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Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s):  AVLNF

Avalon Advanced Materials Inc. is a Canadian-advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. Its Lake Superior Lithium Project is in the City of Thunder Bay, Ontario. Lake Superior Lithium Project is located between northern Ontario’s lithium deposits and southern EV battery plants. Through its joint venture with SCR-Sibelco NV, it is developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the Snowbank lithium and Lilypad lithium-caesium projects. It is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries, among other sectors. Its East Kemptville Tin-Indium Project is located 55 kilometers northeast of Yarmouth, Nova Scotia, Canada. Nechalacho Rare Earth Elements Project is located at Thor Lake, Northwest Territories.


TSX:AVL - Post by User

Comment by TankRebel2012on Jan 08, 2020 9:43am
114 Views
Post# 30529953

RE:RE:RE:Sniffing around

RE:RE:RE:Sniffing around
red wrote:

Did our man just shoot himself ( us) in the foot ? WTF ?......I can see backlash coming.

https://www.cbc.ca/news/canada/north/rare-earth-agreement-1.5417128




did you read it?   

Rare earths need research to get off the ground in N.W.T.

In the N.W.T., the absence of any domestic supply chain has made it difficult to raise capital for rare earths projects, said Don Bubar, the CEO of Avalon Advanced Materials Inc.

The proponent of the Nechalacho rare earth elements project in the N.W.T. says it's aiming for small-scale production to show a supply chain in Canada is possible.



 

A decade ago, China strangled exports of rare earth minerals to Japan, sparking fears it could one day weaponize its supply against the U.S., he said. 

"They are concerned that rare earths at some point are going to become a currency in China's dealings with the rest of the world," he said.          <--------------



 

However, Canada is "decades" behind China and Russia in research on extracting rare earths at a competitive cost or mass scale, said Chakhmouradian. 

The U.S. is attempting to make up the gap. It has a research institute dedicated to rare earths, and views mineral independence as a key factor in its current trade war with China, said Chakhmouradian. 




i don't see how this be backlash.... read before going to say "short"   LOL 

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