Avalon Advanced Materials: Shareholders Approve Strategic Initiatives at 2025 Annual Meeting

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) held its 2025 Annual and Special Meeting of Shareholders on February 27, 2025, where shareholders approved several key initiatives that reflect the company's commitment to growth and strategic direction. The meeting saw overwhelming support for the company's management and strategic initiatives, with all seven director nominees elected and other important decisions made.



At the meeting, shareholders approved the reappointment of Ernst & Young LLP as auditors of the Company, demonstrating their confidence in the company's financial reporting and commitment to transparency. Additionally, disinterested shareholders approved the issuance of common shares of the Company to SCR-Sibelco NV upon conversion of the amended and restated convertible debenture dated November 18, 2024, in accordance with its terms. This issuance of shares signifies a strategic partnership between the two companies and will provide Avalon with additional capital to fund its growth initiatives.

Avalon Advanced Materials is an emerging Canadian manufacturing company focused on vertically integrating the Ontario lithium supply chain. The company is developing the Lake Superior Lithium Facility, Ontario's first midstream lithium hydroxide processing facility in Thunder Bay, Ontario, which will serve as a strategic link in bridging the lithium resources of northern Ontario with the downstream EV battery manufacturing base in southern Ontario and North America. Through its joint venture with SCR-Sibelco NV, Avalon is currently developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the lithium-focused Snowbank and Lilypad Projects. Additionally, the company is advancing its Nechalacho Rare Earths and Zirconium Project located in the Northwest Territories, which contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors.

The approval of these initiatives at the 2025 Annual and Special Meeting of Shareholders reflects shareholders' confidence in Avalon Advanced Materials' strategic direction and commitment to growth. The company's focus on vertically integrating the Ontario lithium supply chain, developing strategic partnerships, and advancing its critical mineral projects positions it well for future success in the rapidly growing clean technology and advanced materials sectors. As an investor, keeping an eye on Avalon Advanced Materials' progress and developments can provide valuable insights into the company's potential for long-term growth and success.