Avalon to Host Q&A on Building Ontario's First Battery-Grade Lithium Supply Chain
Avalon to Host Q&A on Building Ontario's First
Battery-Grade Lithium Supply Chain
Toronto, Ontario--(Newsfile Corp. - December 5, 2023) - Consistent with its mission to build Ontario's
first vertically-integrated lithium supply chain,
Avalon Advanced Materials Inc.
(TSX: AVL) (OTCQB:
AVLNF) ("Avalon" or the "Company") is pleased to provide investors with a strategic update on its
corporate strategy for the 2024 fiscal year.
What:
1 hour Q&A Webinar
When:
Thursday, Dec. 7, 2023 at 11 a.m. ET
Who:
Scott Monteith, Chief Executive Officer, Avalon
Zeeshan Syed, President, Avalon
Jan Holland, Executive Chairman, Avalon
How:
Register Now
Members of the Company's senior leadership team will also provide a detailed overview of the
transformative developments that were achieved in 2023, including a new joint venture agreement to
commercialize the flagship Separation Rapids petalite deposit in Northwestern Ontario, as well as the
purchase of the Strathcona industrial site in Thunder Bay. The site will host a planned full-service lithium
hydroxide processing facility-a historic first in Ontario.
"Avalon has achieved a number of significant milestones that demonstrate our new management team's
steadfast commitment to delivering on the potential Avalon has long had-and our shareholders have long
expected," Avalon CEO Scott Monteith said. "We have a number of key initiatives in store for fiscal 2024
we are beginning to share with the market, as we continue to pursue an aggressive growth strategy to
process and deliver battery-grade lithium to an expanding base of battery manufacturers in southern
Ontario and North America."
Webinar Agenda:
Avalon strategic overview
Details of Separation Rapids, Ltd. joint venture
Development plans for Strathcona processing facility
Additional Avalon critical mineral projects under development
Avalon encourages shareholders and other interested parties to register for the one-hour live
presentation and question-and-answer session, by visiting the
webinar registration page
.
In advance of the presentation, attendees are encouraged to download and read the
Avalon, Fall 2023
whitepaper,
Securing Canada's Critical Minerals Future
for additional company background and
context.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company focused on vertically
integrating the Ontario lithium supply chain. The Company, through its joint venture with SCR Sibelco NV,
is currently developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to
advance the Snowbank lithium project nearby, and its Lilypad lithium-caesium project located near Fort
Hope, ON. Avalon is also working to develop its Nechalacho rare earths and zirconium project located in
the Northwest Territories. The deposit contains critical minerals for use in advanced technologies in the
communications and defense industries among other sectors.
In addition to these upstream activities, Avalon is executing on a key initiative to develop Ontario's first
midstream lithium hydroxide processing facility in Thunder Bay, ON, a vital link bridging the lithium
resources of the north with downstream EV battery manufacturing customers and markets in the south.
Social responsibility and environmental stewardship are corporate cornerstones. Avalon is listed on the
TSX: AVL and OTCQB: AVLNF.
For more information and media inquiries, Jim Jaques, Chief Administrative Officer, Avalon
Advanced Materials at
.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited to, the development of
the Company's material lithium projects, including the construction of the Company's lithium
processing facility, operations outlook, and the expected benefits from the facility. 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
risks associated with mineral exploration and development operations such as: environmental
hazards and economic factors as they affect the cost and success of the Company's capital
expenditures, the ability of the Company to obtain required permits and approvals, the ability of the
Company to obtain financing, uncertainty in the estimation of mineral resources, uncertainty with
respect to the ability to successfully construct and develop the Company's lithium processing facility,
the price of lithium, no operating history, no operating revenue and negative cash flow, land title risk,
the market price of the Company's securities, the economic feasibility of the Company's mineral
resources and the Company's commercial viability, inflation and uncertain global economic
conditions, uncertain geo-political shifts and risks, successful collaboration with indigenous
communities, future pandemics and other health crises, dependence on management and other
highly skilled personnel, title to the Company's mineral properties, the ongoing war in Ukraine,
extensive government and environmental regulation, reliance on artificial intelligence technology to
influence mining operations, volatility in the financial markets, uninsured risks, climate change, threat
of legal proceedings, as well as those risk factors discussed or referred to in the annual information
form of the Company dated November 28, 2023 (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. In addition to other factors and assumptions identified in the AIF,
assumptions have been made regarding, among other things: management of certain of the
Company's assets by other companies or joint venture partners, the Company's ability to carry on its
exploration and development activities without undue delays or unbudgeted costs, the ability of the
Company to obtain sufficient qualified personnel, equipment and services in a timely and cost-
effective manner, the ability of the Company to operate in a safe, efficient and effective manner, the
ability of the Company to obtain all necessary financing on acceptable terms and when needed, the
accuracy of the Company's resource estimates and geological, operational and price assumptions on
which these are based and the continuance of the regulatory framework regarding environmental
manners. Readers are cautioned that the foregoing list is not exhaustive of all factors and
assumptions that may have been used. 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/189883