Avalon announces results of independent valuation report for the site of its planned thunder bay lithium processing facility

Toronto, ontario--(newsfile corp. - may 27, 2024) - avalon advanced materials inc. (tsx: avl) (otcqb: avlnf) ("avalon" or the "company") is pleased to announce the results of an order of magnitude site infrastructure valuation report prepared by afry canada ("afry") for the site of avalon's proposed lithium processing facility in thunder bay, ontario. the report highlights that the replacement cost of the infrastructure at avalon's thunder bay site, factoring in its current condition, is estimated to be $46 million.
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