Avenira (ASX:AEV) said its license and technology transfer agreement with Advanced Lithium Electrochemistry has been terminated, effective Tuesday, due to evolving market conditions, according to a Wednesday Australian bourse filing.
The company will not be required to make a further license payment, which was due on Jan. 1, the filing said.
The company has decided to focus on its Wonarah phosphate project where it plans regulatory, technical, and feasibility studies along with early revenue generation through stage 2 direct ore shipment as it starts operations in the late third quarter or early fourth quarter of the year, added the filing.
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