Avalon Advanced Materials Inc.

Recent News

  • Avalon Completes Non-Brokered Private Placement for Gross Proceeds of $500,000

    Toronto, Ontario--(Newsfile Corp. - May 14, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has completed a non-brokered private placement today consisting of 2,500,000 flow-through shares at a price of $0.20 per share for gross proceeds of $500,000.In conjunction with this private placement, Avalon paid finder's fees of $30,000 and issued 150,000 non-transferrable finder's warrants, with each finder's warrant being exercisable to acquire one common share of the...

    2021-05-14 12:42 PM EDT
  • Avalon Reports on Separation Rapids Lithium Project Progress as Lithium Prices Continue to Rise

    Toronto, Ontario--(Newsfile Corp. - May 10, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on recent developments on its 100% owned Separation Rapids Lithium Project located near Kenora, ON and on lithium markets generally. As recently reported by Benchmark Minerals Intelligence, Lithium prices are continuing to rise in China, with both technical and battery-grade carbonate prices having doubled year-to-date. The price of technical grade lithium carbonate was...

    2021-05-10 1:03 PM EDT
  • Avalon and Fort William First Nation Sign Letter of Intent to Collaborate on Development of Thunder Bay Lithium Refinery

    Toronto, Ontario--(Newsfile Corp. - March 31, 2021) -  Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLND) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Fort William First Nation ("FWFN") to collaborate on the development of a lithium battery materials refinery located on industrial lands owned by FWFN in Thunder Bay, Ontario. This facility would be designed to accept lithium mineral concentrates from Avalon's Separation Rapids Lithium Project (70 km north of Kenora)...

    2021-03-31 8:15 AM EDT
  • Avalon Completes Share Capital Amendment

    Toronto, Ontario--(Newsfile Corp. - March 15, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that its Share Capital Amendment, which involved amending the Company's articles to reflect a 500:1 consolidation of the Company's common shares, immediately followed by a 1:500 split of the Company's post-consolidated common shares, became effective today (the "Effective Date").Shareholders who held less than 500 common shares in the form of a physical certificate immediately prior...

    2021-03-15 7:30 AM EDT
  • Avalon Announces the Results of its 2021 Annual and Special Meeting of Shareholders

    Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2021 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2021 (the "Meeting"). At the Meeting, all five director nominees listed in the Company's information circular dated January 12, 2021 were elected as directors of the Company. The detailed results of the vote are as follows:Director

    2021-02-26 4:10 PM EST
  • Avalon Receives High-Ranking ESG Risk Rating

    Toronto, Ontario--(Newsfile Corp. - February 24, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to report on its Environmental, Social and Corporate Governance ("ESG") Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on November 3, 2020. Avalon's overall management of material ESG issues is strong. No events or policies were identified that may negatively impact stakeholders, the...

    2021-02-24 9:16 AM EST
  • Avalon Announces Agreement to Acquire the Right to Title of a Closed Mine Site with Rare Earths Recovery Potential

    Toronto, Ontario--(Newsfile Corp. - February 17, 2021) -  Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "Agreement") to purchase ownership of 2333382 Ontario Inc. ("2333382"), a private Ontario corporation which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson, Ontario.Among the industrial minerals property assets owned by 2333382 is an asset transfer agreement giving 2333383 the...

    2021-02-17 8:11 AM EST
  • Avalon Closes $3,000,000 Convertible Security Financing

    Toronto, Ontario--(Newsfile Corp. - February 1, 2021) -  Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has closed its $3,000,000 convertible security financing with an entity managed by The Lind Partners ("Lind"), a New York based asset management firm, as described in the Company's news release of January 25, 2021.With this new funding now in place, Avalon plans to proceed this month with the bulk sampling program on its 100%...

    2021-02-01 5:05 PM EST