TradingCharts
2年前
270 views Mar 22, 2023
Avalon Advanced Materials Inc. (OTCQB: AVLNF) (TSX: AVL) is a Canadian mineral development company specializing in sustainably-produced materials for clean technology. The Company now has four advanced stage projects, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and zirconium.
Keynote speaker: Zeeshan Syed, President
ZoFo
2年前
I’m just waiting for them to announce a meaningful progression toward said production of Lithium. They have a new President with Don Bubar finally throwing in the towell. No word in a while on the Thunder Bay site acquisition which was originally announced in August, and according to Bubar, would close by the end of September. (2022). There is no way they will be bringing Lithium to market in 2025. No chance they break ground, if they ever close Thunder Bay deal for at least 12 months, with a construction time of at least 24 months. Best case, plant starts running in mid 2026. And I’m not holding my breath on that.
ZoFo
2年前
Here’s a preview based on Dons comments of the past 6 months, as well as an email reply I got from him 30 days ago:
We expect Thunder Bay land purchase to close in the next few weeks. The vendor has been dealing with some environmental issues, and we now have financing in place.
We are optimistic we will find a new investment partner on our Lithium processing plant, even though we previously said Essar from India, and others were on board only to have them walk.
We have lots of interest from potential take away customers, including the major glass manufacturer we have been touting for over a year.
We continue to build a road to our resources site.
We hope to get a processor for the sample rocks we put in storage 2 years ago.
“Stay tuned”.
TradingCharts
2年前
A few changes happend.
Donald Bubar, President and CEO of mineral development company Avalon Advanced Materials, discusses the latest progress made at its Separation Rapids Lithium Project in Ontario.
Securing investment
The next key step has been to secure a strategic investment partner willing to support the acquisition of an industrial site in Thunder Bay, Ontario, and contribute at least half of the funding required to establish a lithium hydroxide processing facility in Thunder Bay. It has taken a while to secure the deal with this partner (originally anticipated to be LG Energy Solution), but recently we have attracted some new interest from a major European company eager to support the industrial site acquisition and the construction of the lithium refinery.
Recent activities include starting a deep drilling programme on the Big Whopper pegmatite resource, which remains open to depth below 250m for expansion of the current 11 million tonne near surface resource. The company secured $1.95m in flow-through financing in December to fund the deep drilling programme, which is now in progress. The programme will also include drilling of the new Snowbank lithium pegmatite discovery on the northwest part of the property once the permit has been secured.
https://www.innovationnewsnetwork.com/avalons-separation-rapids-lithium-project-advances-towards-production/29528/
TradingCharts
2年前
NEWS RELEASE
January 24, 2023 No. 23-01
Avalon Appoints New VP, Operations and Announces Annual and
Special Meeting to be held on February 23, 2023
Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL and OTCQB: AVLNF) (“Avalon” or the
“Company”) is pleased is pleased to announce that it has appointed Mr. Rickardo Welyhorsky, P. Eng., as
its Vice President, Operations and Chief Operating Officer.
Mr. Welyhorsky is a registered Professional Metallurgical Engineer with over 29 years of experience
spanning all levels of project development and operations in the mining and metals industry. He brings to
Avalon a wealth of industry experience within various roles including metallurgical test work, feasibility
study work, engineering, construction, commissioning, start-up as well as operations and maintenance.
While most of his recent experience has been in the gold sector, his vast experience will mesh well with
the development needs to advance the Separation Rapids Lithium Project as well as the proposed lithium
refinery. Mr. Welyhorsky has a background in Chemical Engineering Technology and Environmental
Management from Cambrian College in Sudbury, Ontario as well as a Bachelor’s degree in Metallurgical
Engineering from Laurentian University.
Donald Bubar, Avalon’s President and CEO, commented “Mr. Welyhorsky’s extensive experience in
bringing projects into production will be a valuable addition to our management team, as we continue to
progress development of both our Separation Rapids Lithium Project and our proposed lithium refinery in
Thunder Bay.”
Annual and Special Meeting
Avalon is also pleased to announce that it will hold its Annual and Special Meeting of Shareholders (“the
Meeting”) at 10:00 am EST on Thursday, February 23, 2023 in the Cassels Boardroom, at the offices of
Cassels Brock & Blackwell LLP, Suite 2100, Scotia Plaza, 40 King Street West, Toronto, Ontario, M5H
3C2.
As only registered shareholders or their duly appointed proxyholders may attend the Meeting, Avalon will
hold a separate Shareholder Update presentation at 11:00 am EST in the same location. Virtual access
to this event will also be available via Zoom. To register for the Shareholder Update presentation, please
click the following link: http://bit.ly/3WtYR3Z.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainablyproduced materials for clean technology. The Company now has four advanced stage projects, providing
investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and
zirconium. Avalon is currently focusing on developing its Separation Rapids Lithium Project near Kenora,
Ontario while continuing to advance other projects, including its 100%-owned Lilypad Cesium-Tantalum130 Adelaide St. W., Suite 1901, Toronto, ON
https://www.avalonadvancedmaterials.com/_resources/news/nr-20230124.pdf