Avalon Releases Tenth Annual Sustainability Report, Provides Update on Separation Rapids Lithium Project Activities
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Toronto, Ontario – (Newsfile Corp. – November 30, 2021) – Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (“Avalon” or “the Company”) is pleased to announce that the Company has released its tenth full annual sustainability report, together with its 2021 annual documents, including including audited financial statements.
The 2021 Sustainability Report focuses on health and safety, social, environmental and economic issues, including the company’s ambitions to start producing minerals essential for clean technologies in a sustainable manner. The report has been prepared in accordance with the standards of the Global Reporting Initiative, basic option. It includes a self-assessment of the company’s sustainability performance for fiscal 2021 and sets targets for 2022 against the Mining Association of Canada. Towards sustainable mining indicators. It is available at: https://www.avalonadvancedmaterials.com/sustainability/2021-sustainability-report/
Commented Avalon President and CEO Don Bubar, “Avalon is at the forefront of sustainable best practices in mining development, with a solid background and a forward-thinking management team that sustainability a priority. mining waste while fully addressing the long-term environmental responsibility, which we have been advocating for many years, is now recognized as an opportunity to establish the circular economy in the mining industry. first precedent for this model in Canada.
Update of the Sepration Rapids Lithium project
Work continues on the Separation Rapids Lithium project to acquire a demonstration-scale Dense Media Separation (DMS) plant to begin processing the 5,000 t bulk sample collected earlier this year and start producing petalite concentrate product samples for glass ceramic end users who have expressed interest and for further testing of battery materials. The Company also recently received several new expressions of interest in the lithium battery materials product from consumers also interested in partnering with Avalon to establish the battery materials refinery in Thunder Bay. Once a firm commitment is received, the Company is optimistic about the possibility of proceeding with construction soon and taking advantage of additional financial support available under several new government programs announced recently to support the creation of ” new capacity to manufacture batteries and their related supply chains in Ontario.
The Company also recently received the results of its recent mapping program on the northwest portion of the property to follow up on the new Snowbank petalite pegmatite discovery made in 2018. The new results extend the length by 50%. known extension of the Snowbank lithium pegmatite to 127 meters and has confirmed the widespread presence of coarse-grained petalite mineralization (as previously noted), which would provide an ideal additional source of petalite for the glass-ceramic markets. The Company now plans to conduct a winter diamond drilling program to begin delineating the size potential of the new Snowbank discovery. There are also several other lithium pegmatites in the same area that may merit initial drilling. Preparation of the necessary access trails is underway and work to obtain the necessary drilling permits is progressing.
The Company has also completed the filing of its 2021 Consolidated Financial Statements, Management’s Discussion and Analysis and Annual Information Form with the Canadian Securities Administrators, for the Company’s fiscal year ended August 31, 2021. Copies of these documents are available on SEDAR at http: // /www.sedar.com or on the Company’s website at http://www.avalonadvancedmaterials.com/investors/regulatory_filings.
The technical information included in this Separation Rapids Lithium Project press release has been reviewed and approved by the Company’s Vice President, Exploration, Dr. William Mercer, P. Geo (Ont), a Qualified Person under the Regulations. 43-101.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mining development company specializing in sustainably produced materials for clean technology. The Company has four late-stage projects, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and zirconium. Avalon is currently focused on developing its Separation Rapids Lithium project near Kenora, Ontario, while continuing to advance other projects, including its 100% owned Lilypad Cesium-Tantalum project, reactivated in 2020. The social responsibility and environmental stewardship are the cornerstones of the business.
For any questions or comments, please email the Company at [email protected]
This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements relating to the Company’s East Kemptville Tin-Indium Project being well positioned to provide a first Canadian precedent for the historic mining waste value extraction model. while fully addressing long-term environmental responsibility, the 2022 sustainability goals, that the Company is optimistic about the possibility of proceeding soon with construction and enjoying additional financial support, as the widespread presence of petalite mineralization coarse-grained would provide an ideal additional source of petalite for the glass-ceramic markets, as the Company is now considering a winter diamond drilling program and that there are also several other lithium pegmatites in the same region that may merit testing. initial drilling. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “expected”, “anticipates”, “continuing”, “expects” or “does not expect”. “,” Is planned “,” planned “,” targeted “,” planned “or” believes “, or variations of these words and expressions or state that certain actions, events or results” could “,” could “,” could “,” Could “or” will be “or” will not “taken, achieved or result,” will “or” will be achieved “. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause Avalon’s actual results, level of business, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Forward-looking statements are based on what management believes to be reasonable assumptions at the time such statements are made. Although Avalon has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results not to be as anticipated, estimated or planned. Factors that may cause actual results to differ materially from the expected results described in forward-looking statements include, without limitation, market conditions and the possibility of cost overruns or unforeseen costs and expenses as well as set out in the current annual information form, the MD&A and other disclosure documents available under the company profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements have been provided for the purpose of helping investors understand the plans and objectives of the Company and may not be appropriate for other purposes. Therefore, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements contained in this document except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105838