Avalon Announces $3.5M Financing from JV Partner and Major Shareholder Sibelco

Toronto, Ontario--(Newsfile Corp. - November 18, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has completed CAD $3,500,000 in convertible debenture financing from its significant shareholder, SCR-Sibelco NV ("Sibelco"), a global leader in material solutions and a leader in the mining and processing of high purity quartz. The proceeds will be used to fund the advancement of its Lake Superior Lithium Project in Thunder Bay, the Ne ...