Avalon Advanced Materials
1 416 364 4938
Avalon Advanced Materials Inc. (AVL:TSX, AVLNF:OTCQB) is a leader in developing new North American sources of critical minerals for clean technology, such as rare earths and lithium. Avalon is among a small group of emerging companies that are identifying their own strategic resources and process solutions to sustainably produce critical minerals for new technology and to enable full supply chains to be established in North America. This includes extracting critical minerals from historic mine wastes, while remediating long term environmental liabilities.
Avalon’s extensive experience with critical minerals and long-standing commitment to sustainability and social responsibility puts the company in a unique position to utilize its strategic resource inventory to help create a more efficient, sustainable critical minerals supply chains and create new economic development opportunities for Indigenous communities in northern Canada. Avalon recently obtained an ESG Risk Rating and ranks among the top 5% of 150 industry companies. Capital Structure as at July 31, 2022:
Market Cap: C$65 million
Shares outstanding: 400 million
Fully diluted: 475 million
Over 20,000 shareholders worldwide: Insiders (15%), Institutional (15%), Retail (70%)
Working Capital: $3.5 million
Total Assets: $120 million
Convertible Debt: $5,000,000
There is ever-growing demand for formerly-obscure elements such as rare earths, lithium, tantalum, cesium, scandium, indium, gallium, germanium and zirconium. All are critical minerals needed for: clean energy, aerospace, defense, energy efficiency, modern electronics, medicine and much more. However, such elements are often minor by-products of other mining operations, are not traded on commodity exchanges and do not yet have well-established supply chains in North America.
With all the new interest in lithium to serve the rapidly growing market for lithium ion batteries for electric vehicles, Avalon’s current focus is on developing its Separation Rapids Lithium Project in Northwestern Ontario and building a lithium battery materials refinery to get the supply chain for lithium ion batteries established in Ontario.