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Avalon to Receive Funding from Ontario Government for Separation Rapids Lithium Project, Kenora, ON
Jun. 28, 2017 08:59AM PST
Battery MetalsAvalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) (“Avalon” or the “Company”) is pleased to announce that the Government of Ontario has agreed to contribute $500,000 towards assisting Avalon with piloting and scaling up its proprietary process developed to recover high purity lithium hydroxide from the lithium mineral petalite produced from the 100% owned Separation …
Avalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) (“Avalon” or the “Company”) is pleased to announce that the Government of Ontario has agreed to contribute $500,000 towards assisting Avalon with piloting and scaling up its proprietary process developed to recover high purity lithium hydroxide from the lithium mineral petalite produced from the 100% owned Separation Rapids Lithium Project, Kenora, ON. Lithium hydroxide is in increasing demand as a critical material in the manufacturing of lithium ion battery cathodes needed for rapidly growing energy storage and electric vehicle markets.
As quoted in the press release:
Avalon’s President & CEO, Don Bubar commented, “Avalon is very appreciative of the support from the NOHFC. This funding will provide significant financial support towards commercializing the innovative process we have developed to produce lithium battery materials from the Separation Rapids Lithium Project near Kenora.”
