AVZ Minerals does not develop battery technology directly but supplies essential raw materials for lithium-ion batteries. The Manono Project produces spodumene concentrate (SC6) and primary lithium sulphate (PLS), key materials for lithium battery production. The company emphasizes sustainable mining, using hydropower to reduce environmental impact and supports the battery industry’s supply chain upstream by efficiently extracting and processing raw lithium materials.
The company produces spodumene concentrate (SC6) and primary lithium sulphate (PLS) from the Manono Project, both vital feedstocks for lithium-ion battery manufacturing. No specific product models are mentioned beyond these primary lithium raw materials.
AVZ Minerals is focused on advancing the Manono Project with extensive geological exploration and resource evaluations confirming its large lithium deposit potential. In January 2025, the company restructured a transaction agreement including a US$20 million pre-completion facility to accelerate development. It also secured $15 million in litigation funding for legal disputes related to its mining projects in the DRC, maintaining operational focus while protecting its interests.
AVZ Minerals’ investors include institutional investors such as Vanguard Total International Stock Index Fund, iShares Core MSCI EAFE ETF, and Fidelity Total International Index Fund. Strategic investors include Yibin Tianyi Lithium Industry Co. In 2024, Resource Capital Investments Pty Ltd offered to acquire a minority stake, but the board unanimously recommended rejecting the offer, indicating confidence in the project’s long-term value.
