Avenira raised $1.3 million gross and $1.2 million net, bolstering its operational capabilities.
The company deferred payments under its agreement with Advanced Lithium Electrochemistry to early 2025, without altering the original terms.
Over the next 12 months, Avenira aims to focus on developing the Yellow Phosphorous metal project with Sichuan Hebang Biotechnology.
It also supports Advanced Lithium Electrochemistry in enhancing the value of its lithium ferro phosphate product and monitors market conditions for its Direct Shipping Ore Phosphate Project.