Avalon Provides Update on Wildfire at Nechalacho Property in Northwest Territories

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].