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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

Comment by KIMAUIon Nov 30, 2023 10:37am
187 Views
Post# 35760934

RE:RE:RE:RE:federal $

RE:RE:RE:RE:federal $Nick - I assume (and to clrify) The plant is not phsycially in place - it is in place with Metso agreeing to partner on the build. They will be using all Metso technology and equipment, so yes, in essence the plant is in place. Assuming Metso will be majority holder of the refinery, they would also have the funds to build the majority of it. If gov't does kick, there may be little to no need for dilution. That said, I asssume we will be issued shares of any JV newco (similair to sibeclo and SR). I love this - let the experts do their thing and we just hand on for the ride! 
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