Core Viewpoint - Avalon Advanced Materials Inc. has adopted a shareholder rights plan to protect all shareholders from unsolicited take-over bids and "creeping bids" that could accumulate over 20% of the company's shares [2][3]. Group 1: Shareholder Rights Plan - The Rights Plan is effective as of April 8, 2025, and aims to ensure fair treatment of all shareholders [1]. - One right will be issued for each common share, allowing rights holders (excluding the acquiring person) to purchase additional shares at a 50% discount if the rights become exercisable [4]. - The plan has been conditionally approved by the Toronto Stock Exchange and requires ratification by shareholders within six months [5]. Group 2: Company Overview - Avalon Advanced Materials Inc. is focused on vertically integrating the Ontario lithium supply chain and is advancing its Separation Rapids lithium Project [6]. - The company is also exploring its Snowbank lithium and Lilypad lithium-caesium deposits, and developing the Nechalacho rare earths and zirconium project [6]. - Avalon is working on establishing Ontario's first midstream lithium hydroxide processing facility in Thunder Bay, which is crucial for linking northern lithium resources with southern EV battery manufacturing [6].
Avalon Advanced Materials Adopts Shareholder Rights Plan