Avalon Advanced Materials Inc. (TSE:AVL) has released an update.
Avalon Advanced Materials Inc. is initiating a Preliminary Economic Assessment for a new lithium hydroxide conversion facility in Thunder Bay, Ontario, featuring innovative, environmentally friendly technology. The facility is projected to produce 30,000 tonnes of lithium hydroxide annually, catering to the growing demand from the battery and electric vehicle sectors in North America. This strategic move capitalizes on Avalon’s recent acquisition of a well-positioned industrial site with comprehensive infrastructure access, poised to contribute to North America’s battery supply chain needs.
For further insights into TSE:AVL stock, check out TipRanks’ Stock Analysis page.