Avalon Advanced Materials Inc. (TSX: AVL, OTCQB: AVLNF) has announced the release of a video rendering for its Thunder Bay Lithium Project. This video captures the innovative design and functionality of the lithium processing facility in Thunder Bay, Ontario. The facility will feature a lithium hydroxide conversion process starting from spodumene transported via rail. The material undergoes various stages including calcination, grinding, and pressure leaching, leading to the production of lithium hydroxide. A highlight of the video is the management of byproducts, ensuring efficient use of resources. This development is a strategic move for Avalon in boosting North America’s electric vehicle supply chain.

Thunder Bay Project’s PEA Results and Strategic Importance

The Thunder Bay Lithium Project is backed by a Preliminary Economic Assessment (PEA) showcasing strong economic potential. The project has an after-tax NPV of $4.1 billion and an IRR of 48% over 30 years. Avalon aims to contribute significantly to Ontario’s manufacturing sector and North America’s energy security. Scott Monteith, CEO of Avalon, emphasizes how this project is pivotal for the company.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. is a key player in Canada’s advanced manufacturing sector. The company focuses on integrating the Ontario lithium supply chain and has various projects like Separation Rapids and Snowbank lithium projects. Additionally, Avalon is advancing the Nechalacho rare earths project and is developing a midstream lithium hydroxide facility, bridging northern lithium resources with southern battery manufacturing.

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