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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 phantom666on Oct 11, 2023 12:14pm
174 Views
Post# 35678873

The Race Is On!

The Race Is On!

Brownfield space in Thunder Bay’s north end is becoming a hot spot for the lithium industry.

Green Technology Metals said the former Cascades paper plant is its leading property to place a lithium hydroxide conversion facility, potentially the second such facility slated for the city. 

In posting its “mine-to-chemical” strategy for northwestern Ontario this week, the company said it has a letter of intent for a 25-hectare industrial port site at 550 Shipyard Drive, the location of the former Cascades Fine Papers mill, also known as Superior Fine Papers, which was demolished in 2015.

It’s not far from where another regional lithium miner, Avalon Advanced Materials, wants to build its own lithium chemical refinery.

A lithium hydroxide conversion facility is a refinery that takes lithium concentrate, processed at the mine site, and converts it into a battery-grade material that the electric vehicle manufacturers are after.

Green Tech calls the Thunder Bay mill site a “contender,” along with a few other select sites that they’re eyeballing around the city, pending a thorough evaluation of the property from an environmental, permitting and community acceptance standpoint. 

The company said they evaluated 56 brownfield sites in northwestern Ontario, focusing on heavy industrial zoned sites, before settling on this one.

Headquartered in Perth, the company has two main lithium deposits in northwestern Ontario that it’s eager to bring into production within this decade. 

The Seymour Project, situated on the top end of Lake Nipigon, is the most advanced and is being touted as the company’s “Eastern Hub,” while its Root Project, northeast of Sioux Lookout, is dubbed the “Western Hub.”
 

Both deposits will provide feed for the Thunder Bay processing hub. 

The company’s ‘timeline to production’ is to start mining at Seymour in 2025. Lithium processing is Thunder Bay is slated for 2028. Root tentatively could start production in 2029.

Both properties are actively being drilled off and explored to expand the lithium resources there and generate more feed for Thunder Bay.

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