Avalon Advanced Materials ( (TSE:AVL) ) just unveiled an announcement.
Avalon Advanced Materials Inc. has appointed Mark N.J. Ashcroft as a Strategic Consultant to advance the development of its proposed Lake Superior Lithium Facility in Thunder Bay, Ontario. This facility is set to become Ontario’s first midstream lithium hydroxide processing plant, playing a crucial role in the lithium supply chain by converting local lithium concentrates into battery-grade lithium hydroxide. This move is expected to support the clean energy transition in Canada and North America by ensuring a reliable supply of processed lithium for electric vehicle battery manufacturing. The strategic location of the facility in Thunder Bay offers logistical advantages and access to key markets, enhancing Avalon’s industry positioning and stakeholder value.
More about Avalon Advanced Materials
Avalon Advanced Materials Inc. is a company operating in the mining and materials industry, focusing on the development of critical minerals. Its primary products include lithium hydroxide, which is essential for electric vehicle batteries and renewable energy storage systems. The company is actively involved in establishing a lithium supply chain in North America, particularly through its proposed Lake Superior Lithium Facility in Thunder Bay, Ontario.
YTD Price Performance: -14.81%
Average Trading Volume: 284,342
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.66M
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