Toronto, Ontario--(Newsfile Corp. - November 18, 2025) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce the appointment of Vienna Psihos as Manager, Public Affairs & Government Relations.Ms. Psihos brings strong experience at the intersection of government decision-making, regulatory processes, and strategic communications. Her expertise will support Avalon as it advances key critical minerals projects across Canada. Ms. Psihos holds a Bachelor o ...

Core Viewpoint - Avalon Holdings Corporation reported a slight increase in net operating revenues for Q3 2025 compared to Q3 2024, but a decline in revenues for the first nine months of 2025 compared to the same period in 2024 [2][3]. Financial Performance - Net operating revenues for Q3 2025 were $25.7 million, up from $24.2 million in Q3 2024, representing a year-over-year increase of approximately 6.2% [2]. - Net income attributable to common shareholders for Q3 2025 was $1.9 million, compared to $1.8 million in Q3 2024, indicating a growth of about 5.6% [2]. - Basic net income per share for Q3 2025 was $0.49, an increase from $0.47 in Q3 2024 [2]. - For the first nine months of 2025, net operating revenues totaled $62.1 million, down from $66.2 million in the same period of 2024, reflecting a decrease of approximately 6.2% [3]. - Net income for the first nine months of 2025 was approximately $0.7 million, a significant decline from $1.8 million in the first nine months of 2024 [3]. - Basic net income per share for the first nine months of 2025 was $0.17, compared to $0.47 in the same period of 2024 [3]. Business Operations - Avalon Holdings Corporation provides waste management services to various sectors including industrial, commercial, municipal, and governmental customers in selected northeastern and midwestern U.S. markets [4]. - The company also offers captive landfill management services and salt water injection well operations, alongside operating Avalon Resorts and Clubs Inc., which includes a hotel, golf courses, and a multipurpose recreation center [4].

Financial Performance - Net operating revenues increased to $25.7 million in Q3 2025, up from $24.2 million in Q3 2024, with the waste management services segment contributing approximately $12.9 million, an increase from $11.5 million [154]. - Net income attributable to Avalon Holdings Corporation common shareholders was $1.9 million, or $0.49 per share, in Q3 2025, compared to $1.8 million, or $0.47 per share, in Q3 2024, reflecting a 5.6% increase in net income [159]. - Net operating revenues decreased to $62.1 million in the first nine months of 2025 from $66.2 million in the first nine months of 2024, a decrease of 6.2% [174]. - Net income attributable to Avalon Holdings Corporation common shareholders for the first nine months of 2025 was $0.7 million, or $0.17 per share, down from $1.8 million, or $0.47 per share, in the first nine months of 2024, a decline of 61.1% [180]. - Net income attributable to Avalon Holdings Corporation common shareholders was $0.7 million in the first nine months of 2025, down from $1.8 million in the same period of 2024 [195]. Revenue Segments - Net operating revenues of the waste management services segment were approximately $12.9 million in Q3 2025, up from $11.5 million in Q3 2024, representing a 12.1% increase [161]. - Net operating revenues from waste disposal brokerage and management services were approximately $12.2 million in Q3 2025, compared to $10.8 million in Q3 2024, an increase of 12.9% [162]. - Event work net operating revenues increased to approximately $5.3 million in Q3 2025 from $3.7 million in Q3 2024, a growth of 43.2% [162]. - Net operating revenues of the golf and related operations segment were approximately $12.8 million in both Q3 2025 and Q3 2024, indicating no growth [166]. - Other net operating revenues related to golf operations were approximately $19.4 million for both the first nine months of 2025 and 2024 [189]. Costs and Expenditures - Total cost of operations for the waste management services segment rose to $10.3 million in Q3 2025, compared to $8.9 million in Q3 2024, primarily due to increased revenues [155]. - Total cost of operations for the waste management services segment rose to approximately $10.3 million in Q3 2025 from $8.9 million in Q3 2024, an increase of 15.7% [164]. - Total cost of operations for the golf and related operations segment was $9.4 million in Q3 2025, slightly up from $9.3 million in Q3 2024 [169]. - Total cost of operations for the golf segment increased to $24.1 million in the first nine months of 2025 from $23.6 million in 2024, primarily due to higher utility costs [190]. - The cost of food, beverage, and merchandise sales was approximately 45% of associated revenue in the first nine months of 2025, up from 44% in the same period of 2024 [190]. Working Capital and Financing - Working capital improved to approximately $0.3 million at September 30, 2025, from a deficit of approximately $0.9 million at December 31, 2024, driven by increased cash and accounts receivable [140]. - Accounts receivable increased to $12.5 million at September 30, 2025, compared to $8.6 million at December 31, 2024, with significant contributions from both the golf operations and waste management services segments [141]. - Deferred revenue related to membership dues rose to approximately $4.6 million at September 30, 2025, up from $3.5 million at December 31, 2024, reflecting the timing of annual membership renewals [145]. - Capital expenditures for the nine months ended September 30, 2025, totaled $1.4 million, with expectations for 2025 expenditures ranging from $1.5 million to $2.5 million, primarily for remodeling and improvements [138][139]. - The Line of Credit Agreement allows for borrowings up to $5.0 million, with approximately $3.2 million outstanding as of September 30, 2025, and an interest rate of 7.50% [133][134]. Strategic Initiatives - Avalon is exploring acquisition opportunities in the northeast Ohio area, particularly targeting private country clubs facing economic difficulties [152]. - The company aims to enhance its waste management services segment through increased sales and marketing efforts, focusing on customer retention and new business acquisition [148][149]. Challenges and Risks - Avalon is facing challenges in attracting and retaining members, which is critical for the success of its golf operations [192]. - Economic conditions, including inflation and potential recessions, could adversely affect consumer discretionary spending, impacting Avalon’s financial performance [202]. - The profitability of the golf segment is sensitive to changes in commodity costs, which are expected to remain elevated throughout 2025 due to inflationary pressures [205]. - Avalon’s business is significantly dependent on the sale and renewal of memberships in the Avalon Golf and Country Club on a year-to-year basis [209]. - The Company's operations are seasonal, significantly dependent on weather conditions during the golf season, which can adversely affect financial performance [230]. - The Federal Reserve's elevated interest rates and high consumer goods pricing impact the Company's operations, with inflation potentially affecting consumer spending habits [231].

