Avenira raises $5 million, with $2 million strategic investment from China’s Hebang

ASX-listed phosphate chemicals producer Avenira has announced the raise of approximately $4.8 million before costs through a placement of new, fully-paid ordinary shares. Avenira is developing a phosphate mine at Wonarah in the Northern Territory and a lithium ferro phosphate (LFP) battery cathode materials plant at Darwin’s Middle Arm precinct In a statement on Wednesday,…

WA battery recycling startup raises $8 million

Renewable Metals, a recycling technology startup, has closed an $8 million capital raise led by venture capital firm Investible and the Clean Energy Finance Corporation to scale and commercialise its lithium-ion battery recycling method. According to a statement from the CEFC – which invested via Virescent Ventures – the round will support development of a…

Best of the week — the five most popular stories among @AuManufacturing’s readers, September 25 – 29, 2023

What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Carbon Revolution attracts top global automotive directors Carbon fibre road wheel manufacturer Carbon Revolution has attracted a swag of leading automotive figures to join its executive team as the company moves towards a US stock exchange listing for…

Manufacturing news briefs — stories you might have missed

National Reconstruction Fund to hold inaugural meeting The board of the National Reconstruction Fund will hold its inaugural board meeting in Sydney on Monday afternoon. In attendance will also be Chair Martijn Wilder, as well as Kelly O’Dwyer,  Kathryn Presser, Karen Smith-Pomeroy, Daniel Walton, Daniel Petre. Ahmed Fahour and Dr Katharine Giles will attend virtually. The make-up…

Pilbara gives $104.9 million lithium demonstration plant the green light

Environmental technology company Calix and lithium miner Pilbara Minerals have announced a final investment decision to build a $104.9 million demonstration plant for processing a lithium-enriched product from a low-grade spodumene, able to produce over 3,000 tonnes per annum of lithium phosphate. The two ASX-listed companies announced a joint venture for the Pilgangoora Project in…