Avenira's Partnership Update with Aleees

Avenira Limited (ASX:$AEV) has provided an update on its collaboration with Advanced Lithium Electrochemistry Ltd (Aleees) for the manufacture and global distribution of LFP cathode active material from the Company's proposed LFP battery cathode manufacturing plant to be developed in Darwin, using Avenira's flagship Wonarah Phosphate Project.

Executive Chairman's Perspective on Aleees Relationship

Our recent engagement with global car manufacturers has validated our selection of Aleees as our technology partner. It has also highlighted, very clearly, how important LFP is in the selection of batteries for the electric vehicle industry in the next few years. LFP chemistries are forecast to take an increasing share of the battery market for the electric car and light vehicle sector. Avenira aims to capture a meaningful share of the ex-China market for LFP.

Avenira's Outlook and Goals

Avenira has made significant progress in its partnership with Aleees for the LFP Project, with the completion of basic process design and the commencement of discussions with global car manufacturers for the supply of LFP cathode active material. The extension of the time for payment of the licence fee aligns with the timing for work at Wonarah and the Middle Arm site, preparing for the LFP Project feasibility study. Avenira aims to capture a meaningful share of the ex-China market for LFP, considering the increasing share of LFP chemistries in the electric car and light vehicle sector.