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Avenira Limited ( (AU:AEV) ) has issued an update.
Avenira Limited announced the termination of its License and Technology Transfer Agreement with Advanced Lithium Electrochemistry Co Ltd due to evolving market conditions, which releases both parties from any further claims or liabilities. This strategic move allows Avenira to concentrate on its Wonarah Project, which involves phased development strategies to generate early revenue by late 2025, and aims to expand into the global market with sustainable growth through a diversified product portfolio.
More about Avenira Limited
Avenira Limited is a company operating in the resources sector, focusing on the development and production of phosphate products. The company’s primary market focus is on agriculture, chemicals, and renewable energy sectors, where it aims to supply high-grade phosphorus products and high-purity phosphoric acid.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $14.95M
Learn more about AEV stock on TipRanks’ Stock Analysis page.