Avalon Advanced Materials (TSE:AVL) has released an update.
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Avalon Advanced Materials Inc. has announced a promising Preliminary Economic Assessment for its Lithium Hydroxide Processing Facility in Thunder Bay, with an after-tax net present value of C$4.1 billion and an internal rate of return of 48%. The project, which leverages innovative clean technology and strategic location, is set to bolster Canada’s electric vehicle industry with a 30-year supply of battery-grade lithium hydroxide.
For further insights into TSE:AVL stock, check out TipRanks’ Stock Analysis page.
