Avalon Releases Annual Sustainability Report, Annual Filings and Closes Financing
Avalon Releases Annual Sustainability Report, Annual
Filings and Closes Financing
Toronto, Ontario--(Newsfile Corp. - December 3, 2018) -
Avalon
Advanced Materials
Inc.
(TSX: AVL) (OTCQB: AVLNF)
("Avalon" or the "Company") is pleased to announce the release of its seventh annual comprehensive Sustainability Report,
along with the release of its 2018 annual filings and that it has closed its previously announced $500,000 convertible security
funding.
The 2018 Sustainability Report entitled
Refocus, Revive & Restore
focuses on health and safety, social, environmental and
economic matters that are material to the Company. It also incorporates a self-assessment of Avalon's 2018 fiscal year
sustainability performance and sets targets for 2019 against the applicable
Toward
s
Sustainable Mining
indicators defined by
the Mining Association of Canada. The 2018 Sustainability Report prepared in accordance with the Global Reporting Initiative
("GRI") Standards, core option and is available from the Company's website at
http://www.avalonadvancedmaterials.com/sustainability/2018-sustainability-report
.
Don Bubar, President and CEO, commented, "Sustainability is integral to our mission of building a profitable cleantech
materials supply chain business that embraces high performance in areas of safety and social and environmental responsibility.
Transparently reporting to our stakeholders is a strategic advantage that we believe will ultimately lead to enhanced shareholder
value through better access to markets for our cleantech materials products and reduced risks of delays in receiving necessary
permits and approvals. We will continue to pursue sustainability in all areas of our business and promote improved mineral
industry practices with investors, potential partners and government."
The Company also announces that it has closed its previously announced $500,000 convertible security funding with an entity
managed by The Lind Partners, a New York based asset management firm, as described in the Company's
news release of
November 26, 2018
.
The Company has completed the filings of its 2018 Consolidated Financial Statements, Management's Discussion and Analysis
and Annual Information Form with Canadian security regulators, as well as its Annual Report on Form 20-F with the U.S.
Securities and Exchange Commission for the Company's fiscal year ended August 31, 2018. Copies of these filings are
available through SEDAR at
http://www.sedar.com
or through EDGAR at
http://www.sec.gov
or on the Company's website at
http://www.avalonadvancedmaterials.com/investors/regulatory_filings/
.
Shareholders may request a printed copy of the Consolidated Financial Statements and/or the 2018 Sustainability Report by
email to
or by regular mail to Investor Relations, Avalon Advanced Materials Inc., 130 Adelaide Street West,
Suite 1901, Toronto, Ontario M5H 3P5.
This news release is not an offer of securities for sale in the United States. The securities have not been and will not be
registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the
United States or to US persons (as defined in Regulation S under the US Securities Act) absent registration or an applicable
exemption from registration. All currency reported in this release is in Canadian dollars.
For questions and feedback, please e-mail the Company at
, or phone Don Bubar, President & CEO at 416-
364-4938.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche market metals and minerals
with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors
with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently
focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social
responsibility and environmental stewardship are corporate cornerstones.
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
the Company's 2019 sustainability targets
,
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.