Core Insights - Avalon Advanced Materials Inc. announced a 28% increase in Measured and Indicated Mineral Resources at the Separation Rapids Project, reflecting significant progress in defining the lithium deposit [1][2][4]. Summary by Sections Mineral Resource Estimate Update - The updated Mineral Resource Estimate (MRE) was prepared by SLR Consulting and is based on 29 new drill holes, showing a 28% increase in Measured + Indicated Mineral Resource tonnage and a 13% decrease in Inferred Mineral Resource tonnage compared to the 2023 MRE [2][6]. Resource Details - As of January 30, 2025, open pit Measured and Indicated Mineral Resources are estimated at 10.73 million tonnes (Mt) grading 1.27% Li₂O, containing 136,429 tonnes of Li₂O. Inferred Mineral Resources are 0.46 Mt grading 0.84% Li₂O, containing 3,817 tonnes of Li₂O [6][8]. - Combined open pit and underground Measured and Indicated Mineral Resources total 12.98 Mt grading 1.34% Li₂O for 173,306 tonnes of Li₂O. Inferred Mineral Resources total 2.29 Mt grading 1.46% Li₂O for 33,497 tonnes of Li₂O [6][10]. Future Plans - The company plans to advance lithium mineral resource development activities in 2025, focusing on metallurgical, geotechnical, and environmental studies, including extensive research on lithium mineral recovery and process development [16][19]. - Targeted drilling will be conducted to define lithium-bearing volumes along the northwest trend of the Separation Rapids pegmatite field [17].

Core Viewpoint - Avalon Advanced Materials Inc. has appointed Mark N.J. Ashcroft as a Strategic Consultant to advance the development of its proposed Lake Superior Lithium Facility, which aims to be Ontario's first midstream lithium hydroxide processing facility, crucial for the electric vehicle battery supply chain [1][2][3]. Company Developments - The appointment of Mark N.J. Ashcroft is expected to enhance Avalon's governance framework and corporate strategy, particularly in establishing the Lake Superior Lithium Facility [2][3]. - Scott Monteith has taken on the role of President of Avalon, while Zeeshan Syed has become Vice-President of External Affairs and Partnerships [3]. Facility Overview - The Lake Superior Lithium Facility is proposed to process 30,000 tonnes of lithium concentrates into battery-grade lithium hydroxide, supporting the electric vehicle battery manufacturing projects in southern Ontario and the U.S. [2][4]. - The facility will be located on a 150-hectare site in Thunder Bay, Ontario, which has existing infrastructure for power, rail, and harbor access, optimizing logistics for the lithium supply chain [4]. Strategic Importance - The facility is positioned to play a critical role in the lithium supply chain in North America, facilitating the transition to clean energy by providing a reliable supply of processed lithium [2][4]. - Thunder Bay's location is advantageous for connecting lithium deposits in northern Ontario with manufacturing plants in southern Ontario and the U.S., enhancing access to key markets [4]. Background of Strategic Consultant - Mark N.J. Ashcroft brings extensive experience in mining operations, corporate development, and finance, having held significant roles in various mining and finance firms [5][7]. - His previous experience includes managing a $51.75 million IPO and serving as CEO of Aurelius Minerals Inc., focusing on gold projects [6][7].

Core Viewpoint - Avalon GloboCare Corp. has launched the "BrAce for Impact" affiliate marketing program for its KetoAir™ breathalyzer device, aimed at promoting ketogenic health monitoring through influencer engagement and social media outreach [1][2][3]. Group 1: Program Details - The "BrAce for Impact" program was created in response to interest expressed at health conferences, offering affiliates a discount and commission structure to promote KetoAir™ [2]. - Affiliates will receive marketing support, including professionally designed materials and access to brand assets, to enhance their promotional efforts [3]. - Joining the program is straightforward, requiring affiliates to complete a form to receive an agreement for signature [4]. Group 2: Product Information - KetoAir™ is a handheld breathalyzer designed for ketogenic health management, measuring breath acetone concentration to assess ketosis status [6]. - The device is registered with the United States FDA and utilizes nano-sensor technology, making it available on both the Apple App Store and Google Play Store [6]. Group 3: Company Overview - Avalon GloboCare Corp. is focused on developing innovative precision diagnostics and laboratory services, aiming to lead in diagnostic testing innovation [7]. - The company offers a wide range of diagnostic tests, including drug testing and toxicology, alongside general bloodwork and anatomic pathology services [7].

