Avalon Advanced Materials Inc. , is pleased to announce the completion of a Preliminary Economic Assessment for its Lithium Hydroxide Processing Facility project in Thunder Bay, Ontario, Canada . The PEA prepared by DRA Americas Inc. demonstrates the Project's compelling economic viability. The PEA considers a design capacity for the annual production of 30,000 tonnes of battery-grade lithium hydroxide . All dollar values [...]
Avalon Advanced Materials Inc. , in conjunction with its Joint-Venture partner SCR-Sibelco NV , is pleased to report the second and final batch of drill results for the 2024 winter drill campaign from the Separation Rapids Project in Kenora, Ontario . See Figure 1. The 2024 winter drill campaign was conducted by the Joint Venture Company Separation Rapids Ltd., which is 60% owned by Sibelco and 40% owned by Avalon. The [...]
Avalon Advanced Materials Inc. , in conjunction with its Joint-Venture partner SCR-Sibelco NV , is delighted to announce the commencement of an upcoming mineral resource update for the Separation Rapids Project in Kenora, Ontario. Managed by the Joint Venture Company Separation Rapids Ltd. , the 2024 winter drill campaign focused on a critical part of SRL's strategy to upgrade the 2023 Mineral Resource Estimation [...]
Avalon Advanced Materials Inc. is pleased to report the first batch of drill results for the 2024 winter drill campaign from the Separation Rapids Project in Kenora, Ontario . See Figure 1. The 2024 winter drill campaign was conducted by the joint venture company Separation Rapids Ltd. Separation Rapids Ltd is a joint venture between SCR-Sibelco NV and Avalon Advanced Materials Inc. . The results represent 512 assay [...]
Avalon Advanced Materials Inc. is pleased to announce to the appointment of Dr. Andrew J. Ramcharan , a widely respected global mining executive, as Avalon's new Vice President, Corporate Development. Dr. Ramcharan's appointment enhances Avalon's governance structure, driving forward our corporate development and strategic objective of creating Ontario's first vertically integrated lithium supply chain for the North [...]
Avalon Advanced Materials Inc. is pleased to announce the results of an order of magnitude site infrastructure valuation report prepared by AFRY Canada for the site of Avalon's proposed lithium processing facility in Thunder Bay, Ontario. The report highlights that the replacement cost of the infrastructure at Avalon's Thunder Bay site, factoring in its current condition, is estimated to be $46 million. In addition, the [...]
Avalon Advanced Materials Inc. is pleased to announce that it has engaged DRA Americas Inc., a 100% owned subsidiary of DRA Global to commence a Preliminary Economic Assessment of a lithium hydroxide conversion facility. The Project will be administered under AVL's wholly owned subsidiary Lake Superior Lithium Inc. The PEA will consider feed sourcing of high-grade lithium concentrates from various sources. The lithium [...]
Avalon Advanced Materials Inc. is pleased to announce that it has closed the $2,750,000 first drawdown of its up to $15,000,000 convertible security funding agreement with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager . The details of the Funding Agreement are contained in the Company's news release dated March 18, 2024. With the first drawdown completed, the [...]
Avalon Advanced Materials Inc. is pleased to announce that it has entered into a $15,000,000 convertible security funding agreement with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager . The first drawdown on the Funding Agreement will be for $2,750,000, and is expected to close within the next two weeks. Subject to further agreement by the parties, additional [...]
Avalon Advanced Materials Inc. announces the results of its 2024 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 27, 2024 . At the Meeting, all eight director nominees listed in the Company's information circular dated January 9, 2024 were elected as directors of the Company. The detailed results of the vote are as follows: Director Number of Votes Cast Percentage of Votes Cast Alan Ferry [...]
Avalon Advanced Materials Inc. is pleased to announce the appointment of Mr. Scott Monteith as the Company's Chief Executive Officer. Mr. Monteith, who has been serving as the Company's Interim CEO since May 2023, is an experienced clean tech executive, entrepreneur and business owner with a successful track record of moving inventions from concept to commercial success. Mr. Monteith has led the Company through the [...]
Consistent with its long-established commitment to the sustainable development of Canadian critical minerals, Avalon Advanced Materials Inc. is pleased to announce the publication of its 2023 Sustainability Report, which can be accessed on the Company's website found here: https://avalonadvancedmaterials.com/_resources/sustainability/AVL2023-Sustainability-Report.pdf The 2023 report represents the 12th consecutive report [...]
