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.

TSX:AVL - Post by User

Avalon Advanced Materials Inc > 565 million shares outstanding

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Comment by E30S14on May 06, 2024 6:26pm

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Post# 36025910

RE:565 million shares outstanding

I've known about AVL, and have watched it from a distance for well over a decade now. I don't mean to be disrespectful, but I'm wondering how Avalon has a current market cap of around $40M while Commerce Resources has a market cap of around $21M.

Either way, I think it's fair to say that both companies have failed to generate any value for shareholders for a long long time.

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