Avalon Rare Metals

Last updated
Avalon Advanced Materials Inc
Company type Public
TSX:  AVL OTCQB:  AVLNF
Industry Metals & mining
Headquarters Toronto, Ontario, Canada
Key people
Donald S. Bubar
(President & CEO)

Jim Andersen
(VP Finance, Corporate Secretary & CFO)

Bill Mercer
(VP, Exploration)
Mark Wiseman
(VP, Sustainability)
Products lithium, petalite, tin, neodymium, praseodymium, dysprosium, tantalum, cesium, calcium feldspar, rare-earth elements
Website avalonadvancedmaterials.com

Avalon Advanced Materials Inc. (formerly Avalon Rare Metals Inc.) is a Canadian mineral development company with a primary focus on the rare metals and minerals, headquartered in Toronto, Ontario, Canada. Avalon specializes in niche market of metals and minerals with growing demand in new technology. Avalon's principal assets are its Nechalacho Project (Yellowknife, Northwest Territories), Separation Rapids (near Minaki, Ontario), East Kemptville, Nova Scotia, Lilypad Cesium (near Ignace, Ontario), and Warren Township [1] (Ontario).

Contents

Avalon is listed on the Toronto Stock Exchange under the symbol "AVL" and on the OTCQB market under the symbol "AVLNF".

Projects

Nechalacho Rare Earth Elements Project

Avalon's Nechalacho Rare Earth Elements Deposit [2] is located 100 km southeast of Yellowknife in the Northwest Territories, Canada. Avalon completed a Feasibility Study in April 2013, focused on defining high-grade, resources in the large basal zone of the deposit.

On July 29, 2013, the Mackenzie Valley Environmental Impact Review Board completed its Report of Environmental Assessment and recommended approval of the Nechalacho Project. On November 4, 2013, the Federal government approved the project, allowing the company to proceed with formal applications for the required land use permits and water licenses.

As rare earth prices fell, the project become largely inactive. In May 2018, Avalon announced it was re-activating the project on the global demand for neodymium and praseodymium [2] and in January 2019 it was announced that Avalon and private Australian company Cheetah Resources Pty Ltd would be collaborating to develop the T-Zone and Tardiff Zones of the project. Cheetah is focused on the small-scale development of rare earth resources enriched in the magnet rare earths - neodymium and praseodymium - presently in short supply and high demand for clean technology applications. [3]

The Nechalacho Project at Thor Lake is situated in an area known as the Akaitcho Territory, which is subject to a comprehensive land claim negotiation between several communities of the Dene Nation and Canada's federal government. In 2012, Avalon completed an Accommodation Agreement with the Deninu Kue First Nation. [4] The Accommodation Agreement provides business and employment opportunities for the Deninu Kue related to the project and contains measures to mitigate environmental and cultural impacts that may result from the project development. In February 2014, the company signed a Participation Agreement with the Northwest Territory Metis Nation.

Separation Rapids Lithium Project

Avalon is also developing a lithium (petalite) deposit, located 70 km north of Kenora in Ontario, Canada. The Separation Rapids property is host to a large "complex-type" pegmatite; it is the fourth example in the world of a rare-metal pegmatite with the size required to be of major economic importance. The strike length of the deposit is over 1.5 km, and the width ranges from 10 to 70 metres. The mineralized zone is well exposed at surface in a low dome-shaped hill. This part of the deposit will be readily amenable to mining by low-cost quarrying methods. Avalon has demonstrated it is able to produce high-purity petalite from the deposit, for use in the glass-ceramics industry, as well as battery-grade lithium chemicals for use in the lithium-ion battery sector. [5]

The property lies within the traditional land use area of the Wabaseemoong Independent Nations of Whitedog, Ontario. In August 1999, Avalon signed a Memorandum of Understanding with WIN which was renewed in May 2013.

Lilypad Cesium-Tantalum Project

The Lilypad property consists of 14 claims covering 3,108 hectares located approximately 350 kilometres north of Thunder Bay, near the community of Fort Hope in the traditional territory of the Eabametoong First Nation. Work at Lilypad in 2001-2002 focused on defining tantalum resources, but was also successful in identifying widespread occurrences of the cesium ore mineral pollucite in a field of highly fractionated lithium-cesium-tantalum pegmatite dykes. In October 2020, Avalon carried out a short field program to collect 200 kilograms of cesium mineralized pegmatite rock for study on how to efficiently concentrate the pollucite mineralization which is found widely distributed throughout the many LCT pegmatite dykes on the property. [6]

