Avalon Advanced Materials Inc. (TSE:AVL) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Avalon Advanced Materials Inc. has secured a significant financial boost by completing a $2.75 million drawdown from a possible $15 million funding agreement with Lind Global Fund II, LP. This initial funding will propel the development of a Preliminary Economic Assessment for the company’s lithium hydroxide conversion facility in Thunder Bay, utilizing cutting-edge Metso technology. The project, led by subsidiary Lake Superior Lithium Inc., aims to establish Ontario’s first midstream lithium hydroxide processing facility, essential for supporting the EV battery manufacturing sector.
For further insights into TSE:AVL stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue