Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s): AVLNF

Metals & Mining Industrial Metals & Minerals

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.

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Avalon Advanced Materials Inc

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Post by smootjoneson Jun 28, 2023 7:37am

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Post# 35517949

EV Manufacturers looking to sure up their supply

VW and BMW are still looking to sure up their Li supply. I don't think the initiial investment by Sibelco would have been made, nor the purchase in TB completed without a major player ready to commit. Sibelco would be out the ~65m they invested knowing Avalon would never have enough funding to build a refinery. It's only a matter of time until we hear about government funding, a major EV player funding or perhaps both...

https://www.aol.com/news/threatened-shortages-electric-car-makers-061016380.html

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