Avalon announces amendments to brokered life financing of up to c$21 million to advance its rare earth and lithium projects in canada

Toronto, ontario--(newsfile corp. - october 23, 2025) - avalon advanced materials inc. (tsx: avl) (otcqb: avlnf) ("avalon" or the "company") is pleased to announce that it has filed an amended and restated offering document under the listed issuer financing exemption (the "amended and restated offering document") to expand on and clarify certain disclosure included in its previously disclosed offering document under the listed issuer financing exemption dated october 14, 2025, including but not limited to, information relating to: the components of the ft units (as defined below) that will qualify as "flow-through shares"; the period during which warrants and broker warrants issued under the offering (as defined below) can be exercised; the company's stock exchange listings; and the proceeds that may be available to the company pursuant to the offering. as previously disclosed, and set forth in the amended and restated offering document, the company has entered into an agreement with canaccord genuity corp. ("canaccord"), as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of agents (collectively, the "agents"), in connection with a brokered private placement under the listed issuer financing exemption of up to: (i) up to 154,545,455 units of the company (each a "non-ft unit") at a price of $0.11 per unit (the "non-ft offering price") for gross proceeds of up to approximately $17,000,000 (the "non-ft offering"); and (ii) up to 30,769,231 flow-through units of the company (each a "ft unit", and together with the non-ft units, the "units") at a price of $0.13 per unit for gross proceeds of up to approximately $4,000,000 (the "ft offering", and together with the non-ft offering, the "offering").
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