Avalon Closes $1,300,000 Lind Financing and Advances Analcime Test Work Project
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) ha completato la seconda tranche di prelievo di 1,3 milioni di dollari dal suo accordo di finanziamento convertibile da 15 milioni di dollari con Lind Global Fund II, LP. I fondi saranno utilizzati per sostenere progetti strategici, inclusa l'innovazione dei sottoprodotti tramite la sua controllata Lake Superior Lithium Inc.
L'azienda ha inoltre fornito un aggiornamento sul progetto di utilizzo dell'analcime, che ha ricevuto una seconda tranche dal fondo per l'innovazione nei minerali critici da 500.000 dollari dell'Ontario. Il progetto si concentra sullo sviluppo di applicazioni innovative per l'analcime, un sottoprodotto della produzione di idrossido di litio, in particolare il suo potenziale impiego come materiale supplementare sostenibile nella produzione del cemento per migliorare la durabilità e ridurre le emissioni di carbonio.
Avalon Advanced Materials (OTCQB: AVLNF) ha completado el segundo desembolso de 1,3 millones de dólares de su acuerdo de financiación convertible por 15 millones de dólares con Lind Global Fund II, LP. Los fondos apoyarán proyectos estratégicos, incluyendo la innovación de subproductos a través de su subsidiaria Lake Superior Lithium Inc.
La compañía también proporcionó una actualización sobre su Proyecto de Utilización de Analcima, que recibió un segundo tramo del Fondo de Innovación en Minerales Críticos de Ontario por 500,000 dólares. El proyecto se centra en desarrollar aplicaciones innovadoras para la analcima, un subproducto de la producción de hidróxido de litio, especialmente su uso potencial como material suplementario sostenible en la fabricación de concreto para mejorar la durabilidad y reducir las emisiones de carbono.
Avalon Advanced Materials (OTCQB: AVLNF)는 Lind Global Fund II, LP와 체결한 1,500만 달러 규모의 전환증권 자금 조달 계약에서 두 번째로 130만 달러를 인출 완료했습니다. 이 자금은 자회사 Lake Superior Lithium Inc.를 통한 부산물 혁신 등 전략적 프로젝트를 지원하는 데 사용됩니다.
회사는 또한 온타리오주의 50만 달러 규모의 중요 광물 혁신 기금에서 두 번째 분할금을 받은 Analcime 활용 프로젝트에 대한 업데이트를 제공했습니다. 이 프로젝트는 리튬 수산화물 생산의 부산물인 Analcime의 혁신적 응용 개발에 중점을 두고 있으며, 특히 콘크리트 제조에서 내구성을 개선하고 탄소 배출을 줄이기 위한 지속 가능한 보조 재료로서의 잠재적 활용을 모색합니다.
Avalon Advanced Materials (OTCQB : AVLNF) a réalisé le deuxième tirage de 1,3 million de dollars dans le cadre de son accord de financement par titres convertibles de 15 millions de dollars avec Lind Global Fund II, LP. Ces fonds soutiendront des projets stratégiques, notamment l'innovation sur les sous-produits via sa filiale Lake Superior Lithium Inc.
L'entreprise a également fourni une mise à jour sur son projet d'utilisation de l'analcime, qui a reçu une deuxième tranche du Fonds d'innovation pour les minéraux critiques de l'Ontario d'un montant de 500 000 dollars. Le projet vise à développer des applications innovantes pour l'analcime, un sous-produit de la production d'hydroxyde de lithium, en particulier son utilisation potentielle comme matériau complémentaire durable dans la fabrication du béton pour améliorer la durabilité et réduire les émissions de carbone.
Avalon Advanced Materials (OTCQB: AVLNF) hat die zweite Auszahlung von 1,3 Millionen US-Dollar aus seiner 15 Millionen US-Dollar umfassenden Wandelanleihe-Finanzierungsvereinbarung mit Lind Global Fund II, LP abgeschlossen. Die Mittel werden strategische Projekte unterstützen, einschließlich der Innovation von Nebenprodukten über die Tochtergesellschaft Lake Superior Lithium Inc.
Das Unternehmen gab außerdem ein Update zu seinem Analcim-Nutzungsprojekt bekannt, das eine zweite Tranche aus dem 500.000 US-Dollar umfassenden Critical Minerals Innovation Fund von Ontario erhielt. Das Projekt konzentriert sich auf die Entwicklung innovativer Anwendungen für Analcim, ein Nebenprodukt der Lithiumhydroxidproduktion, insbesondere auf dessen potenzielle Nutzung als nachhaltiges Zusatzmaterial in der Betonherstellung zur Verbesserung der Haltbarkeit und zur Reduzierung von CO2-Emissionen.
- None.
- Dilution risk from convertible security funding
- Analcime utilization project still in research phase with no guaranteed commercial success
Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has closed the
With the second drawdown now complete, Avalon will allocate the funds toward advancing its strategic projects - including byproduct innovation through its subsidiary Lake Superior Lithium Inc., as well as supporting general corporate initiatives.
