Avalon Announces the Results of its 2026 Annual and Special Meeting of Shareholders
Rhea-AI Summary
Avalon (OTCQB: AVLNF) reported results from its 2026 Annual and Special Meeting held February 26, 2026 in Toronto. All seven director nominees were elected, Ernst & Young LLP was re-appointed auditor, stock option and RSU plans were continued, the Deferred Share Unit Plan was amended, and By-law No. 1 quorum was amended.
The vote totals show directors elected with between 89.92% and 96.09% support on ballots cast.
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News Market Reaction – AVLNF
In the Mar 2 session, AVLNF declined 3.56%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Toronto, Ontario--(Newsfile Corp. - March 2, 2026) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") announces the results of its 2026 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 26, 2026 (the "Meeting"). At the Meeting, all seven director nominees listed in the Company's information circular dated January 13, 2026, were elected as directors of the Company. The detailed results of the vote are as follows:
| Director | Number of Votes Cast | Percentage of Votes Cast | |
| Alan Ferry | For: Against: | 137,688,955 15,440,265 | |
| Timothy Haig | For: Against: | 147,144,667 5,984,553 | |
| Flavio Hees | For: Against: | 147,027,868 6,101,352 | |
| Naomi Johnson | For: Against: | 137,908,842 15,220,378 | |
| Alec Kodatsky | For: Against: | 145,610,766 7,518,454 | |
| Scott Monteith | For: Against: | 143,783,301 9,345,919 | |
| Harvey L.A. Yesno | For: Against: | 145,104,900 8,021,320 |
At the Meeting, shareholders also re-appointed Ernst & Young LLP as auditors of the Company, approved the continuation of the Company's Stock Option and RSU Plans, ratified the amendment to the Deferred Share Unit Plan, and approved the amendment to By-law No. 1 regarding the quorum requirement for shareholder meetings.
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 advancing the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, which 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. The Company is also 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 cornerstone of North America's integrated battery materials supply chain, transforming northern Ontario lithium into essential inputs for transportation, grid storage, and advanced manufacturing. Through its joint venture with SCR Sibelco NV, Avalon holds a minority interest in the Separation Rapids Lithium Project near Kenora, Ontario.
For further information regarding Avalon Advanced Materials Inc., please visit www.avalonadvancedmaterials.com, email ir@avalonam.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 26, 2025 (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/285939