Avalon Advanced Materials Announces Appointment of PJ Juvekar to Board of Directors
Avalon Advanced Materials Announces
Appointment of PJ Juvekar to Board of
Directors
Toronto, Ontario--(Newsfile Corp. - June 12, 2026) -
Avalon Advanced Materials Inc.
(TSX:
AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Mr. PJ
Juvekar to its Board of Directors, effective June 8, 2026.
Mr. Juvekar is a former top-ranked Wall Street analyst and accomplished business leader with more
than 30 years of experience across capital markets, corporate strategy, and industrial sectors. He has
developed extensive expertise in chemicals, agriculture, energy transition, climate technology, and
broader industrial markets.
During his more than two decades at Citigroup, Mr. Juvekar held several senior leadership positions,
ultimately serving as Global Head of Research for Chemicals, Agriculture, and Climate Tech. In this role,
he advised institutional investors and corporate executives on industry dynamics, strategic positioning,
and long-term value creation, earning recognition as one of Wall Street's most respected sector
analysts.
Mr. Juvekar currently serves as a Senior Advisor with Boston Consulting Group ("BCG"), where he
advises corporate boards and executive teams on value creation, capital allocation, competitive
positioning, and investor communication. He also serves as a Senior Advisor to Nouryon, a Carlyle-
owned specialty chemicals company, where he provides strategic guidance focused on long-term
shareholder value creation.
Over the course of his career, Mr. Juvekar has advised on numerous IPOs, mergers and acquisitions,
strategic transactions, and capital markets initiatives involving both public and private companies,
including private equity-backed businesses. His experience spans critical industrial and energy
transition markets that are increasingly relevant to Avalon's rare earths and lithium development strategy.
"PJ brings an exceptional combination of capital markets credibility, industrial sector expertise, and
strategic advisory experience that is rarely accessible to a company of Avalon's size," said Alan Ferry,
Chair of the Board of Avalon Advanced Materials. "As Avalon advances toward the next stage of
corporate and project development, including expanded engagement with institutional investors,
government stakeholders, and strategic industry participants, PJ's perspective and network will be
tremendously valuable. We are delighted to welcome him to the Board."
Scott Monteith, Chief Executive Officer of Avalon, added: "PJ's appointment represents another
important step in Avalon's evolution as we work to position the Company as a strategically relevant North
American critical minerals platform. His deep understanding of industrial value chains, energy transition
markets, capital allocation, and investor expectations will strengthen our Board substantially. PJ has
spent decades advising leading global companies and investors, and his insight will be invaluable as
Avalon advances the Nechalacho rare earths project, the Lake Superior Lithium project, and broader
downstream processing opportunities."
Mr. Juvekar commented: "I am humbled and honored by this appointment. Avalon possesses a unique
combination of strategically important critical mineral assets, downstream processing ambition, and
long-term alignment with North American supply chain priorities. I believe the Company is positioned to
play an increasingly important role in supporting the development of secure and sustainable critical
minerals supply chains. I look forward to working with the Board and management team as Avalon
advances its next phase of growth and value creation."
Mr. Juvekar holds a Bachelor of Science in Chemical Engineering from the Institute of Chemical
Technology, a Master of Science in Chemical Engineering from the University of Maine, and an MBA in
Finance and Strategy from Carnegie Mellon University's Tepper School of Business.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on advancing lithium
and rare earth elements-two of the fastest-growing segments of the global energy transition. The
Company is developing strategic assets to participate in high-growth markets and support the build-out
of secure North American supply chains. 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, advanced technologies, 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 is expected to serve as a cornerstone of North America's integrated battery materials
supply chain, transforming northern Ontario lithium into essential inputs for transportation, grid storage,
and advanced manufacturing.
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 26, 2025 (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.
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