Avalon Advances Sustainability Efforts with Proposed Solar Farm at its Thunder Bay Industrial Site
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) has announced plans to develop a zero-emission solar farm at its Thunder Bay industrial site, the future location of its lithium processing facility. This initiative highlights Avalon's commitment to sustainability and positions Ontario as a leader in advanced manufacturing and clean energy.
The proposed solar farm will repurpose unused land and utilize rooftop space, potentially generating enough renewable energy to fully support the lithium processing facility's energy requirements. This clean energy solution will help offset the facility's carbon footprint, contributing to Avalon's goal of achieving Net Zero emissions.
Strategically located near key electrical grid distribution lines, the solar farm will benefit from reduced transmission losses, enhancing energy efficiency. CEO Scott Monteith emphasized the company's commitment to building with the future in mind, integrating solar capacity to minimize environmental impact.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ha annunciato piani per sviluppare un parco solare a zero emissioni presso il suo sito industriale di Thunder Bay, futura sede del suo impianto di lavorazione del litio. Questa iniziativa evidenzia l'impegno di Avalon per la sostenibilità e posizione l'Ontario come leader nella produzione avanzata e nell'energia pulita.
Il parco solare proposto riutilizzerà terreni non utilizzati e utilizzerà spazi su tetti, con l'obiettivo di generare sufficiente energia rinnovabile per soddisfare completamente i requisiti energetici dell'impianto di lavorazione del litio. Questa soluzione energetica pulita contribuirà a compensare l'impatto di carbonio dell'impianto, contribuendo all'obiettivo di Avalon di raggiungere emissioni nette pari a zero.
Situato strategicamente vicino alle principali linee di distribuzione della rete elettrica, il parco solare beneficerà di perdite di trasmissione ridotte, migliorando l'efficienza energetica. L'amministratore delegato Scott Monteith ha sottolineato l'impegno dell'azienda a costruire pensando al futuro, integrando la capacità solare per minimizzare l'impatto ambientale.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ha anunciado planes para desarrollar un parque solar de cero emisiones en su sitio industrial de Thunder Bay, la futura ubicación de su instalación de procesamiento de litio. Esta iniciativa subraya el compromiso de Avalon con la sostenibilidad y posiciona a Ontario como líder en la manufactura avanzada y la energía limpia.
El parque solar propuesto reutilizará tierras no utilizadas y aprovechará espacios en los techos, generando potencialmente suficiente energía renovable para satisfacer completamente los requerimientos energéticos de la instalación de procesamiento de litio. Esta solución de energía limpia ayudará a compensar la huella de carbono de la instalación, contribuyendo al objetivo de Avalon de alcanzar emisiones netas de cero.
Ubicado estratégicamente cerca de las principales líneas de distribución de la red eléctrica, el parque solar se beneficiará de pérdidas de transmisión reducidas, mejorando la eficiencia energética. El CEO Scott Monteith enfatizó el compromiso de la empresa de construir pensando en el futuro, integrando capacidad solar para minimizar el impacto ambiental.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF)는 자사의 리튬 가공 시설이 위치할 썬더베이 산업 단지에 제로 배출 태양광 발전소 개발 계획을 발표했습니다. 이 이니셔티브는 Avalon's의 지속 가능성에 대한 약속을 강조하며, 온타리오주를 첨단 제조 및 청정 에너지 분야의 선도주자로 자리매김하게 합니다.
제안된 태양광 발전소는 사용되지 않는 토지를 재활용하고, 옥상 공간을 활용하여 리튬 가공 시설의 에너지 요구를 완전히 지원할 수 있는 충분한 재생 가능 에너지를 생성할 수 있습니다. 이 청정 에너지 솔루션은 시설의 탄소 발자국을 상쇄하는 데 도움을 주어, Avalon의 넷 제로 배출 목표 달성에 기여할 것입니다.
