Key facts
| Company | Avalon Advanced Materials Inc. (TSX: AVL) |
|---|---|
| Location | Ontario, Canada |
| Stage | Early exploration |
News releases2 on file
Avalon 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
AcquisitionAvalon 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 Sep
Financing