Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) has announced a new video rendering of the proposed processing facility at the Lake Superior Lithium Project in Thunder Bay, Ontario. This visual presentation highlights the cutting-edge lithium hydroxide conversion process intended for the Project.
Thunder Bay Lithium Project Video Rendering
Avalon’s rendering illustrates the journey from spodumene transport to lithium hydroxide packaging. The spodumene is calcined to beta spodumene, cooled, and ground. It undergoes pressure leaching to create lithium carbonate, which is then purified into lithium hydroxide. The facility also addresses byproduct management, storing analcime onsite before off-site transport for alternative uses.
PEA Success and Project Potential
This video follows the Thunder Bay Project’s Preliminary Economic Assessment (PEA), showing strong economic prospects and strategic importance to North America’s EV supply chain. Details of the PEA, including an after-tax NPV of $4.1 billion and an IRR of 48%, underscore the project’s viability.
About Avalon Advanced Materials
Avalon Advanced Materials Inc. focuses on integrating Ontario’s lithium supply chain. Working through a joint venture with SCR-Sibelco NV, Avalon is developing multiple lithium and rare earth projects in Canada, including the Nechalacho project and a midstream lithium hydroxide processing facility in Thunder Bay.
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