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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 toppgunnon Feb 11, 2021 1:29pm
423 Views
Post# 32542263

RE:RE:Vote

RE:RE:VoteI agree mining is a long haul venture.  Unfortunately, if nothing gets moved ahead start to lose investors quickly and company becomes a "no go" for financing.  AVL has been 25 -30 years with no development of a revenue source.  Sometimes the only way to move a company forward is an amalgamation with another company, new management team, restructuring of the company.  There is no doubt AVL has a potential resource to develop a lithium mine but nothing has happened for a long time to get it developed.  

My experience companies can stay low for a long time for a reason unless as mentioned a drastic change occurs as mentioned - new people, amalgamation or restructuring of company.  

Still holding and targeting a slightly higher price i.e. .35 to .50 as lithium has gained momentum over the last year, but AVL may ever come to fruition.  I've seen many companies that have been in the cellar even despite positive mining outlook but never get anywhere until a big change occurs. 
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