Research analysts covering Avalon Advanced Materials.
Recent press releases and 8-K filings for AVLNF.
Avalon Announces Brokered Private Placement
AVLNF
New Projects/Investments
- Avalon Advanced Materials Inc. has entered into an agreement for a brokered private placement to raise gross proceeds of up to approximately $21,000,000.
- The offering consists of up to 154,545,455 Non-FT Units at $0.11 per Unit and up to 30,769,231 FT Units at $0.13 per Unit.
- An Agents' Option allows for the sale of up to 27,272,727 additional Non-FT Units for approximately $3,000,000 in additional gross proceeds.
- Each unit includes a common share and a warrant, with warrants exercisable at $0.17 per Warrant Share for 36 months.
- The net proceeds are intended to fund feasibility studies for the Nechalacho Rare Earths & Zirconium project and the Thunder Bay lithium refinery, repay outstanding convertible notes, cover Canadian exploration expenses, and for general corporate purposes.
Oct 14, 2025, 11:00 AM
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