Core Viewpoint - Avalon Advanced Materials Inc. has successfully closed a brokered private placement financing of approximately C$18.65 million to advance its rare earth and lithium projects in Canada, positioning itself as a key player in the critical minerals supply chain [2][4][7]. Financing Details - The financing involved the issuance of 133,218,180 non-flow-through units and 30,769,231 flow-through units, resulting in total gross proceeds of $18,653,999.83 [2][3]. - Each non-flow-through unit consists of one common share and one common share purchase warrant, while each flow-through unit includes one common share qualifying as a "flow-through share" and one warrant [3]. Use of Proceeds - The net proceeds from the offering will be utilized for several purposes, including: - Preparing an updated feasibility study for the Nechalacho Rare Earths & Zirconium project [5]. - Conducting a feasibility study for the planned Thunder Bay lithium refinery [5]. - Repaying outstanding convertible notes [5]. - General working capital and corporate purposes [5]. Strategic Positioning - The financing is seen as a transformative milestone for Avalon, enabling the company to accelerate the advancement of its rare earth and lithium assets and strengthen its balance sheet [4]. - Avalon aims to play a significant role in the global shift towards secure critical minerals supply chains, as nations prioritize resilience and independence in sourcing these materials [4][7]. Regulatory and Advisory Information - The offering was completed under the Listed Issuer Financing Exemption and is not subject to a hold period under Canadian securities laws, pending final approval from the Toronto Stock Exchange [6]. - Canaccord Genuity Corp. acted as the lead agent and sole bookrunner for the offering [4][8].

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Qualigen Therapeutics, Inc. (QLGN) increased by 69% to $6.00 - Inhibrx Biosciences, Inc. (INBX) rose by 62% to $46.04 - MidWestOne Financial Group, Inc. (MOFG) gained 33% to $37.87 - Neuphoria Therapeutics Inc. (NEUP) up by 31% to $5.32 - Nextracker Inc. (NXT) increased by 13% to $102.44 - Avalon Holdings Corporation (AWX) rose by 11% to $2.98 - Beyond Meat, Inc. (BYND) up by 9% to $3.12 - SLM Corporation (SLM) increased by 8% to $29.00 - Reborn Coffee, Inc. (REBN) rose by 7% to $2.40 - Oriental Culture Holding LTD (OCG) increased by 5% to $3.55 [3] Premarket Losers - Picard Medical, Inc. (PMI) decreased by 70% to $3.89 - Fusemachines Inc. Common stock (FUSE) down by 17% to $3.29 - American Rebel Holdings, Inc. (AREB) fell by 16% to $3.14 - Armata Pharmaceuticals, Inc. (ARMP) down by 13% to $6.16 - Coya Therapeutics, Inc. (COYA) decreased by 13% to $6.01 - Deckers Outdoor Corporation (DECK) down by 12% to $90.00 - Safe & Green Holdings Corp. (SGBX) fell by 12% to $2.58 - Beasley Broadcast Group, Inc. (BBGI) decreased by 8% to $5.55 - Booz Allen Hamilton Holding Corporation (BAH) down by 7% to $92.73 - Brera Holdings PLC (SLMT) decreased by 6% to $10.67 [4]

