Avalon Enters into $3,000,000 Convertible Security Funding Agreement to Accelerate Separation Rapids Lithium Work
Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) and (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 an entity managed by The Lind Partners ("Lind"), a New York based asset management firm. The convertible security has a two year term and will accrue a simple interest rate obligation of 10% per annum on the funded...
2021-01-25 8:00 AM EST
Avalon Publishes Ninth Annual Sustainability Report
Toronto, Ontario--(Newsfile Corp. - November 30, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or "the Company") is pleased to announce that the Company has released its ninth annual comprehensive sustainability report, along with its 2020 annual filings including the audited financial statements. The Company also reports that its recent news release on the the signing of a Letter of Intent with Rock Tech Lithium Inc. generated considerable media coverage for...
2020-11-30 10:39 AM EST
Avalon and Rock Tech Lithium Sign Letter of Intent to Collaborate on Development of Lithium Process Facility
Toronto, Ontario--(Newsfile Corp. - November 16, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLNF) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Rock Tech Lithium Inc. ("Rock Tech") to collaborate on the development of a lithium battery materials process facility 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) and...
2020-11-16 7:50 AM EST
Avalon Engages Sustainalytics to Obtain ESG Risk Rating
Toronto, Ontario--(Newsfile Corp. - November 3, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce it has engaged Sustainalytics, a Morningstar company, to conduct an independent audit of the Company's business practices and policies towards obtaining an Environmental, Social and Corporate Governance ("ESG") Risk Rating License. Sustainalytics' ESG Risk Ratings provide investors with third-party validation of the company's...
2020-11-03 8:41 AM EST
Avalon to Extend Expiry Date of 2,187,500 Warrants
Toronto, Ontario--(Newsfile Corp. - October 16, 2020) - 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 2,187,500 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...
2020-10-16 11:24 AM EDT
Avalon Re-activates Lilypad Cesium-Tantalum-Lithium Project, North of Thunder Bay, ON
Toronto, Ontario--(Newsfile Corp. - October 14, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has re-activated its 100% owned Lilypad Cesium-Tantalum-Lithium Project ("Lilypad") due to increasing demand for cesium. Cesium is a rare element in growing demand for many new technologies, but with very limited supply following the cessation of production from the world's largest historical producer, the Tanco mine, near...
2020-10-14 8:08 AM EDT
Avalon Provides Update on Metallurgical Process Optimization Work for Separation Rapids Lithium Project, Kenora, ON
Toronto, Ontario--(Newsfile Corp. - October 7, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its Separation Rapids Lithium Project ("Separation Rapids" or the "Project"), situated approximately 70 km by road north of Kenora, Ontario. Since Avalon's news release dated June 3, 2020, metallurgical testwork has been progressing on several fronts with the overall objectives of reducing costs, improving recoveries...
2020-10-07 7:26 AM EDT
Avalon Completes Non-Brokered Private Placement for Gross Proceeds of $540,000 to Advance the Separation Rapids Lithium Project
Toronto, Ontario--(Newsfile Corp. - August 25, 2020) - 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 consisting of 6,000,000 flow-through units at a price of $0.09 per unit for gross proceeds of $540,000. Each unit consists of one flow-through common share and one-half common share purchase warrant. Each warrant shall entitle the holder to acquire one non-flow-through common...
2020-08-25 4:21 PM EDT
Avalon Announces Changes to its Board of Directors
Toronto, Ontario--(Newsfile Corp. - June 9, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Marilyn Spink, P.Eng. to the Company's Board of Directors (the "Board"). Ms. Spink will replace Brian MacEachen, who recently informed the Board of his decision to step down from the Board, after serving as a Board member for over 20 years, although he will continue to serve the Company in an advisory role. Alan...
2020-06-09 1:43 PM EDT
Avalon Provides Separation Rapids Lithium Project Update
Toronto, Ontario--(Newsfile Corp. - June 3, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its 2020 project development plans for the 100% owned Separation Rapids Lithium Project near Kenora, Ontario (the "Project"), where interest in the Company's lithium mineral products continues to grow. Avalon has now received the necessary approvals to proceed with the 2,500 tonne bulk sample extraction program that was...
2020-06-03 11:24 AM EDT
Avalon Provides Corporate Update and Outlines Plans for Summer Work Programs
Toronto, Ontario--(Newsfile Corp. - April 13, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on its recent activities. While the Company has closed its office temporarily due to the COVID-19 pandemic, staff continue to work from home on a reduced work schedule in anticipation of resuming project field work when it is safe to do so. In the meantime, project planning and permitting work continues. The Company...
