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
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