주요 전력망 배급선 근처에 전략적으로 위치한 태양광 발전소는 전송 손실을 줄여 에너지 효율성을 높일 것입니다. CEO Scott Monteith는 회사가 미래를 염두에 두고 건설할 것임을 강조하며, 환경 영향을 최소화하기 위해 태양광 용량을 통합한다고 강조했습니다.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) a annoncé des plans pour développer un parc solaire à zéro émission sur son site industriel de Thunder Bay, future localisation de son usine de traitement du lithium. Cette initiative met en avant l'engagement d'Avalon pour la durabilité et positionne l'Ontario en tant que leader dans le secteur de la fabrication avancée et de l'énergie propre.
Le parc solaire proposé réutilisera des terrains inutilisés et utilisera des espaces sur les toits, générant potentiellement suffisamment d'énergie renouvelable pour répondre à l'intégralité des besoins énergétiques de l'usine de traitement du lithium. Cette solution d'énergie propre contribuera à compenser l'empreinte carbone de l'usine, participant ainsi à l'objectif d'Avalon d'atteindre zéro émission nette.
Situé de manière stratégique près des lignes de distribution de l'électricité, le parc solaire bénéficiera de pertes de transmission réduites, améliorant l'efficacité énergétique. Le PDG Scott Monteith a souligné l'engagement de l'entreprise à construire avec un regard vers l'avenir, en intégrant des capacités solaires pour minimiser l'impact environnemental.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) hat Pläne angekündigt, einen emissionsfreien Solarpark an ihrem Industriestandort in Thunder Bay zu entwickeln, dem zukünftigen Standort ihrer Lithiumverarbeitungsanlage. Diese Initiative unterstreicht Avalons Engagement für Nachhaltigkeit und positioniert Ontario als Vorreiter in der fortschrittlichen Fertigung und der sauberen Energie.
Der vorgeschlagene Solarpark wird ungenutztes Land umnutzen und Dachflächen nutzen, um potenziell genügend erneuerbare Energie zu erzeugen, die die Energieanforderungen der Lithiumverarbeitungsanlage vollständig unterstützt. Diese saubere Energielösung wird helfen, den CO2-Fußabdruck der Anlage auszugleichen und trägt zu Avalons Ziel bei, Nett null Emissionen zu erreichen.
Strategisch günstig in der Nähe wichtiger Verteilungsleitungen des Stromnetzes gelegen, profitiert der Solarpark von reduzierten Übertragungsverlusten und verbessert die Energieeffizienz. CEO Scott Monteith betonte das Engagement des Unternehmens, mit Blick auf die Zukunft zu bauen und Solarenergie zu integrieren, um die Umweltbelastung zu minimieren.
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Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), is pleased to announce plans to develop a zero-emission solar farm at its
The proposed solar farm will repurpose a portion of the site land which is unused and non-productive and will use additional rooftop area once the facility is built. The renewable energy generated, with the potential for expansion through battery storage technology, could fully support the energy requirements of the lithium processing facility. This clean energy will help offset the facility's carbon footprint, contributing significantly to Avalon's goal of achieving Net Zero emissions.
Strategically located near the 115kV P1T and P1P electrical grid distribution lines and close to the H1 Port Arthur Transfer Station, the solar farm will benefit from reduced transmission and distribution losses, thereby enhancing energy efficiency. By harnessing local solar energy production, Avalon will reduce its carbon impact and contribute to the region's broader sustainability footprint.
Scott Monteith, CEO of Avalon, commented, "Our commitment to sustainability and ensuring innovative design components at our lithium processing facility is about ensuring we build with the future in mind. While there is work ahead to be done, Avalon is keen to integrate this solar capacity into the energy load of our project, helping us minimize our footprint."
The energy generated by the solar farm can also be fed into the grid, providing clean energy to local communities, including First Nations, and reinforce Avalon's role as a leader in sustainable development.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian advanced manufacturing 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 and Lilypad lithium-caesium projects. Avalon is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This 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 the downstream EV battery manufacturing base in the south.
For questions or feedback, please email the Company at ir@AvalonAM.com or contact Ms. Rachel Naji, Investor Relations Manager at 416-364-4938
Cautionary Statement Regarding 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 statements related to the planned solar farm, including the use of non-productive land and rooftop areas and that the energy generated by the solar farm can also be fed into the grid. 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, changes in technology and advancements in innovation may impact the development of the Company's technology innovation centre and its lithium hydroxide processing facility, 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 and Israel, 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.
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