Avalon presents at International Electric Vehicle Symposium in Montreal

Avalon Advanced Materials Inc. (TSX:AVL,OTCQX:AVLNF) (formerly Avalon Rare Metals Inc.) announced a report on its recent participation in the 29th Electric Vehicle Symposium and Exhibition (“EVS29”) held in Montreal, June 19 to 22, 2016: the largest electric vehicle conference in the world, with over 2,500 attendees and 150 exhibiting companies. Avalon was invited to participate as an exhibitor within the Ontario Pavilion, sponsored by the Government of Ontario.
As quoted in the press release:

There were many representatives of government in attendance, including the Premier of Quebec, Philippe Couillard; the Parliamentary Secretary to the Minister of Natural Resources, Kim Rudd; and the Minister of Environment and Climate Change for Ontario, Glen Murray. All spoke of the high priority their governments have given to EV adoption through policy and investment commitments.
Automakers seem to be moving rapidly toward EV adoption regardless of government policy initiatives, as rapid advances in lithium ion battery technology are now making EVs both practical and affordable. Most recently, Volkswagen announced their plans to produce 2-3 million EVs annually by 2025 and to manufacture the batteries needed for these vehicles. A recent report by Japanese research firm B3 predicts that the worldwide EV battery market is expected to grow by 66.8% in 2016, and a further 57% in 2017, from a production level of 550,297 vehicles in 2015.
There is little doubt that these very high EV production growth rates will require new secure, sustainable and high quality sources of lithium compounds. Avalon is well-positioned with its advanced Separation Rapids Lithium Project to participate in the rapidly growing lithium ion battery supply chain.

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