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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 22, 2023 3:55pm
232 Views
Post# 35695426

Battery Recycling Adds Juice To Avalon’s Thunder Bay Lithium

Battery Recycling Adds Juice To Avalon’s Thunder Bay LithiumLithium junior miner colours in the details of its proposed processing and technology park.

Recycling the valuable metals from waste batteries has entered into the plans for Avalon Advanced Materials, a potential lithium plant developer in Thunder Bay.

The Toronto company released details this week on the joint venture partnership deal it signed with Metso of Finland, a leading European provider of clean mining processing technology. 

In an Oct. 19 news release, Avalon mentioned it’s added a battery recycling element and the “refining of battery chemicals for recycle use” to its grander vision of creating an industrial and research park at its chosen site in Thunder Bay’s north end.

Avalon said it’s entered into an “expanded partnership agreement” with Metso, a development partner with which it signed a memorandum of understanding last July. 

Metso is its technology partner in the operation of the proposed refinery, which would handle feed from Avalon’s Separation Rapids deposit near Kenora.
 

A recycling operation could rival Electra Battery Materials operation in northeastern Ontario. Electra is well underway on the battery recycling front in running ‘black mass’ trials at a refinery its renovating near Temiskaming Shores.

The combined number of jobs for Avalon's integrated pit mining operation and a plant in Thunder Bay is said to be 500. The company is aiming for a 2028 refinery startup.

Avalon is pitching the refinery as a clean-tech, non-emitting operation as well as a training ground for post-secondary students. 

The Technology and Innovation Centre would combine processing, recycling. training and research labs in collaboration with Confederation College and Lakehead University. Along with testing and assay labs, the centre would include a full-scale demonstration plant for testing various lithium pegmatite minerals. Metso will provide the training.

In a statement, Avalon President Zeeshan Syed called this agreement the “next step” in building a regional processing hub for other budding lithium projects in the northwest. 
 

Syed said the “expanded scope of our partnership will create supply chain efficiencies and increase the value of previous investment commitments in the province of Ontario.”

The two companies will put to use an environmentally friendly and proprietary process that uses an alkaline leach process for lithium conversation. This method reduces air emissions compared to conventional lithium processing.

Mikko Rantaharju, Metso’s vice-president of hydrometallurgy, called the partnership a “bold vision” on a “remarkable project” to develop a sustainable battery-grade lithium product.

“This agreement marks yet another key milestone between the parties as we advance forward to build a wide scope of economic benefits for the future.”

Avalon is among a pack of four leading lithium junior miners in northwestern Ontario, alongside Green Technology Metals, Rock Tech Lithium and Frontier Lithium, all jockeying to be first to market in Ontario.



 

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