Avalon Unveils Third-Party Economic and Labour Study for Its Thunder Bay, Ontario Lithium Processing Facility
Toronto, Ontario--(Newsfile Corp. - October 9, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), today shared the results of a third-party study conducted by RIAS Inc. (RIAS), an Ottawa-based consulting firm. This report, based on the recent Preliminary Economic Assessment (PEA) and customized input-output multipliers from Statistics Canada, details the significant economic and labour impacts from Avalon's proposed lithium processing facility in...
2024-10-09 8:43 AM EDT
Avalon Unveils Video Rendering for the Thunder Bay Lithium Project Following PEA Completion
Toronto, Ontario--(Newsfile Corp. - September 17, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to share the release of a new video rendering showcasing the design and layout of the proposed processing facility at the Lake Superior Lithium Project in Thunder Bay, Ontario (the "Project"). Cannot view this video? Visit:
2024-09-17 7:00 AM EDT
Avalon Advances Sustainability Efforts with Proposed Solar Farm at its Thunder Bay Industrial Site
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), is pleased to announce plans to develop a zero-emission solar farm at its 100% owned Thunder Bay industrial site, the future home of Avalon's planned lithium processing facility. This initiative underscores Avalon's commitment to sustainability and positions the province as a leader in advanced manufacturing and clean energy. The proposed solar farm...
2024-09-11 7:00 AM EDT
Avalon Completes PEA: Post-Tax C$4.1 Billion NPV (8%) and 48% IRR at its Thunder Bay Lithium Processing Facility, ON
Toronto, Ontario--(Newsfile Corp. - September 3, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), is pleased to announce the completion of a Preliminary Economic Assessment ("PEA") for its Lithium Hydroxide Processing Facility project in Thunder Bay, Ontario, Canada (the Project or the "Lake Superior Lithium Project"). The PEA prepared by DRA Americas Inc. demonstrates the Project's compelling economic viability. The PEA considers a design capacity...
2024-09-03 7:00 AM EDT
Avalon Advanced Materials Further Intersects 1.54% Li2O over 136.95 meters at Big Whopper Deposit, Separation Rapids JV
Toronto, Ontario--(Newsfile Corp. - August 19, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), in conjunction with its Joint-Venture ("JV") partner SCR-Sibelco NV ("Sibelco"), is pleased to report the second and final batch of drill results for the 2024 winter drill campaign (which totaled 10 holes) from the Separation Rapids Project in Kenora, Ontario (the "Project"). See Figure 1. The 2024 winter drill campaign was conducted by the Joint Venture...
2024-08-19 7:00 AM EDT
Avalon Undertakes a Mineral Resource Estimate Update following Positive Drill Results for Separation Rapids JV, ON
Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Avalon Advanced Materials Inc.(TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), in conjunction with its Joint-Venture ("JV") partner SCR-Sibelco NV ("Sibelco"), 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. ("SRL"), the 2024 winter drill campaign focused on a critical part of SRL's...
2024-08-13 7:00 AM EDT
Avalon Advanced Materials intersects 1.67% Li2O over 105.6m and 1.68% Li2O over 66.2m at Big Whopper Deposit, Separation Rapids
Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is pleased to report the first batch of drill results for the 2024 winter drill campaign (total 10 holes) from the Separation Rapids Project in Kenora, Ontario (the "Project"). 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 ("Sibelco"; 60% ownership) and...
2024-07-22 7:00 AM EDT
Avalon Makes Strategic Appointment for Vice-President, Corporate Development
Toronto, Ontario--(Newsfile Corp. - June 3, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce to the appointment of Dr. Andrew J. Ramcharan (Ph.D., P.Eng, FAusIMM), 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...
2024-06-03 7:00 AM EDT
Avalon Announces Results of Independent Valuation Report for the Site of its Planned Thunder Bay Lithium Processing Facility
Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the results of an order of magnitude site infrastructure valuation report prepared by AFRY Canada ("AFRY") 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...
