AVZ still being funded by a big player AVZ received continued...

AVZ still being funded by a big player

AVZ received continued support from its cornerstone investor, Suzhou CATH Energy Technologies (“CATH”), who signed on in September 2021 to develop the Manono Project. Under the TIA, CATH will invest US$240M in the Manono Project for a 24% direct equity interest, as well as funding their pro rata portion of project development capital. AVZ and CATH remain committed to the TIA and agreed it would remain valid until either the completion or cancellation by both parties in accordance with the terms of the TIA.