Avalon Announces CEO Retirement
Avalon Announces CEO Retirement
Toronto, Ontario--(Newsfile Corp. - May 19, 2023) -
Avalon Advanced Materials Inc.
(TSX: AVL)
(OTCQB: AVLNF) ("Avalon" or the "Company"), a lithium-focused mineral development company
advancing critical mineral projects to support the North American battery supply chain, today announces
the retirement of its long-standing CEO, Don Bubar. Don will continue to serve on Avalon's Board of
Directors.
Scott Monteith, who was appointed to Avalon's Board of Directors in May 2023, will assume
the role of Interim CEO.
Mr. Monteith is an experienced clean tech executive, entrepreneur and business owner with a successful
track record of moving inventions from concept to commercial success.
Currently, he holds the position
of Chair of Monteco Ltd., Cable House Capital Ltd. and Imtex Membranes Corporation.
Mr. Monteith has
extensive experience in the areas of chemical manufacturing, international businesses, M&A,
government affairs and strategic planning.
Don Bubar has been leading Avalon for more than 25 years, initially steering the Company towards its
focus on critical minerals, and subsequently pioneering ESG and sustainability reporting within the junior
mining sector.
During his time at Avalon, Don grew the Company's flagship Separation Rapids Lithium
Project from exploration to development stage, positioning the project for the upcoming demand in
lithium, driven by the shift to electrification.
Alan Ferry, Chair of Avalon's Board of Directors, commented, "On behalf of the Board, I would like to
thank Don for his unwavering commitment to Avalon for over a quarter century.
With Don's invaluable
contributions, Avalon built a broad portfolio of assets and is well-positioned to advance Separation
Rapids and unlock future lithium growth through new discoveries."
"On behalf of the executive team, I would like to extend our gratitude and best wishes to Don on his
retirement," commented Zeeshan Syed, President of Avalon. "Don has been a passionate and tireless
advocate for the development of Canada's resource sector.
Avalon has been built on his vision, and we
are now poised for growth and focused on executing our new strategic plan in 2023 and beyond.
I look
forward to working with Scott, as we continue to advance our lithium assets in 2023."
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in
sustainably-produced materials for North America's battery supply chain.
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 Spodumene-Cesium-Tantalum Project located near
Fort Hope, Ontario. Social responsibility and environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail the Company at
, or phone Zeeshan
Syed, President, directly at (647) 300-4706.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/166716