Avalon (TSX:AVL) signs off-take agreement for Petalite concentrates from major international glass-ceramics manufacturer

Avalon Advanced Materials (AVL) has secured a commitment to purchase petalite concentrates produced at the company’s Separation Rapids Lithium Project north of Kenora, Ontario
The off-take agreement is with a major non-Chinese international glass ceramic manufacturer
The customer has agreed to initially pay the current market price for the petalite product for at least the first year after commercial shipment commences
President & CEO Don Bubar sat down with Daniella Atkinson to discuss the news
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology
Avalon Advanced Materials Inc. (AVL) opened trading at C$0.160

Avalon Advanced Materials (AVL) has secured a commitment to purchase petalite concentrates from the company’s Separation Rapids Lithium Project.

The project is located north of Kenora, Ontario.

The off-take agreement is with a major non-Chinese international glass ceramic manufacturer.

The agreement is subject to a number of conditions precedent, including the delivery and acceptance of a larger commercial sample of the petalite product.

The customer has agreed to initially pay the current market price for the petalite product for at least the first year after commercial shipment commences.

There is now considerable interest from other major glass ceramic manufacturers in Europe and Asia as there is a global shortage of petalite supply after China took control of the traditional petalite sources in Zimbabwe.

Avalon’s Separation Rapids Project hosts one of the few significant resources of the rare high purity lithium aluminum silicate mineral, petalite (LiAlSi₄O₁₀) in the world.

The next stage is the processing of the 5,000-tonne bulk sample collected from the project site in 2021 to produce trial quantities of the petalite product for the many end-users that have expressed interest.

President & CEO Don Bubar sat down with Daniella Atkinson to discuss the news.

“While Avalon remains committed to serving the emerging lithium battery materials market in Ontario through its recently announced partnership with LG Energy Solution, Ltd., Avalon is also well positioned to serve both the glass-ceramic and battery materials markets due to the large size of the Big Whopper pegmatite resource and the presence of several other petalite pegmatites on the property.

It has been over 20 years since we first tried to serve the glass-ceramics market, but it looks like our time has finally come!”

Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology.

Avalon Advanced Materials Inc. (AVL) opened trading at C$0.160.