Avenira raises cash for phosphate studies
PERTH (miningweekly.com) – Junior Avenira will raise A$2.1-million in a share placement to fund studies for its Wonarah phosphate project, in the Northern Territory and exploration work at the Jundee gold project.
The company will issue up to 210-million shares, at a price of 1c each, with a one-for-two free attaching option with an exercise price of 2.5c each and an expiry date at the end of December 2025.
“We believe the next 12 months will be an exciting time for the company as we finalise the direct shipping ore (DSO) studies for phosphorous and lithium iron phosphate manufacturing,” said Avenira executive chairperson Brett Clark.
“Global demand for phosphate continues to strengthen, driving prices higher in recent months. The rise in prominence of lithium-iron-phosphate batteries in electric vehicles and energy storage and the increasing demand for phosphate as an agricultural fertilizer are simultaneously squeezing current world supply.
“We believe the Wonarah phosphate project has the potential to be rapidly brought into production to meet this supply shortage via a DSO operation.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation