202629 releases
Avalon Advanced Materials and Thunder Bay’s Confederation College Announce Workforce Development Collaboration to Support Future Lithium Refinery
A Memorandum of Understanding has been signed between Lake Superior Lithium and Confederation College of Applied Arts and Technology to develop workforce training, education and career pathways for the proposed Lake Superior Lithium refinery in Thunder Bay, Northwestern Ontario. The partnership will explore curriculum and programming for occupations including industrial electricians, millwrights, welders, instrumentation and control technicians, electrical and chemical engineering technologists, power engineers, boilermakers, process operators, laboratory technicians and health and safety professionals.
CorporateAvalon Advanced Materials and Lakehead University Sign Memorandum of Understanding to Advance Critical Minerals Processing Innovation and Regional Workforce Development in Northern Ontario
A memorandum of understanding has been signed with Lakehead University to explore collaboration on critical minerals research, processing innovation and workforce development in Northwestern Ontario, in support of Avalon's proposed Lake Superior Lithium refinery in Thunder Bay. Potential areas include lithium processing research, use of Lakehead's analytical and laboratory capabilities for Avalon's proposed on-site Technology Innovation Centre, and development of a new mineral processing engineering stream in Lakehead's degree programs. The MOU also frames joint pursuit of provincial, federal and industry research funding.
CorporateNechalacho Basal Zone Selected for Canada Investment Summit Prospectus as Strategic Canadian Rare Earths Project
The Nechalacho Rare Earths Project in the Northwest Territories has been selected for inclusion in the Canada Investment Summit Prospectus and will be showcased by the Government of the Northwest Territories as a critical minerals development opportunity. The Summit's prospectus features 167 investment opportunities, including 63 minerals and metals projects. Avalon recently released an updated Mineral Resource Estimate for the Basal Zone under U.S. SEC S-K 1300 and is advancing a Preliminary Economic Assessment.
CorporateAvalon Advanced Materials Invited to Submit Full Project Proposal Under Natural Resources Canada’s Critical Minerals Research, Development and Demonstration and Global Partnerships Initiative Program
Natural Resources Canada invited Avalon on June 30, 2026 to submit a Full Project Proposal under its Critical Minerals Research, Development and Demonstration and Global Partnerships Initiative program, following the company's March 2026 Expression of Interest. Avalon has submitted the proposal, seeking approximately C$20 million to advance the 100%-owned Basal Zone at the Nechalacho Rare Earth Elements Project in the Northwest Territories. Work would include an AACE Class 3 capital cost estimate by Wood Canada Limited, validation of Engina Corporation's Hybrid Supercritical Refining process, and a modular demonstration plant processing about one tonne of concentrate per day.
CorporateAvalon Advanced Materials Inc. to Participate in OTC Markets Clean Energy Metals Virtual Investor Conference
CFO Lorin Crenshaw and Nechalacho Project Director Burl Joseph will present at the OTC Markets Clean Energy Metals Virtual Investor Conference on August 27, 2026, with a live presentation and webcast at 1:00 p.m. ET. One-on-one meetings with Avalon representatives are available from August 27 through September 1, 2026, and the presentation will be available on demand after the event.
CorporateAvalon Advanced Materials Inc. to Participate in UBS Global Materials Conference
CEO Scott Monteith and CFO Lorin Crenshaw will participate in the UBS Global Materials Conference, held September 9–10, 2026 in New York City. They will hold one-on-one and small-group investor meetings on Thursday, September 10, 2026. Avalon is advancing the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories and Lake Superior Lithium Inc., a lithium hydroxide processing facility in Thunder Bay, Ontario.
CorporateAvalon Announces Updated Mineral Resource Estimate for Nechalacho Basal Zone, Revalidating Scale and Economic Development Potential of a Large, North American Source of Light and Heavy Rare Earth Elements
An updated mineral resource estimate for the Basal Zone of the Nechalacho Rare Earth Elements Project, 110 kilometers southeast of Yellowknife, Northwest Territories, reports 58.6 million tonnes of Measured and Indicated resources grading 1.49% TREO and 130.6 million tonnes of Inferred grading 1.31% TREO, using a US$366.40/t Net Metal Revenue cut-off and an effective date of July 14, 2026. Neodymium, praseodymium, dysprosium and terbium account for about 88% of estimated in-situ REO value. A PEA with Wood Canada Ltd. is underway, with release expected in the fourth quarter.
Resource updateAvalon Advanced Materials Announces Finnvera Letter of Interest Supporting Potential EUR 100 Million Financing for Metso Equipment and Services at Thunder Bay Lithium Processing Facility
Finnvera plc, Finland's official export credit agency, has issued a non-binding letter of interest regarding potential financing of equipment and services to be supplied by Metso Oyj for Avalon's proposed lithium processing facility in Thunder Bay, Ontario, under an anticipated commercial contract valued at approximately €100 million. Finnvera may provide a buyer credit guarantee, with Finnish Export Credit Ltd. potentially acting as lender; export credits may generally finance up to 85% of eligible Finnish goods and services. Any financing remains subject to due diligence and final approvals.
FinancingAvalon Advanced Materials Inc. Completes Common Share Consolidation
A 180-to-1 common share consolidation took effect July 8, 2026, reducing the 835,628,796 shares outstanding to approximately 4,642,382. Shares will continue trading on the TSX under AVL and on the OTCQB under AVLNF, with post-consolidation trading on the TSX expected on or about July 13, 2026. Fractional shares will be rounded down with cash paid in lieu based on the July 7, 2026 TSX closing price of $0.045; the consolidation was approved by shareholders on June 29, 2026.
CorporateAvalon Shareholders Approve Share Consolidation; Board Authorizes Implementation
Shareholders approved a one-for-180 share consolidation at a special meeting held June 29, 2026, with 80.107% of votes cast in favour (249,614,857 shares for; 61,987,164 against), and the Board has authorized its implementation. Avalon currently has 835,628,796 common shares outstanding, expected to fall to approximately 4.64 million post-consolidation, subject to fractional share treatment. Completion remains subject to final TSX approval. The company cited potential future listing on Nasdaq or another major U.S. exchange.
CorporateAvalon Advanced Materials Announces Appointment of PJ Juvekar to Board of Directors
PJ Juvekar has been appointed to the board of directors of Avalon Advanced Materials Inc., effective June 8, 2026. Juvekar is a former Global Head of Research for Chemicals, Agriculture, and Climate Tech at Citigroup, where he spent more than two decades, and currently serves as a Senior Advisor with Boston Consulting Group and to Nouryon. Avalon is advancing the Nechalacho rare earths project in the Northwest Territories and the Lake Superior Lithium project in Thunder Bay, Ontario.
ManagementAvalon Advanced Materials Announces the Opening of Three Strategic Office Locations Across Canada and the United States
Three new offices have been opened: Thunder Bay, Ontario, to support Lake Superior Lithium Inc.'s proposed lithium hydroxide processing facility, led by Project Director Glen Smith, with a feasibility study expected to be completed in Q1 2027; Yellowknife, Northwest Territories, for subsidiary Magmic Rare Earths Inc., which owns the Nechalacho Basal Zone Resource and is led by Project Director Burl Joseph; and Chicago, Illinois, led by VP Corporate Development Chris Senyk, for customer and offtake engagement.
CorporateAvalon Advanced Materials to Participate in Sidoti’s Micro-Cap Virtual Investor Conference
CEO Scott Monteith and CFO Lorin Crenshaw will present and hold one-on-one investor meetings at Sidoti's Micro-Cap Virtual Investor Conference on June 17-18, 2026. The presentation is scheduled for 8:30 a.m. Eastern Time on June 17, 2026, with free registration available at www.sidoti.com/events. Avalon is advancing the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories and Lake Superior Lithium Inc., a lithium hydroxide processing facility in Thunder Bay, Ontario.
CorporateAvalon Advanced Materials to Host Investor Update Call Regarding Potential U.S. Exchange Listing Evaluation and Proposed Share Consolidation
A live investor update call and Q&A will be held Monday, June 8, 2026 at 4:15 p.m. ET, featuring CEO Scott Monteith and CFO Lorin Crenshaw. Management will discuss Avalon's evaluation of U.S. capital markets alternatives, including a possible listing on The Nasdaq Stock Market LLC or another major U.S. exchange, and its proposed share consolidation. No final decision has been made; any U.S. listing would require shareholder approval of the consolidation, Board and TSX approval, and exchange acceptance.
CorporateAvalon Advanced Materials Inc. to Participate in The Small Cap Showcase & WTR Insights Conference
Chief Financial Officer Lorin Crenshaw will present at The Small Cap Showcase & WTR Insights Conference in New York City on June 9, 2026, with a corporate presentation at 1:00 p.m. ET that will be webcast live. Crenshaw will also hold one-on-one meetings with pre-qualified investors during the day, and a replay will be available afterward on Avalon's website under Investor Relations.
CorporateAvalon Advanced Materials Provides Year-to-Date Progress Update on Nechalacho Rare Earths Project
A progress update on the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories reports the formation of Magmic Rare Earths, Inc. as a dedicated subsidiary, the appointment of Burl Joseph as Project Director, and plans to open a Yellowknife office. A preliminary economic assessment updating the project's 2013 definitive feasibility study is underway and expected to be completed in fall 2026. The development concept contemplates underground access to the Basal Zone below 150 metres.
CorporateAvalon Advanced Materials Appoints Christopher Senyk as Vice President, Corporate Development to Advance Global Partnerships & Strategic Development
Christopher Senyk has been appointed Vice President, Corporate Development at Avalon Advanced Materials, supporting corporate strategy, strategic partnerships, financing opportunities, offtake and supply discussions, and government engagement across the company's lithium, rare earth elements and critical minerals portfolio. Based in Chicago, he will also support Avalon's U.S. market engagement. His prior experience includes Rio Tinto's battery materials and borates strategy, Celanese Corporation, FMC Corporation's lithium business, and Livent Corporation.
ManagementAvalon AdvancedMaterialsIncluded in Sprott Rare Earths Ex-ChinaETF(REXC)
Avalon Advanced Materials has been added to the holdings of the newly launched Sprott Rare Earths Ex-China ETF (REXC), managed by Sprott Asset Management, which invests at least 80% of total assets in securities of the Nasdaq Sprott Rare Earths Ex-China Index. Inclusion is subject to ongoing eligibility criteria, periodic rebalancing and methodology changes, with no assurance the Company will remain a constituent. Avalon is advancing the Nechalacho rare earth elements project in the Northwest Territories.
CorporateAvalon Advanced Materials Inc. to Participate in Water Tower Research Insights Conference on April 14th, 2026
President and CEO Scott Monteith and CFO Lorin Crenshaw will participate in the Water Tower Research Insights Conference on April 14, 2026 at 9:50 a.m. EDT, in a session hosted by WTR analyst Dmitry Silversteyn. Topics include portfolio strategy and capital allocation, lithium commercialization, rare earths positioning, and valuation gap, funding strategy and near-term catalysts. The virtual event requires advance registration and will offer on-demand replays.
CorporateAvalon Completes Separation Rapids Joint Venture Reorganization, Becomes Debt-Free and Eliminates Potential Dilution
Avalon Advanced Materials has completed a reorganization of its Separation Rapids joint venture with SCR-Sibelco NV, transferring its 40% interest in Separation Rapids Ltd. to Sibelco and regaining 100% ownership of the Lilypad cesium project. The non-cash transaction extinguishes approximately $7.5 million of debt and accrued interest and the convertible debenture without issuing shares, removing roughly 15% potential shareholder dilution. Sibelco increases its SRL ownership from 60% to 100%; no cash consideration was exchanged.
AcquisitionAvalon Advanced Materials Appoints Burl Joseph as Project Director to Advance the Nechalacho REE & Zirconium Project Toward Execution
Burl Joseph, M.Eng., B.Sc. – E.S., has been appointed Project Director for Avalon Advanced Materials' Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, where he will serve as the company's on-the-ground lead and work on decisions including processing technologies, facilities and site locations. He brings over 15 years of experience in mining, environmental and infrastructure projects in remote northern environments. Avalon has engaged Wood Canada Limited for an updated PEA and NI 43-101 Technical Report, followed by a planned Definitive Feasibility Study.
ManagementAvalon Advanced Materials Appoints Glen Smith as Project Director for Lake Superior Lithium Refinery Feasibility & Construction
Glen Smith, P.Eng., has been appointed Project Director, Refinery Feasibility & Construction, based in Thunder Bay, to lead Avalon's Lake Superior Lithium Inc. project, bringing over 35 years of engineering experience across hydrometallurgical, petrochemical and nuclear industries. The feasibility study, underway with Nordmin Engineering and Primero North America, is targeted for completion by 2027. The September 2024 PEA showed an after-tax NPV of Cdn $4.1 billion at an 8% discount rate and a 48% IRR over a 30-year life at about 30,000 tonnes annually of battery-grade lithium hydroxide.
ManagementAvalon Re-Engages Dave Marsh to Support Nechalacho Rare Earth Project Development & Advancement
Dave Marsh has rejoined Avalon Advanced Materials on a contract basis to support process development and updated feasibility work at the Nechalacho Rare Earths and Zirconium Project in the Northwest Territories. Marsh, formerly Avalon's COO and Senior Vice President, Metallurgy, led the metallurgical programs behind the 2013 Feasibility Study and is currently CEO of URE Consulting Inc. He will work with Wood Engineering and Avalon's technical team to adapt the project's metallurgical flowsheet.
ManagementAvalon Announces the Results of its 2026 Annual and Special Meeting of Shareholders
All seven director nominees listed in Avalon's January 13, 2026 information circular were elected at the Annual and Special Meeting held in Toronto on February 26, 2026, with support ranging from 89.92% (Alan Ferry) to 96.09% (Timothy Haig). Shareholders also re-appointed Ernst & Young LLP as auditors, approved continuation of the Stock Option and RSU Plans, ratified the amendment to the Deferred Share Unit Plan, and approved an amendment to By-law No. 1 on meeting quorum requirements.
CorporateAvalon to Participate in Red Cloud Securities 2026 Pre-PDAC Mining Showcase
CFO Lorin Crenshaw will present at the Red Cloud Securities 2026 Pre-PDAC Mining Showcase in Toronto, Ontario. The presentation is set for Friday, February 27, 2026, at 10:00 a.m. ET in the Kensington Presentation Room at the Omni King Edward Hotel, consisting of a 15-minute corporate presentation followed by a 5-minute question and answer period.
CorporateAvalon Advanced Materials Engages Rachel Bridge as Interim Consultant to Facilitate Lake Superior Lithium Inc. Feasibility Study Engineering
Rachel Bridge, CEO of Laira Consulting Services, has been engaged on an interim basis, until a full-time Project Director is hired, to represent Avalon in coordinating with Nordmin Engineering on the Feasibility Study for the Lake Superior Lithium Project in Thunder Bay, Ontario, which has commenced. The September 2024 PEA outlined an after-tax NPV of Cdn $4.1 billion at an 8% discount rate, a 48% after-tax IRR, a 30-year mine life and annual production of about 30,000 tonnes of battery-grade lithium hydroxide.
ManagementAvalon Advanced Materials Appoints SCP Resource Finance as Strategic Capital Advisor for Rare Earth and Lithium Projects
SCP Resource Finance has been engaged as strategic capital advisor to develop a long-term capital and partnership strategy for Avalon Advanced Materials' lithium and rare earth projects, with any future capital formation tied to a strategic partnership expected to occur primarily at the project level. SCP will identify and engage strategic investors, industrial partners and other aligned capital for assets including the Nechalacho rare earth project in the Northwest Territories and a proposed lithium-hydroxide processing facility in Thunder Bay, Ontario.
ManagementAvalon Announces the Commencement of Feasibility Study at Lake Superior Lithium Project, Ontario
Feasibility Study engineering has begun at the Lake Superior Lithium Inc. lithium hydroxide processing project in Thunder Bay, Ontario, with Nordmin Engineering as lead consultant, working with Primero Americas, Krech Ojard & Associates and Metso, and delivery targeted for the first half of 2027. The study follows a September 2024 PEA for 30,000 tonnes per year of battery-grade lithium hydroxide, showing an after-tax NPV of $4.1 billion at 8%, 48% IRR, and $1.2 billion initial capital cost. The study includes trade-off work on lithium hydroxide versus lithium carbonate.
Study resultsAvalon to Brief Stakeholders on North American Rare Earth & Lithium Strategy
A webinar hosted by RedChip Companies will be held on January 20, 2026 at 4:15 p.m. ET, featuring President and CEO Scott Monteith and CFO Lorin Crenshaw. They will outline the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories and plans to develop Lake Superior Lithium Inc.'s proposed lithium hydroxide processing facility in Thunder Bay, Ontario, followed by a live Q&A. Registration is free via RedChip's website.
Corporate
20253 releases
Avalon and Engina Successfully Recovered 15 Rare Earth Elements with Breakthrough Processing Technology for Nechalacho Project, NWT Canada
Preliminary bench-scale testing of Engina Corporation's proprietary Hybrid Supercritical Refining process recovered 15 rare earth elements from Nechalacho concentrate, with overall recoveries exceeding 90% across the full rare-earth inventory under moderate operating conditions, using caustic pretreatment and supercritical fluid extraction with recycled CO₂ as the principal solvent. A Technology Assessment Report delivered to Avalon in November 2025 sets out a roadmap of bench-scale variability testing, continuous mini-loop operation, techno-economic assessment, and a pilot plant and feasibility study. Nechalacho is in the Northwest Territories, Canada.
Study resultsAvalon Appoints Vienna Psihos as Director, Public Affairs & Government Relations
Vienna Psihos has been appointed Director, Public Affairs & Government Relations at Avalon Advanced Materials. She previously held a senior policy role in the Government of Ontario's Treasury Board Secretariat, working on provincial funding and policy decisions and the communications strategy for the province's 2025–2026 Budget, and has advised Ontario mining and infrastructure companies including Glencore Canada and Wyloo on government relations, permitting and stakeholder engagement. She holds a Bachelor of Arts in Political Science from the University of Toronto.
ManagementAvalon Announces Conclusion of Funding Agreement
Avalon Advanced Materials has concluded its convertible security funding agreement with Lind Global Fund II, LP, managed by The Lind Partners, having satisfied all obligations due under the agreement. Lind provided over $15 million of invested capital to Avalon over the past eight years. The company said it continues to advance its rare earth and lithium initiatives, including the Nechalacho project in the Northwest Territories and lithium assets in Ontario.
Financing
20221 release
Avalon enters into $3,000,000 Convertible Security Funding Agreement to accelerate Separation Rapids Lithium work
A $3,000,000 convertible security funding agreement has been signed with Lind Global Fund II, LP, carrying a two-year term and 10% per annum simple interest prepaid into a $3,600,000 face value, convertible over 24 months at 85% of the five-day trailing VWAP. Lind also receives a $90,000 closing fee and 9,000,000 warrants exercisable at $0.26 for 48 months. Proceeds will accelerate work at the Separation Rapids Lithium Project near Kenora, Ontario, including feasibility preparation for a Thunder Bay refinery.
Financing