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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

Post by KIMAUIon May 25, 2023 1:47pm
202 Views
Post# 35464220

Frustrated - patience is/has run out

Frustrated - patience is/has run out

Here is the realistic problem we face now- 3 years ago we were the only player wanting to refine. Now you have 2 other companies with deposits wanting to build :

Green tech is literally beside AVL land with more money, more backing and stole our partner.

Frontier has a massive deposit (but no way to get it out) but wants to build one hour away and conveniently Nipigon/Red Rock Indian Band are planning to revitalize the port in Nipigon.

 

So here we are, a company who has touted pedalite for glass ceramics (with no partners/buyers in that sector) now flipping to battery grade lithium with no cash, our one "partner" in LGES just invested in our competitor, new management, delayed starts and non defined resources.

 

Why would gov't support us? I am heavily invested here and am very very disappointed that management baited us in with false timelines, contracts, partners...etc. Of all the hype Don had promised not one thing has happened to date. Rewatch some of the conferences ..etc from Nov/Dec 2022. There were some very definitive timelines and "guarantees" made by Don. They can push him out, but Avalon and the board are responsible for this, not just Don. They have a very small window to keep my investment - if not, I walk with a loss and encourage you all to do the same.

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