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 Unveils Video Rendering for the Thunder Bay Lithium Project Following PEA Completion