Avalon Scores High ESG Rating

Following an independent audit of the Company’s business practices and policies, Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLNF, Forum) announced this week that it had received a high Environmental, Social, and Corporate Governance (ESG) Risk Rating. Avalon’s overall management of material ESG issues is strong. No events or policies were identified that may negatively impact stakeholders, the environment, or the Company's operations.

For more information around this news, click here.

This Canadian mineral development Company recently entered into a binding letter of intent to purchase ownership of a private Ontario corporation which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson, Ontario. One of the industrial minerals property assets this company owns is an asset transfer agreement that gives it the right to acquire full title to the Cargill Carbonatite Complex near Kapuskasing, Ontario. This carbonatite complex hosts significant concentrations of a number of critical minerals, contained both in the bedrock and in the tailings from a historic phosphate mining operation at the site. Work done on the site has demonstrated that the tailings contain phosphate levels ranging from 15-20% P2O5 and the total purchase price to be paid by Avalon will be $16 million.


FULL DISCLOSURE: Avalon Advanced Materials Inc. is a client of Stockhouse Publishing.