Avalon Advanced Materials Inc. is pleased to announce that it has completed a non-brokered private placement today consisting of 2,500,000 flow-through shares at a price of $0.20 per share for gross proceeds of $500,000. In conjunction with this private placement, Avalon paid finder's fees of $30,000 and issued 150,000 non-transferrable finder's warrants, with each finder's warrant being exercisable to acquire one common [...]
Avalon Advanced Materials Inc. is pleased to provide an update on recent developments on its 100% owned Separation Rapids Lithium Project located near Kenora, ON and on lithium markets generally. As recently reported by Benchmark Minerals Intelligence, Lithium prices are continuing to rise in China, with both technical and battery-grade carbonate prices having doubled year-to-date. The price of technical grade lithium [...]
Avalon Advanced Materials Inc. and is pleased to announce it has entered into a Letter of Intent with Fort William First Nation to collaborate on the development of a lithium battery materials refinery located on industrial lands owned by FWFN in Thunder Bay, Ontario. This facility would be designed to accept lithium mineral concentrates from Avalon's Separation Rapids Lithium Project and Rock Tech's Georgia Lake Lithium [...]
Avalon Advanced Materials Inc. is pleased to announce that its Share Capital Amendment, which involved amending the Company's articles to reflect a 500:1 consolidation of the Company's common shares, immediately followed by a 1:500 split of the Company's post-consolidated common shares, became effective today. Shareholders who held less than 500 common shares in the form of a physical certificate immediately prior to the [...]
Avalon Advanced Materials Inc. announces the results of its 2021 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 25, 2021. At the Meeting, all five director nominees listed in the Company's information circular dated January 12, 2021 were elected as directors of the Company. The detailed results of the vote are as follows: Director Number of Votes Cast Percentage of Votes Cast Donald Bubar [...]
Avalon Advanced Materials Inc. is pleased to report on its Environmental, Social and Corporate Governance Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on November 3, 2020. Avalon's overall management of material ESG issues is strong. No events or policies were identified that may negatively impact [...]
Avalon Advanced Materials Inc. and is pleased to announce that it has entered into a binding letter of intent to purchase ownership of 2333382 Ontario, which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson. Among the industrial minerals property assets owned by 2333382 is an asset transfer agreement giving 2333383 the right to acquire full title to the Cargill [...]
Avalon Advanced Materials Inc. is pleased to announce that it has closed its $3,000,000 convertible security financing with an entity managed by The Lind Partners, as described in the Company's news release of January 25, 2021. With this new funding now in place, Avalon plans to proceed this month with the bulk sampling program on its 100% owned Separation Rapids Lithium Project near Kenora, Ontario. The Company also [...]
Avalon Advanced Materials Inc. is pleased to announce that its Annual and Special Meeting of Shareholders will be held Thursday, February 25, 2021 at 10:00 am EST. As a result of the governmental prohibition against group gatherings to help reduce the spread of COVID-19, the Meeting will be held via a Zoom teleconference, and entry will be limited to registered shareholders and/or their duly appointed proxyholders [...]
Avalon Advanced Materials Inc. and is pleased to announce that it has entered into a $3,000,000 convertible security funding agreement with an entity managed by The Lind Partners , a New York based asset management firm. The convertible security has a two year term and will accrue a simple interest rate obligation of 10% per annum on the funded amount, which is prepaid and attributed to its face value upon issuance [...]
Avalon Advanced Materials Inc. is pleased to announce that the Company has released its ninth annual comprehensive sustainability report, along with its 2020 annual filings including the audited financial statements. The Company also reports that its recent news release on the the signing of a Letter of Intent with Rock Tech Lithium Inc. generated considerable media coverage for which links are provided below. The 2020 [...]
Avalon Advanced Materials Inc. and is pleased to announce it has entered into a Letter of Intent with Rock Tech Lithium Inc. to collaborate on the development of a lithium battery materials process facility in Thunder Bay, Ontario. This facility would be designed to accept lithium mineral concentrates from Avalon's Separation Rapids Lithium Project and Rock Tech's Georgia Lake Lithium Project , as well as potentially [...]
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