Avalon Advanced Materials Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Avalon Advanced Materials Inc
Perm ID: 1-4295863153
https://avalonadvancedmaterials.com/
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Avalon Advanced Materials Adopts Shareholder Rights Plan
Avalon Advanced Materials Inc. has adopted a shareholder rights plan to ensure fair treatment of all shareholders against unsolicited take-over bids and creeping bids. The plan, effective April 8, 2025, requires shareholder ratification and aims to protect company interests.
Avalon Announces the Results of its 2025 Annual and Special Meeting of Shareholders
Avalon Advanced Materials Inc. held its 2025 Annual and Special Meeting on February 27, where all seven director nominees were elected and Ernst & Young LLP was re-appointed as auditors. Shareholders approved a share issuance to SCR-Sibelco NV related to a convertible debenture.
Avalon Advanced Materials Announces 28% Increase in Measured and Indicated Mineral Resources at JV Separation Rapids Project in Ontario Canada
Avalon Advanced Materials and SCR-Sibelco announced an updated Mineral Resource Estimate for the Separation Rapids Project, showing a 28% increase in Measured + Indicated Mineral Resources and a 13% decrease in Inferred resources, enhancing the project's lithium potential.
Avalon Appoints Mark N.J. Ashcroft as Strategic Consultant for Its Proposed Lake Superior Lithium Facility in Thunder Bay, ON
Avalon Advanced Materials Inc. has appointed Mark N.J. Ashcroft as a Strategic Consultant for its subsidiary, Lake Superior Lithium Inc., to advance a lithium processing facility in Thunder Bay, Ontario. The facility aims to convert local lithium into battery-grade lithium hydroxide for EV manufacturing, supporting clean energy efforts. CEO Scott Monteith also announced leadership changes within the company.
Avalon Announces $3.5M Financing from JV Partner and Major Shareholder Sibelco
Avalon Advanced Materials Inc. has secured CAD $3.5 million in convertible debenture financing from its major shareholder, SCR-Sibelco NV. The funds will be used to advance Avalon's Lake Superior Lithium Project in Thunder Bay, the Nechalacho REE and Zirconium Project in the Northwest Territories, as well as for working capital and administrative expenses. This new financing replaces Avalon's existing CAD $3.0 million convertible secured debenture, resulting in a principal amount of CAD $6.5 million. The debenture carries a 7.5% annual interest rate, with the principal and accrued interest payable by November 18, 2026. Avalon has also applied for provincial and federal
Avalon Enters into Strategic Collaboration with Qualcomm for Mining Innovation and Technology Solutions in Canada
Toronto-based Avalon Advanced Materials Inc. has signed a memorandum of understanding with Qualcomm Technologies Inc. to collaborate on a strategic initiative focused on Avalon's Thunder Bay lithium processing facility. The collaboration will use Qualcomm's Industrial & Edge technologies to create a digital infrastructure for mining activities and develop IoT-enabled solutions. This partnership aims to transform Canada's mining sector by integrating advanced technology, promoting data-driven advancements, improving environmental performance, and boosting operational efficiency. It will also support Ontario-based technology SMEs, strengthening Canada's critical minerals supply chain.
