Avalon’s Thunder Bay Site Valuation Confirms Potential

Avalon Advanced Materials (TSE:AVL) has released an update.

Avalon Advanced Materials Inc. has reported that their Thunder Bay site for a proposed lithium processing facility is valued between $57 to $62 million, including existing infrastructure and land value. The site boasts significant assets, such as buildings, underground services, and a deep-water port, which underscore its readiness for development. The valuation underscores Avalon’s strategic position to establish Ontario’s first lithium hydroxide conversion facility.

For further insights into TSE:AVL stock, check out TipRanks’ Stock Analysis page.