- 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**.  **[1362898_f54a1e505087420286c0bac8a9d88efe_0]** 
- 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**.  **[1362898_f54a1e505087420286c0bac8a9d88efe_0]** 
- 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.  **[1362898_f54a1e505087420286c0bac8a9d88efe_0]** 
- Each unit includes a common share and a warrant, with warrants exercisable at **$0.17 per Warrant Share** for **36 months**.  **[1362898_f54a1e505087420286c0bac8a9d88efe_0]** 
- 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.  **[1362898_f54a1e505087420286c0bac8a9d88efe_1]**

Avalon Advanced Materials (AVLNF)