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Avalon (TSX:AVL) provides update on Separation Rapids lithium project

Mining, Renewable Energy, Sponsored, The Watchlist
TSX:AVL
18 August 2022 13:00 (EDT)

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Work continues on Avalon’s (AVL) demonstration Dense Media Separation (DMS) plant for the Separation Rapids Lithium Project north of Kenora, Ontario.

Roadwork and site preparation work for the installation and commissioning of the DMS plant have commenced at the Avalon Quarry site. 

This work is expected to be completed later this summer.

Avalon CEO Don Bubar sat down with Daniella Atkinson to discuss the updates.

Installation of the demonstration DMS plant is expected to begin this fall with the plant expected to be operational by Spring 2023.

Avalon is also continuing to progress towards acquisition of an industrial site in Thunder Bay for the company’s planned regional lithium battery materials refinery. The acquisition is expected to be completed in September, once debt financing has been arranged.

Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technologies.

Avalon Advanced Materials (AVL) opened trading at C$0.115 per share.


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