Where I'm all at sea with this is the direction of this placement. One moment we have a strategic alliance with Aleees, a LFP battery manufacturer, with the stated intention of building a battery cathode plant in the NT.
Now this placement has gone to Sichuan Hebang, a Chinese biotech company and Singapore based GEAR which has various mineral investments including Stanmore Coal and BMC as well as renewable energy projects in Asia.
Hard to see where this is going unless these companies are looking at the lower grade P ore from Wonorah and see an opportunity. Beats me.
Ann: Avenira Successfully Completes A$5 Million Placement, page-16
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