Avenira Limited

Unsecured Loan Facility from Sichuan Hebang Biotechnology

Avenira Limited (ASX: AEV) advises that it has executed a loan agreement with its largest shareholder, Sichuan Hebang Biotechnology Corporation Limited (SHSE: 603077) (“Hebang”) for Hebang to provide a $2.79 million unsecured loan facility to the Company of the Tranche 2 placement proceeds pending shareholder approval and any other required regulatory approvals for the Tranche 2 placement. The purpose of this loan is to ensure the Company has sufficient funds to progress the development of the Wonarah project while awaiting these approvals.


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.

AEV:AU
The Conversation (0)
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 Agreement

Download the PDF here.

Lithium periodic symbol and electric vehicle.

7 Biggest Lithium-mining Companies in 2025

For a long time, most of the world's lithium was produced by an oligopoly of US-listed producers. However, the sector has transformed significantly in recent years.

Interested investors should cast a wider net to look at global companies — in particular those listed in Australia and China, as companies in both countries have become major players in the industry.

While Australia has long been a top-producing country when it comes to lithium, China has risen quickly to become not only the top lithium processor and refiner, but also a major miner of the commodity. In fact, China was the third largest lithium-producing country in 2024 in terms of mine production, behind Australia and Chile.

Chinese companies are mining in other countries as well, including top producer Australia, where a few are part of major lithium joint ventures. For example, Australia’s largest lithium mine, Greenbushes, is owned and operated by Talison Lithium, which is 51 percent controlled by Tianqi Lithium Energy Australia, a joint venture between China’s Tianqi Lithium (SZSE:002466,HKEX:9696) and Australia’s IGO (ASX:IGO,OTC Pink:IPDGF). The remaining 49 percent stake in Talison is owned by Albemarle (NYSE:ALB). Joint ventures can offer investors different ways to get exposure to mines and jurisdictions.

Keep reading...Show less
Galan Lithium

Galan Lithium


Keep reading...Show less
Jindalee Lithium

Jindalee Lithium


Keep reading...Show less
Lithium batteries and wires with a lithium periodic symbol and rocks on a dark surface.

Green Technology Metals Boosts Market Position through Root Lithium Project

North America-focused Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) has completed an updated preliminary economic assessment (PEA) for its Root lithium project in Ontario, Canada.

Green Technology Metals said that the PEA evaluated Root on a standalone basis, while the December 2023 PEA combined Root with the company's advanced Seymour lithium project. The new PEA took into consideration the recently updated Root Project MRE, revised pit optimisations and mine development options, and changed lithium market conditions.

“(The PEA confirms Root) as a technically and economically robust standalone operation,” Managing Director Cameron Henry said in an April 9 release. “With a longer mine life, reduced upfront capital requirements, and strong economics, Root is well-positioned to support GT1’s broader strategy of establishing a vertically integrated lithium supply chain in Ontario.”

Keep reading...Show less
CleanTech Lithium

CleanTech Lithium


Keep reading...Show less

Latest Press Releases

Related News

×