Core Viewpoint - Avalon Advanced Materials Inc. has announced an amended offering to raise up to C$21 million to advance its rare earth and lithium projects in Canada [1][4]. Offering Details - The company has entered into an agreement with Canaccord Genuity Corp. for a brokered private placement of up to 154,545,455 non-flow-through units at a price of $0.11 per unit, aiming for gross proceeds of approximately $17 million [2]. - Additionally, the offering includes up to 30,769,231 flow-through units at a price of $0.13 per unit, targeting gross proceeds of approximately $4 million [2]. - An option is granted to the agents to sell up to 27,272,727 additional non-flow-through units, potentially raising an additional $3 million [3]. Use of Proceeds - The net proceeds from the offering are expected to fund the preparation of updated feasibility studies for the Nechalacho Rare Earths & Zirconium project and the planned Thunder Bay lithium refinery, repayment of outstanding convertible notes, and general corporate purposes [10][14]. Company Overview - Avalon Advanced Materials Inc. is focused on developing critical minerals essential for Canada's future, including advancing the Nechalacho Rare Earth Elements and Zirconium Project and establishing a lithium hydroxide processing facility in Ontario [12]. - The company aims to strengthen the North American critical minerals supply chain, particularly for advanced technologies in various sectors [4][12].

Core Points - Avalon Advanced Materials Inc. has canceled its special meeting of shareholders originally scheduled for October 7, 2025, due to not meeting quorum requirements [1][2] - The matter intended for discussion at the meeting, the adoption of a shareholder rights plan, will be addressed at a later date [2] - Proxies submitted for the canceled meeting will not be valid for any future meetings regarding the shareholder rights plan [2] Company Overview - Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on developing strategic assets to support secure domestic supply chains and long-term economic growth [4] - The company is working on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc., which will be Ontario's first midstream lithium hydroxide processing facility [4] - Avalon is advancing the Separation Rapids Lithium Project and continuing exploration at its Snowbank lithium and Lilypad lithium-cesium deposits [4] - The company is also progressing the Nechalacho Rare Earths and Zirconium Project, which contains various critical minerals used in advanced technologies [4]

Core Points - Avalon Advanced Materials Inc. has extended the deadline for shareholders to submit their votes for the upcoming Special Meeting of Shareholders [1][2] - The new voting deadline is set for Monday, October 6, 2025, at 4:00 p.m. ET, while the Special Meeting will take place on Tuesday, October 7, 2025, at 10:00 a.m. ET [8] Company Overview - Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on developing strategic assets to support secure domestic supply chains and long-term economic growth [5] - The company is advancing the Ontario lithium supply chain through the development of Lake Superior Lithium Inc., which will be Ontario's first midstream lithium hydroxide processing facility [5] - Avalon is also involved in the Separation Rapids Lithium Project and continues exploration at its Snowbank lithium and Lilypad lithium-cesium deposits [5] - Additionally, the company is advancing the Nechalacho Rare Earths and Zirconium Project, which contains various critical minerals used in advanced technologies [5]

Core Viewpoint - Avalon Advanced Materials Inc. is transitioning from an exploration-focused company to a strategic mid-stream processor and developer of critical mineral assets, particularly lithium and rare earth elements, to enhance North America's supply chain security [1][2]. Company Strategy - The company is participating in the Water Tower Research Small Cap Symposium to discuss its strategy and the importance of critical minerals [1]. - Avalon aims to unlock shareholder value through the development of its lithium and rare earth projects, emphasizing its role as a mid-stream processor [2]. Key Projects - Avalon is developing the Lake Superior Lithium Inc. facility, Ontario's first midstream lithium hydroxide processing facility, which will connect northern Ontario's lithium resources to the EV battery manufacturing base in southern Ontario and North America [5]. - The company is advancing the Separation Rapids Lithium Project and exploring the Snowbank and Lilypad lithium-cesium deposits [5]. - Avalon is also progressing with the Nechalacho Rare Earths and Zirconium Project, which contains various critical minerals essential for advanced technologies [5]. Industry Context - The upcoming podcast episode titled "Critical Elements Mining and Processing Infrastructure Buildout: A Matter of National Security" will further elaborate on the significance of critical minerals in the context of national security [3]. - Investors and stakeholders can access the podcast on various platforms, highlighting the company's commitment to transparency and communication [4].

Core Viewpoint - Avalon Advanced Materials Inc. is currently monitoring a forest fire near its Nechalacho property in the Northwest Territories, Canada, and will provide updates if there are material impacts on timelines or costs [1][2]. Company Overview - Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on developing strategic assets to support secure domestic supply chains and long-term economic growth [2]. - The company is advancing the Ontario lithium supply chain through the development of Lake Superior Lithium Inc., which will be Ontario's first midstream lithium hydroxide processing facility located in Thunder Bay [2]. - Avalon is also involved in the Separation Rapids Lithium Project through a joint venture with SCR-Sibelco NV, and continues exploration at its Snowbank lithium and Lilypad lithium-cesium deposits [2]. - The Nechalacho Rare Earths and Zirconium Project contains all light and heavy rare earth elements, as well as yttrium, zirconium, tantalum, and niobium, which are critical for advanced technologies in various sectors [2].