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
Avalon Expands Partnership Agreement with Metso of Finland for Its Lithium Processing Facility and New Technology and Innovation Centre in Ontario
Toronto, Ontario--(Newsfile Corp. - October 19, 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") has entered into an expanded partnership agreement with Metso Corporation ("Metso") to advance the construction of a full-service lithium processing facility in Thunder Bay, Ontario. The parties have...
2023-10-19 7:00 AM EDT
Federal Ministers, The Hon. Francois-Philippe Champagne, The Hon. Patty Hajdu and Other Dignitaries Tour Avalon's Planned Lithium Processing Site in Thunder Bay, ON
Thunder Bay, Ontario--(Newsfile Corp. - October 12, 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") today hosted the Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry, the Hon. Patty Hajdu, Minister of Indigenous Services and FedNor and other officials for a private...
2023-10-12 3:28 PM EDT
Avalon Commences New $3.6M Drilling Program at Flagship Separation Rapids Joint Venture Lithium Deposit
Toronto, Ontario--(Newsfile Corp. - October 3, 2023) - Consistent with its strategic transformation into a vertically integrated Canadian lithium producer serving both the North American Glass-Ceramics and EV battery markets, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the commencement of a new comprehensive drilling program at Separation Rapids, the Avalon-Sibelco joint venture lithium deposit in Northwestern Ontario. New Drill...
2023-10-03 7:00 AM EDT
Avalon Appoints Two New Board Directors to Help Accelerate Its Critical Minerals Strategy
Toronto, Ontario--(Newsfile Corp. - September 11, 2023) - Consistent with its strategic transformation into a leading Canadian critical minerals producer serving the North American market, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the addition of two new directors who bring extensive expertise in international capital markets and resource development. Alec Kodatsky, Founding Partner, Forthlane Partners, Ltd., and former...
2023-09-11 7:00 AM EDT
Avalon Announces a Substantive 20% Increase in Deposit Size at Its Flagship Separation Rapids Joint-Venture Lithium Project
Toronto, Ontario--(Newsfile Corp. - August 10, 2023) - Consistent with its dual-market strategy to supply both the global glass-ceramics market and North American EV battery manufacturing, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce an updated Mineral Resource Estimate ("MRE") for the Avalon-Sibelco joint venture lithium deposit at Separation Rapids. This updated MRE, compliant with NI 43-101, reports 10.08 million tonnes (Mt)...
2023-08-10 7:00 AM EDT
Avalon Signs MOU with Metso, a World Leader in Critical Minerals Technology, to Advance the Development of Ontario's First Lithium Processing Facility
Toronto, Ontario--(Newsfile Corp. - July 10, 2023) - Consistent with its strategy to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce it has signed a memorandum of understanding to create a strategic partnership with Metso Corporation ("Metso"), a global leader in clean, sustainable critical-mineral processing technology.
2023-07-10 7:00 AM EDT
Avalon Completes Purchase of Industrial Site in Thunder Bay as Key Next Step in Becoming Ontario's First Vertically Integrated Lithium Producer
Toronto, Ontario--(Newsfile Corp. - June 19, 2023) - As part of its strategic transformation to become a vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the successful acquisition of an industrial site in Thunder Bay, Ontario (965 Strathcona Avenue) which has existing road, rail, deep-water port, and utilities services for its planned midstream lithium-hydroxide (LiOH) processing facility. The...
2023-06-19 7:00 AM EDT
Avalon Announces C$63M Strategic Investment by Sibelco to Create a Vertically Integrated Lithium Strategic Partnership in Ontario
Toronto, Ontario--(Newsfile Corp. - June 15, 2023) - As part of its strategic transformation to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the signing of a binding term sheet to create a new joint venture with SCR-Sibelco NV ("Sibelco"), a global leader in materials solutions. Avalon has issued to Sibelco, on a non-brokered private placement basis,...
2023-06-15 7:00 AM EDT