2024-05-27 7:00 AM EDT
Avalon Advanced Materials Announces Commencement of Preliminary Economic Assessment ("PEA") for Avalon's Thunder Bay Lithium Conversion Facility
Toronto, Ontario--(Newsfile Corp. - April 16, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has engaged DRA Americas Inc., a 100% owned subsidiary of DRA Global ("DRA") to commence a Preliminary Economic Assessment ("PEA") 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...
2024-04-16 7:00 AM EDT
Avalon Closes $2,750,000 First Drawdown of $15,000,000 Convertible Security Funding Agreement
Toronto, Ontario--(Newsfile Corp. - March 27, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") 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 (the "Funding Agreement") with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager (together "Lind"). The details of the Funding Agreement are contained in the...
2024-03-27 5:34 PM EDT
Avalon Enters into $15,000,000 Convertible Security Funding Agreement to Accelerate Development of Its Planned Lithium Processing Facility in Ontario
Toronto, Ontario--(Newsfile Corp. - March 18, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a $15,000,000 convertible security funding agreement (the "Funding Agreement") with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager (together "Lind"). The first drawdown on the Funding Agreement will be for $2,750,000, and is expected to close...
2024-03-18 7:00 AM EDT
Avalon Announces the Results of Its 2024 Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2024 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 27, 2024 (the "Meeting"). 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:
2024-02-28 5:23 PM EST
Avalon Appoints Scott Monteith as CEO and Changes Location for Annual Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 14, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") 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...
2024-02-14 7:00 AM EST
Avalon Reaffirms Commitment to Responsible Critical Minerals Development with 12th Annual Sustainability Report
Toronto, Ontario--(Newsfile Corp. - December 20, 2023) - Consistent with its long-established commitment to the sustainable development of Canadian critical minerals, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") 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...
2023-12-20 1:55 PM EST
Avalon Announces Non-Brokered Private Placement for Gross Proceeds of up to C$9.3 Million
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Consistent with its strategic objective to build Ontario's first vertically integrated lithium supply chain serving the North American EV battery market, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce a non-brokered private placement of up to a maximum of 93,000,000 units of the Company (each, a "Unit") at a price of C$0.10 per Unit for aggregate gross proceeds of up C$9.3...
2023-12-07 9:27 AM EST
Avalon to Host Q&A on Building Ontario's First Battery-Grade Lithium Supply Chain
Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Consistent with its mission to build Ontario's first vertically-integrated lithium supply chain, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide investors with a strategic update on its corporate strategy for the 2024 fiscal year. What: 1 hour Q&A Webinar When: Thursday, Dec. 7, 2023 at 11 a.m. ET Who: Scott Monteith, Chief Executive Officer, Avalon Zeeshan Syed, President,...
2023-12-05 10:47 AM EST
Avalon and Sibelco Establish Joint Venture to Develop Flagship Lithium Mine in Ontario
Toronto, Ontario--(Newsfile Corp. - November 9, 2023) - Following previous announcements made on June 15 and November 2, 2023, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon") and SCR-Sibelco NV ("Sibelco") are pleased to announce the closing of their joint venture transaction. The new joint venture company, Separation Rapids Ltd. ("SRL"), has a mandate to advance mining activities at the flagship Separation Rapids deposit near Kenora, ON, as well as at the Lilypad Project...
2023-11-09 3:44 PM EST
Avalon Enters Purchase and Sale Agreement to Transfer the Separation Rapids and Lilypad Projects into Joint Venture with Sibelco
Toronto, Ontario--(Newsfile Corp. - November 2, 2023) - Further to its news release dated June 15, 2023, and consistent with its strategic objective to build Ontario's first vertically integrated lithium supply chain serving the North American EV battery market, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a definitive Tripartite Purchase and Sale Agreement (the "Purchase and Sale Agreement") with...
2023-11-02 10:05 AM EDT
Avalon Appoints Veteran Renewables and Clean-Tech Executive to Board of Directors
Toronto, Ontario--(Newsfile Corp. - October 25, 2023) - Consistent with its strategic objective to build Ontario's first vertically integrated lithium supply chain serving the North American EV battery market, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Timothy Haig to its Board of Directors. The appointment is effective October 24th, 2023, and further solidifies a revamped Board and Governance structure that...
2023-10-25 5:03 PM EDT