East Kemptville Tin Project

The East Kemptville Tin Project is located approximately 45 km northeast of Yarmouth, Nova Scotia in the vicinity of the former East Kemptville Tin Mine. In May 2014, Avalon entered into an agreement with the surface rights holder to secure access to lands held under the Special Licence for a limited drilling program, to confirm historic estimates of tin-copper-zinc resources remaining in the ground after production ceased at the East Kemptville mine in 1992, and bring them into compliance with NI 43–101 for reporting purposes. In July 2018, Avalon announced the completion of a positive Preliminary Economic Assessment on the project. The company's re-development model, as presently conceived, is an environmental remediation project that will be financed through the sale of tin concentrates recovered in large part from previously-mined mineralized material on the site. [7]

Corporate sustainability

Avalon has made social responsibility, health and safety and environmental stewardship its cornerstones of development. In 2011, Avalon produced its first full corporate sustainability report, entitled Journey to a Sustainable Future, prepared within the framework of the GRI version G3.1. [8] A 2020 Sustainability Report was released in November 2020. [9]

See also

Related Research Articles

<span class="mw-page-title-main">Caesium</span> Chemical element, symbol Cs and atomic number 55

Caesium is a chemical element; it has symbol Cs and atomic number 55. It is a soft, silvery-golden alkali metal with a melting point of 28.5 °C, which makes it one of only five elemental metals that are liquid at or near room temperature. Caesium has physical and chemical properties similar to those of rubidium and potassium. It is pyrophoric and reacts with water even at −116 °C (−177 °F). It is the least electronegative element, with a value of 0.79 on the Pauling scale. It has only one stable isotope, caesium-133. Caesium is mined mostly from pollucite. Caesium-137, a fission product, is extracted from waste produced by nuclear reactors. It has the largest atomic radius of all elements whose radii have been measured or calculated, at about 260 picometers.

<span class="mw-page-title-main">Lithium</span> Chemical element, symbol Li and atomic number 3

Lithium is a chemical element; it has symbol Li and atomic number 3. It is a soft, silvery-white alkali metal. Under standard conditions, it is the least dense metal and the least dense solid element. Like all alkali metals, lithium is highly reactive and flammable, and must be stored in vacuum, inert atmosphere, or inert liquid such as purified kerosene or mineral oil. It exhibits a metallic luster. It corrodes quickly in air to a dull silvery gray, then black tarnish. It does not occur freely in nature, but occurs mainly as pegmatitic minerals, which were once the main source of lithium. Due to its solubility as an ion, it is present in ocean water and is commonly obtained from brines. Lithium metal is isolated electrolytically from a mixture of lithium chloride and potassium chloride.

<span class="mw-page-title-main">Mining</span> Extraction of valuable minerals or other geological materials from the Earth

Mining is the extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. The ore must be a rock or mineral that contains valuable constituent, can be extracted or mined and sold for profit. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water.

<span class="mw-page-title-main">Neodymium</span> Chemical element, symbol Nd and atomic number 60

Neodymium is a chemical element; it has symbol Nd and atomic number 60. It is the fourth member of the lanthanide series and is considered to be one of the rare-earth metals. It is a hard, slightly malleable, silvery metal that quickly tarnishes in air and moisture. When oxidized, neodymium reacts quickly producing pink, purple/blue and yellow compounds in the +2, +3 and +4 oxidation states. It is generally regarded as having one of the most complex spectra of the elements. Neodymium was discovered in 1885 by the Austrian chemist Carl Auer von Welsbach, who also discovered praseodymium. It is present in significant quantities in the minerals monazite and bastnäsite. Neodymium is not found naturally in metallic form or unmixed with other lanthanides, and it is usually refined for general use. Neodymium is fairly common—about as common as cobalt, nickel, or copper and is widely distributed in the Earth's crust. Most of the world's commercial neodymium is mined in China, as is the case with many other rare-earth metals.

<span class="mw-page-title-main">Ore</span> Rock with valuable metals, minerals and elements

Ore is natural rock or sediment that contains one or more valuable minerals concentrated above background levels, typically containing metals, that can be mined, treated and sold at a profit. The grade of ore refers to the concentration of the desired material it contains. The value of the metals or minerals a rock contains must be weighed against the cost of extraction to determine whether it is of sufficiently high grade to be worth mining and is therefore considered an ore. A complex ore is one containing more than one valuable mineral.