Core Viewpoint - Avalon Advanced Materials Inc. has secured CAD $3.5 million in convertible debenture financing from its significant shareholder SCR-Sibelco NV to advance its lithium and rare earth projects and for working capital [1][3]. Financing Details - The financing is structured as an amended and restated debenture, replacing an existing CAD $3.0 million convertible secured debenture, resulting in a total principal amount of CAD $6.5 million [2]. - The debenture carries an interest rate of 7.5% per annum, with maturity set for November 18, 2026 [4]. Project Advancements - The funds will be utilized to accelerate technical studies on the Lake Superior Lithium Project and to prepare a new Mineral Resource Estimate at the Separation Rapids joint venture project [3]. - A Preliminary Economic Assessment (PEA) published on September 3, 2024, indicated a positive after-tax net present value (NPV) of CAD $4.1 billion at an 8% discount rate, with a capital expenditure (Capex) of CAD $1.3 billion for the Lake Superior Lithium Project [3]. Joint Venture Implications - If the debenture and accrued interest are converted at maturity, Sibelco's joint venture interest in Separation Rapids Ltd. will increase by 30%, changing the ownership stakes to 90% for Sibelco and 10% for Avalon [5]. - Sibelco retains the right to convert the debenture into common shares of Avalon or the joint venture company prior to maturity under certain conditions [4][5]. Company Overview - Avalon Advanced Materials Inc. focuses on vertically integrating the Ontario lithium supply chain and is developing multiple lithium and rare earth projects, including the Separation Rapids lithium deposit and the Nechalacho project [6]. - The company is also working on establishing Ontario's first midstream lithium hydroxide processing facility to connect northern lithium resources with southern EV battery manufacturing [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______________ to ________________ Commission file number 1-14105 __________________________________ AVALON HOLDINGS CORPORATION (Ex ...

Avalon Enters into Strategic Collaboration with Qualcomm for Mining Innovation and Technology Solutions in CanadaNovember 06, 2024 7:00 AM EST | Source: Avalon Advanced Materials Inc.Toronto, Ontario--(Newsfile Corp. - November 6, 2024) - Consistent with its strategy to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), is pleased to announce it has signed a memorandum of understanding wi ...

Core Viewpoint - Avalon GloboCare Corp. has entered into a memorandum of understanding with Qi Diagnostics to explore a strategic collaboration for developing a VOC nanosensor-based cannabis breathalyzer, with an exclusivity period of 120 days for negotiations [1][2][3] Group 1: Collaboration Details - The proposed collaboration will focus on the initial prototype-enabling stage, involving critical research, data collection, software development, and prototype design for the cannabis breathalyzer [2] - Avalon believes its regulatory expertise will be beneficial in navigating the regulatory pathways, clinical trials, and approval processes in the United States [2][3] Group 2: Company Background - Avalon GloboCare Corp. is dedicated to developing innovative precision diagnostics and clinical laboratory services, aiming to establish a leading role in diagnostic testing innovation [4] - The company offers a broad portfolio of diagnostic tests, including drug testing, toxicology, general bloodwork, anatomic pathology, and urine toxicology [4]

Core Insights - Avalon Advanced Materials Inc. has released a video rendering showcasing the design and layout of its proposed processing facility at the Lake Superior Lithium Project in Thunder Bay, Ontario, highlighting an innovative battery-grade lithium hydroxide conversion process [1][2] - The completion of the Preliminary Economic Assessment (PEA) indicates strong economic viability and strategic importance to the North American electric vehicle (EV) supply chain, with an after-tax Net Present Value (NPV) of $4.1 billion and an Internal Rate of Return (IRR) of 48% over 30 years [2] Company Overview - Avalon Advanced Materials Inc. is focused on vertically integrating the Ontario lithium supply chain and is developing multiple lithium projects, including the Separation Rapids lithium deposit and the Nechalacho rare earths project [3] - The company aims to establish Ontario's first midstream lithium hydroxide processing facility, which is crucial for connecting northern lithium resources with the southern EV battery manufacturing base [3]

Avalon Advances Sustainability Efforts with Proposed Solar Farm at its Thunder Bay Industrial SiteSeptember 11, 2024 7:00 AM EDT | Source: Avalon Advanced Materials Inc.Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), is pleased to announce plans to develop a zero-emission solar farm at its 100% owned Thunder Bay industrial site, the future home of Avalon's planned lithium processing facility. This i ...

Core Insights - Avalon Advanced Materials Inc. and its joint venture partner SCR-Sibelco NV have initiated a mineral resource update for the Separation Rapids Project in Ontario, focusing on upgrading the 2023 Mineral Resource Estimation and expanding the mineral resource base [1][3]. Drilling Results - The 2024 winter drill campaign has yielded significant lithium intersections, with notable results including: - SR24-114: 1.67% Li2O over 105.6 meters and 1.78% Li2O over 21.5 meters [2] - SR24-113: 1.68% Li2O over 66.2 meters and 1.95% Li2O over 32.6 meters [2] - SR24-115: 1.81% Li2O over 13.8 meters [2] - SR24-116: 1.69% Li2O over 8.9 meters and 1.67% Li2O over 12.7 meters [2] - These results confirm high-grade lithium and indicate potential for increasing the mineral resource base [2]. Future Plans - The company is on track to release an updated 2023 Mineral Resource Estimation in Q3 2024, which is expected to reflect the project's true potential and identify additional exploration targets [3]. - Avalon is strategically positioned to contribute to Canada's Critical Mineral Strategy, particularly in relation to its Thunder Bay Processing facility [3][14]. Industry Context - The ongoing developments at Separation Rapids underscore Avalon's critical role in enhancing the supply chain for the electric vehicle market in North America and the glass ceramics industry [4][14].