Analcime Research Project Update
Avalon is pleased to provide an update on its ongoing Analcime Utilization Project, part of a broader initiative to enhance the value of byproducts generated from lithium processing. This initiative is being advanced by Avalon's wholly owned subsidiary, Lake Superior Lithium Inc. ("LSLi"), and is supported by Ontario's Critical Minerals Innovation Fund ("CMIF"), which recently released the second tranche of a
The project is focused on developing innovative solutions for analcime - the byproduct from lithium hydroxide production at the future LSLi Facility. Initial research suggests that analcime's pozzolanic properties - its ability to react with calcium hydroxide in cement - may help improve the durability and carbon profile of concrete. These findings align with the Ontario Ministry of Transportation's broader efforts to adopt low-carbon construction materials and sustainable construction techniques.
Hydrometallurgical test work is currently underway by Metso Finland Oy to produce analcime samples from spodumene concentrate. Additional funding will support ongoing research and development into its use as a sustainable supplementary cementitious material for low-carbon infrastructure applications.
"This innovative project promises sustainability benefits through reduced carbon emissions, opens new revenue opportunities, and represents an opportunity for Avalon to contribute to the repair and expansion of provincial highways," said Scott Monteith, President and CEO of Avalon.
The analcime project helps Avalon unlock additional value through the establishment of its LSLi Facility by repurposing a key byproduct of lithium processing. Avalon is proud to play a strategic role in securing Ontario's economic future and positioning both the province and the company as leaders in the global critical mineral's economy and among the most competitive in the G7.
This news release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) absent registration or an applicable exemption from registration. All currency reported in this release is in Canadian dollars.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian critical minerals company advancing the supply of materials essential for Canada's future. The Company is focused on developing strategic assets that support secure, domestic supply chains and long-term economic growth. Avalon is focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc., Ontario's first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility will serve as a vital link between northern Ontario's lithium resources and the growing EV battery manufacturing base in southern Ontario and North America. Through a joint venture with SCR-Sibelco NV, Avalon is advancing the Separation Rapids Lithium Project near Kenora, Ontario, as well as continuing exploration at its Snowbank lithium and Lilypad lithium-caesium deposits. The Company is also advancing the Nechalacho Rare Earths and Zirconium Project in the Northwest Territories. This deposit contains all light and heavy rare earth elements, as well as yttrium, zirconium, tantalum, and niobium - critical minerals used in advanced technologies across the communications, defense, clean tech, and energy sectors.
For further information regarding Avalon Advanced Materials Inc., please visit www.avalonadvancedmaterials.com or contact:
Investor Relations
Ms. Rachel Naji
ir@avalonam.com
416-364-4938
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements related to how the Company plans to use the net proceeds from the funding, statements regarding the anticipated performance of analcime; its potential applications in concrete, roads, and highways; management's expectations and beliefs about its use and effectiveness; as well as statements related to economic impact, strategic positioning, and global competitiveness. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "add" or "additional", "advancing", "anticipates" or "does not anticipate", "appears", "believes", "can be", "conceptual", "confidence", "continue", "convert" or "conversion", "deliver", "demonstrating", "estimates", "encouraging", "expand" or "expanding" or "expansion", "expect" or "expectations", "forecasts", "forward", "goal", "improves", "increase", "intends", "justification", "plans", "potential" or "potentially", "promise", "prospective", "prioritize", "reflects", "robust", "scheduled", "suggesting", "support", "top-tier", "updating", "upside", "will be" or "will consider", "work towards", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks associated with mineral exploration and development operations such as: environmental hazards and economic factors as they affect the cost and success of the Company's capital expenditures, the ability of the Company to obtain required permits and approvals, the ability of the Company to obtain financing, uncertainty in the estimation of mineral resources, uncertainty with respect to the ability to successfully construct and develop the Company's lithium processing facility, the price of lithium, no operating history, no operating revenue and negative cash flow, land title risk, the market price of the Company's securities, the economic feasibility of the Company's mineral resources and the Company's commercial viability, inflation and uncertain global economic conditions, uncertain geo-political shifts and risks, successful collaboration with indigenous communities, changes in technology and advancements in innovation may impact the development of the Company's technology innovation centre and its lithium hydroxide processing facility, future pandemics and other health crises, dependence on management and other highly skilled personnel, title to the Company's mineral properties, the ongoing war in Ukraine and Israel, extensive government and environmental regulation, reliance on artificial intelligence technology to influence mining operations, volatility in the financial markets, uninsured risks, climate change, threat of legal proceedings, as well as those risk factors discussed or referred to in the annual information form of the Company dated November 28, 2024 (the "AIF") under the heading "Description of the Business - Risk Factors". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions identified in the AIF, assumptions have been made regarding, among other things: management of certain of the Company's assets by other companies or joint venture partners, the Company's ability to carry on its exploration and development activities without undue delays or unbudgeted costs, the ability of the Company to obtain sufficient qualified personnel, equipment and services in a timely and cost effective manner, the ability of the Company to operate in a safe, efficient and effective manner, the ability of the Company to obtain all necessary financing on acceptable terms and when needed, the accuracy of the Company's resource estimates and geological, operational and price assumptions on which these are based and the continuance of the regulatory framework regarding environmental manners. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that may have been used. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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FAQ
What is the size of Avalon's (AVLNF) recent funding drawdown from Lind Global Fund?
How much funding did Avalon receive from Ontario's Critical Minerals Innovation Fund?
What is the purpose of Avalon's Analcime Utilization Project?
Who is conducting the hydrometallurgical test work for Avalon's analcime project?
Which subsidiary of Avalon is advancing the Analcime Utilization Project?
