical work and exploration drilling in 2024-2025 to expand the mineralized deposit zone and deliver a maiden resource report.
- Critical minerals are in high demand, driven by their application in electric vehicles. Coniagas intends to develop into a supplier to the electric vehicle (EV) market.
- The Graal project fits perfectly into the Canadian government’s Critical Minerals Strategy that plans to create domestic supply sources of critical minerals in the country. It also fits with the Quebec strategy of utilizing its resources to become a critical minerals supplier to EV battery plants in Quebec and the rest of Canada, as well as US policy to enhance critical minerals production within North America. All three governments have nickel, copper and cobalt listed on their Critical Minerals Lists.
Key Projects
Graal Project
The red line in the MHY-Gravi zones indicates the location of the 6 km strike length.
The Graal project is the company’s flagship nickel-copper-cobalt asset in the Quebec region. Quebec is a Tier 1 mining jurisdiction and offers a world-class environment for mining investments.
The project is near the Chute des Passes electricity plant and has good access by roads. It is next to the planned Arianne phosphate mine and is only 200 kilometers from the ocean port of Saguenay on the St. Lawrence.
Initial exploration on the property has confirmed high-grade nickel-copper-platinum-group element (PGE) deposits. The company has discovered a 6-kilometer strike length mineralized with near-surface high-grade copper, nickel and cobalt, along with several intersections to the west in the Discovery Zone.
Based on the drill and geophysics results, the project has the potential for several high-grade near-surface deposits and significant deposits at depth. Previous drilling between 1996 and 2004, conducted by SOQUEM and Virginia Mines totaling ~6,000 meters, indicated a potential target of near-surface tonnage of 30 to 60 million tons with a grade range of 0.60 to 0.80 percent nickel, 0.30 to 0.50 percent copper, and 0.10 to 0.15 percent cobalt in the MHY zone.
Furthermore, Nord Precious Metals drilled more than 16,000 meters between 2021 and 2022 identifying several drill targets.
The drill results from the 2021-22 program discovered some noteworthy intervals exhibiting high grades of nickel and copper. The program succeeded in discovering wider intervals and continuity of nickel-copper sulfides within the MHY Zone. The key highlights include 1.12 percent nickel equivalent over 28.9 meters and 0.94 percent nickel equivalent over 15.9 meters.
Moving forward, Coniagas will begin drilling 2,000 meters in shallow regions to extend mineralization within the MHY Zone. Additionally, it plans to undertake a metallurgical study and engage in consultations with First Nations with an estimated cost of $500,000. Building on this effort, Coniagas plans to deliver a maiden resource estimate.
Lowney- Lac Edouard Project
This is a secondary project that may eventually be brought into the Coniagas portfolio. Situated to the south of the historically productive nickel-copper Lac Edouard Mine, the Lowney-Lac Edouard property is adjacent to an area where Rio Tinto, during a 2023 drilling initiative in the Savane region of a Midland Exploration property, uncovered high-grade nickel along with copper. The project is currently owned by Nord Precious Metals, the former parent company of Coniagas.
Management Team
Frank Basa - CEO
Frank Basa holds a BA in engineering from McGill University and is a member of the Professional Engineers of Ontario. He has over 35 years of experience in various aspects of gold mining and development. He also serves as the CEO of TSXV-listed companies Granada Gold Mine and Nord Precious Metals.
Aurelian Basa – Director
Aurelian Basa holds a bachelor’s degree in geography from Concordia University, Montreal. He has over 10 years of experience in the natural resources sector. He is associated with a platform that connects commodity traders to sources of critical metals. He also manages a digital content agency focused on public mining companies.
Ronald Goguen – Independent Director
Ronald Goguen has considerable senior leadership experience and has been associated with Colibri Resource Corporation, Major Drilling and Beaver Brook Antimony Mine.
Remantra Sheopaul – CFO
Remantra Sheopaul holds a B.Com. in accounting from Toronto Metropolitan University (formerly, Ryerson University). He has rich experience in various aspects of finance. He works with Marrelli Support Services and is also a CFO of Granada Gold Mine, Canada Carbon, Angel Wing Metals and Metalite Resources.
Jessie Acton – Independent Director
Jessie Acton, a seasoned business architect, offers fractional COO services through his private consultancy. With more than 25 years of experience primarily in the resource sector, he has advised numerous Canadian companies and holds extensive industry and government connections. Jessie Acton’s expertise spans corporate policy, DEI, and ESG frameworks, complemented by a successful track record of founding and exciting companies.
Daniel Barrette – Director
Daniel Barrette has more than 15 years of extensive experience in the mining industry, focusing on company management and restructuring. Notably, he spearheaded the successful restructuring of SearchGold Resources Inc. from 2011 to 2013, leading to its reverse take-over by Ubika Corp and securing $54 million in financing. Mr. Barette’s expertise extends to aiding mining entities in acquiring mineral properties in the Democratic Republic of the Congo and establishing business operations, leveraging his extensive network within that country.
Heidi Gutte – Director
Heidi Gutte has nearly 15 years of experience working with publicly-traded mineral exploration and mining companies. She specializes in providing corporate finance, IFRS financial reporting, audit preparation and response, tax optimization, and corporate compliance for the mineral exploration and junior mining sector. Ms. Gutte earned her bachelor's degree of computer engineering from the University of Applied Sciences in Brandenburg, Germany. She holds the professional designation of Chartered Professional Accountant (CPA, CGA), and is a member of Chartered Professional Accountants of British Columbia and Canada.
Unsecured Loan Facility from Sichuan Hebang Biotechnology
The material terms of the Loan Facility are as follows:
The unsecured loan will be repaid from funds received from the Tranche 2 placement.
If Shareholder Approval or any other regulatory approval required for Tranche 2 is not obtained at the 2024 Annual General Meeting, given the company’s history of raising capital to date, the directors are confident of the company’s ability to raise additional funds through a placement, rights issue, SPP, convertible note or other capital raising method previously utilized by the Company, when the unsecured loan is due for repayment, on or around September 2025.
Commenting on the loan, Avenira Deputy Chairman, Brett Clark stated:
“We are pleased to complete the next step in the investment process with Hebang as outlined in the announcement on 30 July 2024. I’m looking forward to increasing our collaboration with Hebang as we work together to drive Avenira’s growth and enhance shareholder value.”
Comment from Mr Zhenggang He, Actual Controller - Sichuan Hebang Biotechnology Co., Ltd.:
“Our ongoing strategic partnership with Avenira continues to strengthen, underscoring Hebang’s long-term commitment to the company’s growth. We are confident that this financial support will drive the development of Avenira’s Wonarah project. Hebang remains fully invested in Avenira’s success, and we look forward to deepening our collaboration as the project advances.”
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.
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