Avalon Advanced Stock Price, News & Analysis

Avalon Advanced Materials (OTCQB:AVLNF) reported a forest fire near its Nechalacho property at Thor Lake in Northwest Territories, Canada. The company is actively monitoring the situation in coordination with local partners and Vital Metals.

CEO Scott Monteith emphasized that safety remains the top priority. The company will conduct a full risk assessment to determine any potential material impacts on timelines or costs, with further updates to be provided as material information becomes available.

Avalon Advanced Materials (OTCQB: AVLNF), a Canadian critical minerals company, has appointed Lorin Crenshaw as its new Chief Financial Officer. Crenshaw brings 28 years of financial experience with expertise in capital markets, investor relations, and strategic leadership in the lithium and critical minerals industry.

Crenshaw's previous roles include CFO positions at Compass Minerals International and Orion S.A., as well as senior financial roles at Albemarle Corporation. He succeeds Jim Andersen, who will retire in September 2025 after nearly 30 years with the company.

Avalon Advanced Materials (OTCQB: AVLNF) has completed the second drawdown of $1.3 million from its $15 million convertible security funding agreement with Lind Global Fund II, LP. The funds will support strategic projects, including byproduct innovation through its subsidiary Lake Superior Lithium Inc.

The company also provided an update on its Analcime Utilization Project, which received a second tranche from Ontario's $500,000 Critical Minerals Innovation Fund. The project focuses on developing innovative applications for analcime, a byproduct of lithium hydroxide production, particularly its potential use as a sustainable supplementary material in concrete manufacturing to improve durability and reduce carbon emissions.

Avalon Advanced Materials (OTCQB: AVLNF) has announced a second drawdown of $1.3 million from its existing $15 million convertible security funding agreement with Lind Global Fund II, LP. The convertible security will have a two-year term with a 10% annual interest rate, resulting in a face value of $1.56 million.

The agreement allows Lind to convert the face value over 24 months at 85% of the 5-day VWAP of Avalon's shares. As part of the deal, Lind will receive a $45,500 closing fee and 10.6 million warrants exercisable at $0.09 per share for 60 months. The funds will support ongoing project advancement and general corporate purposes.

Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) has announced the adoption of a shareholder rights plan effective April 8, 2025. The plan, approved by the Board of Directors, aims to ensure fair treatment of shareholders during unsolicited take-over bids and protect against 'creeping bids' that involve accumulating over 20% of company shares through exempt purchases.

Under the plan, one right will be issued per common share. If rights become exercisable, holders (excluding the acquiring person and related parties) can purchase additional company shares at a 50% discount to the current market price. The Rights Plan requires shareholder ratification within six months of its effective date and has received conditional approval from the Toronto Stock Exchange.

Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) held its 2025 Annual and Special Meeting of Shareholders on February 27, 2025, in Toronto, Ontario. During the meeting, shareholders approved all seven director nominees listed in the company's information circular dated January 14, 2025. Additionally, shareholders reappointed Ernst & Young LLP as the company's auditors and approved the issuance of common shares to SCR-Sibelco NV upon conversion of the amended and restated convertible debenture dated November 18, 2024.

Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) has announced an updated Mineral Resource Estimate (MRE) for its JV Separation Rapids Project in Kenora, Ontario, showing significant resource growth. The update, prepared by SLR Consulting and supported by 29 new drill holes, reveals a 28% increase in Measured + Indicated Mineral Resource tonnage and a 13% decrease in Inferred Resource tonnage compared to 2023.

Key highlights as of January 30, 2025:

• Open pit Measured and Indicated Resources: 10.73 Mt grading 1.27% Li₂O for 136 kt contained Li₂O
• Combined open pit and underground Measured and Indicated Resources: 12.98 Mt grading 1.34% Li₂O for 173 kt Li₂O
• Inferred Resources: 2.29 Mt grading 1.46% Li₂O for 33 kt Li₂O

For 2025, Avalon plans to advance lithium resource development through metallurgical, geotechnical, and environmental studies, focusing on petalite, spodumene, and lepidolite recovery processes.

Avalon Advanced Materials (TSX: AVL) (OTCQB: AVLNF) has appointed Mark N.J. Ashcroft, P.Eng., as a Strategic Consultant to its wholly owned subsidiary, Lake Superior Lithium Inc. (LSLi). This appointment strengthens Avalon's governance framework as it develops the proposed 30,000-tonne lithium processing facility in Thunder Bay, Ontario.

The LSLi Facility aims to be Ontario's first midstream lithium hydroxide processing facility, converting locally mined lithium concentrates into battery-grade lithium hydroxide. This represents a vital link in the critical minerals supply chain for downstream electric vehicle battery manufacturing in southern Ontario.

Additionally, Avalon announced leadership changes: Scott Monteith has assumed the role of President (in addition to his CEO position), Zeeshan Syed has become Vice-President of External Affairs and Partnerships, and Rickardo Welyhorsky departed the company in January 2025.

Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) has secured CAD $3.5 million in convertible debenture financing from major shareholder Sibelco. The new funding replaces an existing CAD $3.0 million debenture, resulting in a total principal amount of CAD $6.5 million. The debenture matures on November 18, 2026, bearing a 7.5% annual interest rate. The funds will advance the Lake Superior Lithium Project, which recently showed positive PEA results with an after-tax NPV of CAD $4.1 billion, and the Nechalacho REE Project. If not repaid at maturity, Sibelco can convert the amount into Avalon shares or increase its stake in the joint venture company to 90%.