Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain
Toronto, Ontario--(Newsfile Corp. - September 22, 2022) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") ") is pleased to announce that it has signed a non-binding memorandum of understanding (the "MOU") with LG Energy Solution (LGES) (KRX: 373220) to supply LGES with a battery-grade lithium hydroxide starting in 2025. Avalon plans to establish a regional lithium battery materials supply chain in Ontario to serve the needs of future electric vehicle and...
2022-09-22 6:07 PM EDT
Avalon Provides Update on Separation Rapids Lithium Project
Toronto, Ontario--(Newsfile Corp. - August 17, 2022) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its preparations for the installation and commissioning of its demonstration Dense Media Separation ("DMS") plant for the Separation Rapids Lithium Project north of Kenora, Ontario. Roadwork and site preparation work for the installation and commissioning of the DMS plant have commenced at the Avalon Quarry site along...
2022-08-17 7:30 AM EDT
Avalon Enters into $3,000,000 Convertible Security Funding Agreement to Accelerate Separation Rapids Lithium Work
Toronto, Ontario--(Newsfile Corp. - May 5, 2022) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has entered into a $3,000,000 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 convertible security to be issued under the Funding Agreement will have a two year term and will...
2022-05-05 7:35 AM EDT
Avalon Announces Partnership Agreement to Establish Ontario's First Regional Lithium Battery Materials Refinery in Thunder Bay
Toronto, Ontario--(Newsfile Corp. - April 4, 2022) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has signed a binding letter of intent with RenJoules International Ltd., an Essar Group Company ("Essar"), to become a strategic partner and co-developer in support of Avalon's plans to establish a regional lithium battery materials supply chain to serve the needs of future electric vehicle and battery manufacturers in Ontario...
2022-04-04 10:23 AM EDT
Avalon Announces the Results of Its 2022 Annual General Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 25, 2022) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2022 Annual General Meeting of Shareholders held in Toronto, Ontario on February 24, 2022 at 10:00am (the "Meeting"). At the Meeting, all six director nominees listed in the Company's information circular dated January 11, 2022 were elected as directors of the Company. The detailed results of the vote are as follows: Director
2022-02-25 10:33 AM EST
Avalon Appoints Chief Harvey Yesno to its Board of Directors
Toronto, Ontario--(Newsfile Corp. - December 29, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Chief Harvey Yesno to the Company's Board of Directors, to stand for election at the next Annual General Meeting of Shareholders to be held on February 24, 2022. Mr. Yesno is a member and former Chief of the Eabametoong First Nation located at Fort Hope approximately 350 km NNE of Thunder Bay, ON, where he now...
2021-12-29 12:21 PM EST
Avalon Completes Non-Brokered Private Placement for Gross Proceeds of $1,384,000
Toronto, Ontario--(Newsfile Corp. - December 21, 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 9,099,994 flow-through units at a price of $0.12 per unit and 2,920,000 non-flow-through units at a price of $0.10 per unit for gross proceeds of $1,384,000. Each flow-through unit was comprised of one flow-through common share and one half of one common...
2021-12-21 4:03 PM EST
Avalon Publishes Tenth Annual Sustainability Report and Provides Update on Separation Rapids Lithium Project Activities
Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or "the Company") is pleased to announce that the Company has released its tenth annual comprehensive sustainability report, along with its 2021 annual filings including the audited financial statements. The 2021 Sustainability Report focuses on health and safety, social, environmental and economic matters, including the Company's ambitions to start to produce critical...
2021-11-30 8:03 AM EST
Avalon to Extend Expiry Date of 2,150,000 Warrants
Toronto, Ontario--(Newsfile Corp. - October 14, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it intends to extend the expiry date of a total of 2,150,000 outstanding share purchase warrants of the Company, each of which is exercisable to acquire one common share of the Company at a price of $0.12 per share (collectively, the "Warrants"). The Warrants were issued in two tranches pursuant to a private placement...
2021-10-14 1:15 PM EDT
Avalon Reports Encouraging Initial Cesium Assay Results from Recent Lilypad Project Field Program
Toronto, Ontario--(Newsfile Corp. - September 23, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has received initial assay results from grab samples collected during the summer exploration program on the Lilypad Cesium Project located 350 km north of Thunder Bay, Ontario. The new results confirm the exceptional cesium enrichment in several Lithium-Cesium-Tantalum ("LCT") pegmatite dyke occurrences on the property....
2021-09-23 9:37 AM EDT
Avalon Files Quarterly Financial Statements and Provides Progress Report on Current Work Programs
Toronto, Ontario--(Newsfile Corp. - July 19, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") has filed its Quarterly Financial Statements along with the Management Discussion and Analysis for the period ended on May 31, 2021, which are now available on-line. Management is pleased to report that the Company continues to make steady progress on all of its active projects. Following the closing of the recent flow-through financing, an exploration work...
2021-07-19 9:45 AM EDT
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...
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...
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...
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...
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...
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...
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...
2021-02-01 5:05 PM EST
Avalon Announces Its Annual and Special Meeting of Shareholders to Be Held on February 25, 2021
Toronto, Ontario--(Newsfile Corp. - January 26, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that its Annual and Special Meeting of Shareholders ("the Meeting") will be held Thursday, February 25, 2021 at 10:00 am EST. As a result of the governmental prohibition against group gatherings to help reduce the spread of COVID-19, the Meeting will be held via a Zoom teleconference, and entry will be limited to registered...
2021-01-26 5:05 PM EST