2020-04-13 10:42 AM EDT
Avalon Announces the Results of its 2020 Annual and Special Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 26, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2020 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2020 (the "Meeting"). At the Meeting, all five director nominees listed in the Company's information circular dated January 8, 2020 were elected as directors of the Company. The detailed results of the vote are as follows: Director
2020-02-26 2:31 PM EST
Avalon Provides Update on Its Rare Earths Activities
Toronto, Ontario--(Newsfile Corp. - February 6, 2020) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to provide an update on the status of both of the Company's rare earth projects and on the business in general. The recent agreement by Canada and the United States, announced on December 19, 2019, to co-operate on critical minerals supply chain development (and rare earths in particular), has resulted in new government initiatives in both...
2020-02-06 10:24 AM EST
Avalon Publishes Annual Filings and Eighth Sustainability Report
Toronto, Ontario--(Newsfile Corp. - November 29, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") has released its eighth annual comprehensive Sustainability Report, along with its 2019 annual filings. The 2019 Sustainability Report focuses on health and safety, social, environmental and economic matters that are material to Avalon. It incorporates a self-assessment of Avalon's 2019 fiscal year sustainability performance and sets targets for 2020...
2019-11-29 5:15 PM EST
Avalon Receives Final Payment from Cheetah Resources for Acquisition of Nechalacho Rare Earth Resources
Toronto, Ontario--(Newsfile Corp. - October 30, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon") is pleased to report that further to its news release dated June 24, 2019, it has now received the final installment payment of the $5 million purchase price from Cheetah Resources Pty Ltd. ("Cheetah") for the near-surface resources on the Nechalacho rare earth elements property at Thor Lake near Yellowknife, NWT, Canada. The parties are now working towards finalization...
2019-10-30 11:33 AM EDT
Avalon signs binding Letter of Intent to earn interest in the Will Scarlett Rare Earths Recovery Project, Illinois, USA
Toronto, Ontario--(Newsfile Corp. - October 23, 2019) - - 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 ("LOI") with a private US company, Coal Strategy Advisors, LLC, ("CSA") to earn up to a 50% interest in the Will Scarlett Rare Earths Recovery Project ("Will Scarlett") located near Marion, Illinois. Will Scarlett is a closed coal mine site where recent geochemical sampling has found...
2019-10-23 8:23 AM EDT
Avalon Announces Appointment of New Director to the Board and Provides Project Development Updates
Toronto, Ontario--(Newsfile Corp. - September 13, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Ms. Naomi Johnson, LL.B. to the Company's Board of Directors, to stand for election at the next Annual Meeting of Shareholders to be held in February 2020. Ms. Johnson is a lawyer with over 12 years of experience working in the mineral industry as a global Corporate Social Responsibility ("CSR") executive,...
2019-09-13 8:49 AM EDT
Avalon Completes Collaborative Development Agreement on Nechalacho Rare Earth Elements Project, Yellowknife, NWT
Toronto, Ontario--(Newsfile Corp. - June 24, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon") is pleased to announce that further to its news release dated January 30, 2019, it has entered into a definitive agreement (the "Agreement") with Cheetah Resources Pty Ltd. ("Cheetah") to collaborate in the development of the rare earth resources on its mining leases collectively comprising the Nechalacho Project at Thor Lake near Yellowknife, NWT, Canada (the "Property")....
2019-06-24 9:59 AM EDT
Avalon Continues to Progress its Advanced Critical Materials Projects Towards Development
Toronto, Ontario--(Newsfile Corp. - April 2, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to report on progress made over the past quarter on all three of its advanced critical materials development projects in Canada. Significant progress, as described below, has been made towards the goal of achieving near-term, small-scale production on each of the Nechalacho Rare Earth Elements Project, East Kemptville Tin-Indium Project, and...
2019-04-02 11:52 AM EDT
Avalon Announces the Results of its 2019 Annual Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - February 25, 2019) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the results of its 2019 Annual Meeting of Shareholders held in Toronto, Ontario on February 25, 2019 (the "Meeting"). At the Meeting, all four director nominees listed in the Company's information circular dated January 8, 2019 were elected as directors of the Company. The detailed results of the vote are as follows:
2019-02-25 5:05 PM EST