Welcome to our dedicated page for Avalon Advanced news (Ticker: AVLNF), a resource for investors and traders seeking the latest updates and insights on Avalon Advanced stock.
Avalon Advanced Materials Inc. (AVLNF) delivers vertically integrated lithium solutions through advanced mineral processing and sustainable resource development. This news hub provides investors with essential updates on the company's strategic initiatives in Ontario's critical minerals sector.
Access timely press releases and analysis covering Avalon's lithium hydroxide facility development, resource exploration milestones, and strategic partnerships. Our curated collection ensures transparent tracking of key operational areas including:
• Project advancements at Separation Rapids and Thunder Bay processing infrastructure
• Technical innovations in battery-grade lithium production
• Strategic collaborations strengthening Canada's EV supply chain
• Resource expansion through systematic exploration programs
Bookmark this page for direct access to verified updates on Avalon's progress in bridging mining operations with advanced manufacturing capabilities. Stay informed about developments impacting North America's critical minerals landscape through our maintained news repository.
Avalon Advanced Materials (TSX: AVL) (OTCQB: AVLNF) and its JV partner Sibelco report significant lithium drill results from the Separation Rapids Project in Ontario. Highlights include:
- SR24-121: 1.54% Li2O over 136.95 meters from 321.00m, including 2.28% Li2O over 4.00 meters from 421.00m
- SR24-119: 1.87% Li2O over 17.15 meters from 284.40m
- SR24-120: 1.60% Li2O over 12.80 meters from 66.15m
The results indicate potential for resource expansion, especially at depth. An updated Mineral Resource Estimate is planned for Q3 2024, incorporating the new drill data. The total drill meterage has increased from 18,500 to 26,241 meters. A property-wide mapping program covering 5 kilometers along strike was completed in July 2024 for further evaluation.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) and its JV partner Sibelco are updating the mineral resource estimate for the Separation Rapids Project in Kenora, Ontario. The 2024 winter drill campaign showed significant lithium intersections, including:
- SR24-114: 1.67% Li2O over 105.6m from 313.5m depth
- SR24-113: 1.68% Li2O over 66.2m from 292.2m depth
- SR24-115: 1.81% Li2O over 13.8m from 93.5m depth
These results confirm high-grade lithium and potential to increase the mineral resource base. The updated MRE is expected in Q3 2024. Avalon's CEO Scott Monteith expressed confidence in increasing the resource base and highlighted the project's importance for Canada's Critical Mineral Strategy and Avalon's Thunder Bay Processing facility.
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) reports significant lithium intersections from its 2024 winter drill campaign at the Separation Rapids Project in Ontario. Key highlights include:
- SR24-114: 1.67% Li2O over 105.6m from 313.5m depth
- SR24-113: 1.68% Li2O over 66.2m from 292.2m depth
- SR24-115: 1.81% Li2O over 13.8m from 93.5m depth
The drilling campaign focused on upgrading and expanding mineral resources at the Big Whopper Deposit. Results indicate potential for resource expansion, particularly at depth. Ongoing work includes geotechnical studies, mineralogical analysis, and environmental baseline studies. A property-wide mapping program is set to commence in late July 2024.
Avalon Advanced Materials has appointed Dr. Andrew J. Ramcharan as the new Vice President of Corporate Development. This strategic move aims to enhance governance and drive the company's objective to establish Ontario's first vertically integrated lithium supply chain for the North American EV battery market. Dr. Ramcharan, a global mining executive, brings extensive expertise in engineering, finance, and investor relations. His background in debt and equity financings and project evaluations is expected to support Avalon's ambition to build a Lithium Hydroxide converter in Thunder Bay. This appointment is seen as a significant step towards achieving Avalon's strategic goals and fostering future growth.
Avalon Advanced Materials announced the results of an independent valuation report by AFRY Canada for its proposed lithium processing facility in Thunder Bay, Ontario. The report estimates the replacement cost of the site's infrastructure at $46 million, with land valued between $11 to $16 million, totaling $57 to $62 million. The site covers 377 acres, including buildings, underground services, electrical services, rail spurs, and a deep-water port. CEO Scott Monteith emphasized that the existing infrastructure accelerates the timeline for constructing Ontario's first lithium hydroxide conversion facility.
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