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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 garmin1on Oct 16, 2023 12:18pm
237 Views
Post# 35685535

Possible $100M gov’t funding for Nechalacho??

Possible $100M gov’t funding for Nechalacho??Canadian Infrastructure Bank has publicly said that $100 million to be announced this quarter for a critical minerals project in the north, no exact detail of which project it will be, only hinted that it produces multiple critical minerals and has got a feasibility study. Mentioned that it is a private enterprise, so I wonder if it's  referencing Cheetah, the underlying owner of the near surface mineral tenements at Nechalacho?

-Vital Metals continues to be in ASX voluntary suspension saying a material funding is pending.

-In the last 24 hours Vital has announced a new managing director and CEO Dr. Geordie Mark. Real interesting credentials.

-On Sept 11 Avalon's press release notes that currently they are awaiting  permits for drilling at Nechalacho.
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