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Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s):  AVLNF

Avalon Advanced Materials Inc. is a Canada-based mineral development company, which is focused on vertically integrating the Ontario lithium supply chain. The Company’s projects include East Kemptville Tin, Lilypad Cesium, Nechalacho Rare Earth Elements (REE), Separation Rapids Lithium and Warren Township Feldspar. The East Kemptville Tin-Indium Project is located approximately 45 kilometers (km) northeast of Yarmouth, Nova Scotia. The Lilypad Cesium-Tantalum Property consists of 14 claims totaling 3,108 hectares covering a field of cesium, tantalum and lithium-rich granitic pegmatites. The Nechalacho REE Property is located at Thor Lake, Northwest Territories. The Warren Township Anorthosite Project is an advanced specialty industrial minerals development opportunity located 100 km west of Timmins, Ontario in the Porcupine Mining Division. The property is located near road and rail infrastructure and is close to markets in southern Ontario and the northeastern United States.


TSX:AVL - Post by User

Comment by hodgigreon Jan 21, 2021 10:22am
230 Views
Post# 32344171

RE:RE:Bullish on tin?

RE:RE:Bullish on tin?For those that were looking for the tin play here.  From the recent interim financials read below. I contacted the company and confirmed the play is not entirely dead, but is on life support.  Essentially the mine owner has not been cooperative.

Tin was of small interest on my own list of top catalysts for creating more value..

1) A lithium refinery in Thunder Bay yet to be announced or promoted with any real substance.
2) The related/benefited lithum mine.
3) Nechalacho rare earlths
4) Cesium and tin

From the financials...
The Company completed a preliminary economic assessment during fiscal 2018 with a development model of utilizing the existing tailings management area (“TMA”) and had been in negotiation with the surface rights owner to secure full tenure to the project site. Agreement in principle was reached in Fiscal 2019, however, the surface rights owner subsequently refused to sign the agreement after putting on hold any new work on TMAs on all of its closed minesites. Not having access to the existing unused tailings ponds severely limits the possibilities for economic re-development of the site. This realization coupled with the continuing difficulties in getting surface access to the project site, caused the Company to decide to withdraw its lease application and to write off the costs incurred to-date of $5,587,210 as an impairment loss during the year ended August 31, 2020.
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