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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 Minefinder1on Aug 19, 2004 12:50pm
222 Views
Post# 7829763

Down and out

Down and outLooks like this is another resource stock I can write off - terrible management - first they sell Cedartree for a song, the only quality gold property they had before gold goes up and the market heats up; then they sell their interest in Seagull for less than the price of a drillhole and there ends up being a new PGE discovery there which their "excellent technical team" flat out missed and now they are reduced to two mediocre properties that no-one will fund (I don't count the Co thing - obviously Bubar is blind to the fact that Voisey Bay will destroy the Co market). The lights went out on this one when Ian Campbell left a few years ago and it's very clear since that time who the brains were behind this outfit. Unfortunately I (and the others sticking around) took too long to figure this out. Call it a tax write off and move on to the next one.
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