Avalon Publishes 2022 Annual Sustainability Report
Avalon Publishes 2022 Annual Sustainability
Report
Toronto, Ontario--(Newsfile Corp. - December 5, 2022) -
Avalon Advanced Materials Inc.
(TSX: AVL)
(OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has published its 2022
annual sustainability report along with its audited annual financial statements. The 2022 Sustainability
Report can be accessed on the Company's website at:
https://www.avalonadvancedmaterials.com/sustainability/sustainability_reporting/
.
The 2022 Sustainability Report focuses on health and safety, social, environmental and economic
matters that are material to Avalon. It incorporates a self-assessment of Avalon's 2022 fiscal year
sustainability performance sets targets for 2023 and long-term goals, as well as assessing against the
applicable Towards Sustainable Mining indicators defined by the Mining Association of Canada.
Avalon's 2022 Sustainability Report was prepared in accordance with the Global Reporting Initiative
("GRI") Standards, core option.
This year, Avalon continued its integration of the United Nations 17 Sustainable Development Goals
("SDGs") into its sustainability reporting. The 17 SDGs were set by the United Nations in 2015 and are
the world's shared plan to end extreme poverty, reduce inequality and protect the planet by 2030. Avalon
has aligned its GRI Index with the applicable SDGs in order to assess its business contributions towards
each SDG.
Don Bubar, President and CEO, commented, "Sustainable mineral development initiatives related to
critical minerals for clean technology have inspired us to look at new process technologies such as
sensor-based ore sorting and dense media separation that will make our projects more cost efficient,
and greatly reduce environmental impacts while adding to shareholder value and generating significant
benefits for local Indigenous communities. Sustainability reports, such as this one, provide tangible
evidence that practice in the mineral development industry is evolving as it transitions toward more
cleantech materials production; embraces new, more efficient process technologies; and reduces the
scale of its initial operations - all resulting in a greatly reduced environmental footprint compared to that
associated with the traditional mining industry."
The Company has also recently completed the filings of its 2022 audited Consolidated Financial
Statements, Management's Discussion and Analysis and Annual Information Form with Canadian
security regulators, for the Company's fiscal year ended August 31, 2022. Copies of these filings are
available through SEDAR at
http://www.sedar.com
and they are also accessible on the Company's
website at
http://www.avalonadvancedmaterials.com/investors/regulatory_filings
.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. 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.
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-Tantalum- Lithium Project located near Fort Hope, Ontario. Social responsibility
and environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail Avalon President and CEO, Donald Bubar, at
.
This news release contains "forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-
looking statements include, but are not limited to, statements related to sustainability performance
targets for 2023 and long-term goals. Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "potential", "scheduled", "anticipates", "continues",
"expects" or "does not expect", "is expected", "scheduled", "targeted", "planned", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be" or "will not be" taken, reached or result, "will occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Avalon to be materially
different from those expressed or implied by such forward-looking statements. Forward-looking
statements are based on assumptions management believes to be reasonable at the time such
statements are made. Although Avalon has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual
results to differ materially from expected results described in forward-looking statements include, but are
not limited to market conditions, and the possibility of cost overruns or unanticipated costs and expenses
as well as those risk factors set out in the Company's current Annual Information Form, Management's
Discussion and Analysis and other disclosure documents available under the Company's profile at
www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Such forward-
looking statements have been provided for the purpose of assisting investors in understanding the
Company's plans and objectives and may not be appropriate for other purposes. Accordingly, readers
should not place undue reliance on forward-looking statements. Avalon does not undertake to update
any forward-looking statements that are contained herein, except in accordance with applicable
securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/146748