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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 Goodtoreadthis1on Jul 21, 2023 1:05pm
222 Views
Post# 35551773

Spodumene shipping breaks records

Spodumene shipping breaks records

Spodumene shipping breaks records

Western Australia has broken a total of 16 shipping records across its Albany, Bunbury and Esperance ports, thanks to record shipments of spodumene.

 

Spodumene is a mineral consisting of lithium and is used primarily in vehicle and cell phone batteries.

Combined, the three ports exported a total of 2.4 million tonnes of spodumene for the 2023 financial year (FY23), smashing the previous record of 1.9 million tonnes last year.

The Port of Banbury alone exported 1.5 million tonnes of spodumene, while the Port of Albany exported 256,000 tonnes of silica sands.

Southern Ports chief executive officer Keith Wilks said that FY23 has been a bumper year for trade.

“Growth and diversification of our trade is important as our state transitions to new commodities, including those that support renewable energy production,” Wilks said.

“A record 2.4 million tonnes of spodumene was also exported through our ports over the past year, contributing to our state’s critical battery and minerals trade which will shape our country’s clean energy future.”

“These records are testament to the terrific work of our local teams and all of our customers and port service providers who are working together to deliver Western Australian products to world markets.

“Ports play a critical role in WA’s economy, and we’re proud to be delivering outcomes to support this.”


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