PHOENIX, AZ / ACCESSWIRE / August 1, 2019 / This week, the Stock Day Podcast welcomed Avalon Advanced Materials Inc. (OTCQB:AVLNF) (TSX:AVL), a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. President and CEO, Don Bubar, joined Stock Day host Everett Jolly to discuss Avalon’s approach to creating a sustainable North American supply chain of the materials critical to national defense, clean technology, and all modern electronics.
Bubar notes for the last fifteen years, Avalon has focused on non-traditional commodities such as the rare earth elements and lithium, which are experiencing growing demand in a variety of industries. “Rare earth elements are the group at the bottom of the periodic table that is sometimes referred to as the lanthanides.” He adds, “These tend to occur together in nature and are widely dispersed, not often concentrated in any one spot. This makes them hard to extract economically, and also challenging to separate.”
When Jolly asked about the supply and demand of these elements, Bubar explains that the demand is extensive, with more than 80% of the supply coming from China.
Avalon has been developing its Nechalacho Rare Earth Elements property in the Northwest Territories, Canada, for over ten years. In June 2019, the company completed a deal with an Australian-based private company in which Avalon maintains ownership of the heavy rare earth-rich Basal Zone, while Cheetah Resources will develop neodymium-praseodymium and dysprosium resources in the T-Zone and Tardiff Zones of the property.
Avalon is also currently looking at other rare earth element resource opportunities across North America.
Jolly followed by inquiring about Avalon’s lithium project in northwestern Ontario. The Separation Rapids Lithium Project contains the lithium mineral petalite. While the use of lithium chemicals in batteries is well-publicized by the media, lithium minerals are also a critical ingredient for high-strength glass and ceramic products. “There’s now a shortage in supply of lithium for those markets,” explains Bubar. “So, there’s a real opportunity now for us now to develop an operation to serve the glass-ceramics market.”
Bubar shared that once Avalon successfully begins producing a lithium product for the glass and ceramic market, they plan on expanding to the battery industry for a more long-term opportunity.
To close the interview, Bubar shared his excitement for the increasing demand of rare earths and encouraged listeners to keep up-to-date on Avalon’s progress.
To hear Don Bubar’s entire interview, follow the link to the podcast here:
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on developing its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS to production, while continuing to advance its Nechalacho Rare Earths asset. Social responsibility and environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail Avalon at [email protected], or phone Don Bubar, President & CEO, at 416-364-4938.
This news release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “potential”, “scheduled”, “anticipates”, “continues”, “expects” or “does not expect”, “is expected”, “scheduled”, “targeted”, “planned”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be” or “will not be” taken, reached or result, “will occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Avalon to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. Although Avalon has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to market conditions, and the possibility of cost overruns or unanticipated costs and expenses, as well as those risk factors, set out in the Company’s current Annual Information Form, Management’s Discussion and Analysis and other disclosure documents available under the Company’s profile at www.SEDAR.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements have been provided for the purpose of assisting investors in understanding the Company’s plans and objectives and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking statements. Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
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