Avalon Advanced Materials Appoints SCP Resource Finance as Strategic Capital Advisor for Rare Earth and Lithium Projects
Avalon Advanced Materials Appoints SCP
Resource Finance as Strategic Capital Advisor
for Rare Earth and Lithium Projects
Toronto, Ontario--(Newsfile Corp. - February 9, 2026) -
Avalon Advanced Materials Inc.
(TSX:
AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") today announced that it has engaged SCP
Resource Finance ("SCP") as strategic capital advisor to support the development of a long-term capital
and partnership strategy in connection with Avalon's lithium and rare earth element projects. Any future
capital formation related to a strategic partnership is expected to occur primarily at the project level.
SCP will work with Avalon to identify and engage strategic investors, industrial partners, and other
sources of aligned capital to advance the Company's critical-minerals assets, including its Nechalacho
rare earth project in the Northwest Territories and its proposed lithium-hydroxide processing facility in
Thunder Bay, Ontario.
Avalon is pursuing a disciplined approach to building a vertically integrated, North American critical-
minerals platform focused on supplying materials essential to energy transition, advanced
manufacturing, and defense applications. The engagement of SCP reflects the Company's intent to
proactively position its assets for strategic investment and partnership as its projects mature and market
conditions evolve.
"As Avalon's projects move into later stages of development, the complexity and scale of strategic
engagement increase materially," said Scott Monteith, President and CEO of Avalon. "Engaging SCP
reflects our decision to formalize this workstream to ensure we are engaging the right counterparties, in
the right sequence, and on terms that support long-term value creation for all stakeholders."
Avalon will continue to evaluate capital-formation alternatives consistent with its development timeline,
balance-sheet objectives, and long-term shareholder value creation.
About SCP Resource Finance
Established in May 2023, SCP is a leading broker dealer specialized in the global mining sector that
provides research, distribution, financing and advisory to small and mid-cap resource companies. The
team at SCP has worked together since 2017, previously under the Sprott Capital Partners banner, and
has raised more than $9.1 billion of capital and advised on $6.7 billion in M&A transactions / strategic
investments. Headquartered in Canada and with an office in London, SCP has one of the broadest
mining investment teams globally.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian critical minerals company advancing the supply of
materials essential for Canada's future. The Company is focused on developing strategic assets that
support secure, domestic supply chains and long-term economic growth. Avalon is advancing the
Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, which contains all
light and heavy rare earth elements, as well as yttrium, zirconium, tantalum, and niobium—critical
minerals used in advanced technologies across the communications, defense, clean tech, and energy
sectors. The Company is also focused on vertically integrating the Ontario lithium supply chain through
the development of Lake Superior Lithium Inc., Ontario's first midstream lithium hydroxide processing
facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontario's lithium
resources and the growing EV battery manufacturing base in southern Ontario and North America.
Through a joint venture with SCR Sibelco NV, Avalon is advancing the Separation Rapids Lithium
Project near Kenora, Ontario, as well as continuing exploration at its Snowbank lithium and Lilypad
lithium-cesium deposits.
For further information regarding Avalon Advanced Materials Inc., please visit
www.avalonadvancedmaterials.com
, or call 416-364-4938.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as "add" or "additional", "advancing", "anticipates" or "does not anticipate",
"appears", "believes", "can be", "conceptual", "confidence", "continue", "convert" or "conversion",
"deliver", "demonstrating", "estimates", "encouraging", "expand" or "expanding" or "expansion",
"expect" or "expectations", "forecasts", "forward", "goal", "improves", "increase", "intends",
"justification", "plans", "potential" or "potentially", "promise", "prospective", "prioritize", "reflects",
"robust", "scheduled", "suggesting", "support", "top-tier", "updating", "upside", "will be" or "will
consider", "work towards", or variations of such words and phrases or state that certain actions, events
or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or achievements of the Company to
be materially different from those expressed or implied by such forward-looking information, including
those risk factors discussed or referred to in the annual information form of the Company dated
November 28, 2024 (the "AIF") under the heading "Description of the Business - Risk Factors".
Forward-looking information is based on the reasonable assumptions, estimates, analysis and
opinions of management made in light of its experience and perception of trends, current conditions
and expected developments, as well as other factors that management believes to be relevant and
reasonable in the circumstances at the date that such statements are made, but which may prove to
be incorrect. Although the Company believes that the assumptions and expectations reflected in such
forward-looking information are reasonable, undue reliance should not be placed on forward-looking
information because the Company can give no assurance that such expectations will prove to be
correct. Although the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not undertake to update any forward-
looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/283154