<span class="mw-page-title-main">Rubidium</span> Chemical element, symbol Rb and atomic number 37

Rubidium is a chemical element; it has symbol Rb and atomic number 37. It is a very soft, whitish-grey solid in the alkali metal group, similar to potassium and caesium. Rubidium is the first alkali metal in the group to have a density higher than water. On Earth, natural rubidium comprises two isotopes: 72% is a stable isotope 85Rb, and 28% is slightly radioactive 87Rb, with a half-life of 48.8 billion years—more than three times as long as the estimated age of the universe.

<span class="mw-page-title-main">Pegmatite</span> Igneous rock with very large interlocked crystals

A pegmatite is an igneous rock showing a very coarse texture, with large interlocking crystals usually greater in size than 1 cm (0.4 in) and sometimes greater than 1 meter (3 ft). Most pegmatites are composed of quartz, feldspar, and mica, having a similar silicic composition to granite. However, rarer intermediate composition and mafic pegmatites are known.

<span class="mw-page-title-main">Rare-earth element</span> Any of the fifteen lanthanides plus scandium and yttrium

The rare-earth elements (REE), also called the rare-earth metals or rare earths or, in context, rare-earth oxides, and sometimes the lanthanides, are a set of 17 nearly indistinguishable lustrous silvery-white soft heavy metals. Compounds containing rare earths have diverse applications in electrical and electronic components, lasers, glass, magnetic materials, and industrial processes.

<span class="mw-page-title-main">Spodumene</span> Pyroxene, inosilicate mineral rich in lithium

Spodumene is a pyroxene mineral consisting of lithium aluminium inosilicate, LiAl(SiO3)2, and is a commercially important source of lithium. It occurs as colorless to yellowish, purplish, or lilac kunzite (see below), yellowish-green or emerald-green hiddenite, prismatic crystals, often of great size. Single crystals of 14.3 m (47 ft) in size are reported from the Black Hills of South Dakota, United States.

<span class="mw-page-title-main">Thorianite</span>

Thorianite is a rare thorium oxide mineral, ThO2. It was originally described by Ananda Coomaraswamy in 1904 as uraninite, but recognized as a new species by Wyndham R. Dunstan. It was so named by Dunstan on account of its high percentage of thorium; it also contains the oxides of uranium, lanthanum, cerium, praseodymium and neodymium. Helium is present, and the mineral is slightly less radioactive than pitchblende, but is harder to shield due to its high energy gamma rays. It is common in the alluvial gem-gravels of Sri Lanka, where it occurs mostly as water worn, small, heavy, black, cubic crystals. The largest crystals are usually near 1.5 cm. Larger crystals, up to 6 cm (2.4 in), have been reported from Madagascar.

<span class="mw-page-title-main">Mining industry of Nigeria</span>

The mining of minerals in Nigeria accounts for only 0.3% of its gross domestic product, due to the influence of its vast oil resources. The domestic mining industry is underdeveloped, leading to Nigeria having to import minerals that it could produce domestically, such as salt or iron ore. The rights to ownership of mineral resources is held by the Federal Government of Nigeria, which grants titles to organizations to explore, mine, and sell mineral resources. Organized mining began in 1903, when the Mineral Survey of the Northern Protectorates was created by the British colonial government. A year later, the Mineral Survey of the Southern Protectorates was founded. By the 1940s, Nigeria was a major producer of tin, columbite, and coal. The discovery of oil in 1956 hurt the mineral extraction industries, as government and industry both began to focus on this new resource. The Nigerian Civil War in the late 1960s led many expatriate mining experts to leave the country. Mining regulation is handled by the Ministry of Solid Minerals Development, who are tasked with the responsibility of overseeing the management of all mineral resources in Nigeria. Mining law is codified in the Federal Minerals and Mining Act of 1999. Historically, Nigeria's mining industry was monopolized by state-owned public corporations. This led to a decline in productivity in almost all mineral industries. The Obasanjo administration began a process of selling off government-owned corporations to private investors in 1999. The Nigerian Mining Industry has picked up since the "Economic Diversification Agenda", from Oil & Gas, to Agriculture, Mining, etc., began in the country.

<span class="mw-page-title-main">Mining in Afghanistan</span>

Mining in Afghanistan was controlled by the Ministry of Mines and Petroleum, prior to the August 15th takeover by the Taliban. It is headquartered in Kabul with regional offices in other parts of the country. Afghanistan has over 1,400 mineral fields, containing barite, chromite, coal, copper, gold, iron ore, lead, natural gas, petroleum, precious and semi-precious stones, salt, sulfur, lithium, talc, and zinc, among many other minerals. Gemstones include high-quality emeralds, lapis lazuli, red garnet and ruby. According to a joint study by The Pentagon and the United States Geological Survey, Afghanistan has an estimated US$1 trillion of untapped minerals.

