Avalon Cancels Special Meeting of Shareholders
Avalon Cancels Special Meeting of
Shareholders
Toronto, Ontario--(Newsfile Corp. - October 6, 2025) -
Avalon Advanced Materials Inc.
(TSX: AVL)
(OTCQB: AVLNF) ("
Avalon
" or the "
Company
") today announced that its special meeting of
shareholders (the "Special Meeting") scheduled for October 7, 2025 has been canceled. The decision
follows the Company's determination that quorum requirements (i.e., not less than 20% of the issued and
outstanding shares of the Company carrying voting rights) for the Special Meeting had not been met by
the extended proxy voting deadline of October 6, 2025, at 4:00 p.m. Eastern Time.
The Board of Directors expects that the matter originally scheduled for shareholder consideration at the
Special Meeting - adoption of a shareholder rights plan - will be considered for approval at a later date.
Proxies submitted for the Special Meeting will not carry over to any future meeting of the Company's
shareholders at which a shareholder rights plan is considered and are no longer effective.
Avalon remains committed to engaging its shareholders and ensuring broad participation on matters of
importance to the Company and its future. Avalon shareholders may contact Avalon Investor Relations at
or 416-364-4938 for further information about the cancelled Special Meeting.
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 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. The Company is also
advancing the Nechalacho Rare Earths and Zirconium Project in the Northwest Territories. This deposit
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.
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/269349