Avalon Advanced Materials Inc T.AVL

Alternate Symbol(s): AVLNF

Metals & Mining Industrial Metals & Minerals

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.

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Avalon Advanced Materials Inc > Wake Up Canada And Take A Stand.

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Post by goldennorthon Dec 24, 2023 4:14pm

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Post# 35799855

Wake Up Canada And Take A Stand.

Once touted as solution to China in rare earth market, N.W.T. project now taking Chinese investment

Bill Braden, a former N.W.T. MLA who for two years worked for Vital's Canadian subsidiary, Cheetah Resources, as a communications assistant for Nechalacho, calls it a "betrayal."

"Here was a world class Canadian deposit that could be a serious player in breaking Chinese dominance of the rare earth market in the western world. And now sadly, so sadly for me, a Canadian resource is now simply part of the Chinese supply chain."

Avalon retains ownership of the mineral resources below a depth of 150 metres above sea level (including the Basal Zone deposit that was the focus of Avalon's positive 2013 Feasibility Study) and will continue to have access to the property for exploration, development and mining purposes.

https://www.cbc.ca/news/canada/north/nechalacho-chinese-investment-1.7064072

https://www.cbc.ca/news/canada/north/rare-earth-nechalacho-china-interest-1.7067229

https://avalonadvancedmaterials.com/_resources/Thor_Lake_Area_and_Regional_Infrastructure.pdf?v=0.502

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