<span class="mw-page-title-main">Mining in Namibia</span>

Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. Its contribution to the gross domestic product is also very important and makes it one of the largest economic sectors of the country. Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.

<span class="mw-page-title-main">Tanco Mine</span> Canadian underground mine

Tanco Mine or Bernic Lake mine is an underground caesium and tantalum mine, owned and since 2019 owned and operated by Sinomine Resource Group on the north west shore of Bernic Lake, Manitoba, Canada. The mine has the largest known deposit of pollucite and is also the world's largest producer of caesium.

The Ring of Fire is a vast, mineral-rich region located in the remote James Bay Lowlands of Northern Ontario, Canada. Spanning approximately 5,000 square kilometres (1,900 sq mi), the area is rich in chromite, nickel, copper, platinum group elements, gold, zinc, and other valuable minerals. Discovered in the early 21st century, the Ring of Fire is considered one of the most significant mineral deposits in Canada, with the potential to greatly impact the nation's economy and global mining industry. The development of this region has been a subject of ongoing debate, as stakeholders weigh the economic benefits against environmental concerns and the rights of Indigenous communities in the area. Despite these challenges, the Ring of Fire had remained a focal point for the Canadian mining sector and government, as well as international investors. By July 2023, the federal and provincial governments were no longer in agreement on priorities for federal funding of the Ring of Fire. Georgia Lake lithium project, KGHM's Victoria mine proposal and the Onaping Depth nickel project—which will produce minerals required for the low carbon economy—had become higher priorities, particularly as the Ring of Fire project is situated in a region of "vast, environmentally sensitive...peatlands".

<span class="mw-page-title-main">Indian Rare Earths</span> Government-owned corporation

IREL (India) Limited is an Indian Public Sector Undertaking based in Mumbai, Maharashtra. It has a specialization in mining and refining of rare earth metals.

Thor Lake is a deposit of rare metals located in the Blachford Lake intrusive complex. It is situated 5 km north of the Hearne Channel of Great Slave Lake, Northwest Territories, Canada, approximately 100 kilometers east-southeast of the capital city of Yellowknife. Geologically located on the Canadian Shield it is mostly composed of peralkaline syenite. The Blatchford Lake complex was created in the early Proterozoic, 2.14 Ga ago. The deposit is divided in several sub-structures. In a small zone at the northern edge of the syenite, the T-Zone, minerals like bastnäsite, phenakite and xenotime can be found.

Energy Transition Minerals Ltd is an ASX-listed company focused on the exploration, development and financing of minerals that are critical to a low carbon future. The company’s current projects include the Kvanefjeld, located in Greenland, and Villasrubias, located in Spain.

Since 2011 the European Commission has assessed every 3 years a list of Critical Raw Materials (CRMs) for the EU economy within its Raw Materials Initiative. To date, 14 CRMs were identified in 2011, 20 in 2014, 27 in 2017 and 30 in 2020. These materials are mainly used in energy transition and digital technologies. Then in March 2023 Commission President Ursula von der Leyen proposed the Critical Raw Materials Act, "for a regulation of the European Parliament and of the European Council establishing a framework for ensuring a secure and sustainable supply of critical raw materials". At the time, Europe depended on China for 98% of its rare-earth needs, 97% of its lithium supply and 93% of its magnesium supply.

The Finnis Lithium Project is a lithium mine situated near Darwin, Northern Territory, Australia. The project is being developed by Core Lithium.

References

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  2. 1 2 "Avalon Advanced Materials: Overview". Archived from the original on 2016-03-15. Retrieved 2016-03-15.
  3. "Aussie and Canadian miner join forces in rare earths project". 31 January 2019. Archived from the original on 4 February 2019. Retrieved 4 February 2019.
  4. "Avalon Rare Metals Inc. - Avalon and the Deninu K'ue First Nation Enter into Accommodation Agreement". Archived from the original on 2014-01-10. Retrieved 2013-06-25.
  5. Ontario Supporting Mining Innovation in Kenora. Ministry of Northern Development and Mines, ontario.ca, June 26, 2017.
  6. "Growing cesium demand reactivates Lilypad project". 15 October 2020. Archived from the original on 24 January 2021. Retrieved 11 January 2021.
  7. "Avalon Advanced Materials: News Releases". Archived from the original on 2018-07-25. Retrieved 2018-07-25.
  8. "Journey To A Sustainable Future" (PDF). Archived from the original (PDF) on June 29, 2013.
  9. "Avalon Advanced Materials: 2020 Sustainability Report". Archived from the original on 2021-01-14. Retrieved 2021-01-11.