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Avenira nears full funding for Wonarah phosphate project
8:17am on Tuesday 27th of October, 2026 AEDT
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Mining
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Avenira nears full funding for Wonarah phosphate project
8:17am on Tuesday 27th of October, 2026 AEDT
Key Points
More than $44 million received, representing over 90% of the rights issue
Less than $2 million remains available after excluding Hebang’s entitlement
Hebang is taking up its full entitlement to retain a 60% holding
Rights issue proceeds and $85 million in debt facilities are expected to fund Wonarah’s DSO phase
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