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Avalon Advanced Materials Appoints Glen Smith as Project Director for Lake Superior Lithium Refinery Feasibility & Construction
Toronto, Ontario--(Newsfile Corp. - March 16, 2026) - Avalon Advanced Materials Inc. (TSX: AVL)...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"Avalon Advanced Materials Appoints Glen Smith as Project Director for Lake Superior Lithium Refinery Feasibility & ConstructionToronto, Ontario--(Newsfile Corp. - March 16, 2026) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (\"Avalon\" or the \"Company\") is pleased to announce the appointment of Glen Smith, P.Eng., as Project Director, Refinery Feasibility & Construction, based in Thunder Bay, where he will lead the advancement of the Company's Lake Superior Lithium Inc. (\"LSLi\") Project.As project momentum continues and feasibility work advances, Mr. Smith's over 35 years of experience as a professional engineer across the hydrometallurgical, petrochemical, and nuclear industries will be instrumental in progressing the LSLi Project through its next stage of development. He brings extensive expertise in process design, process control, plant operations, and project execution - capabilities directly aligned with the technical requirements of advancing the project toward construction readiness. His experience spans engineering and feasibility studies, brownfield and greenfield project development, operations readiness, plant commissioning, and operational optimization, with project work undertaken across Canada, the United States, South America, Africa, and Asia. This presents a significant step forward for Avalon's technical team and engineering partners in Thunder Bay as it advances the detailed work required to complete the feasibility study by 2027 and further position the project for development planning. \"As the project advances, it is essential that we have a fully integrated project team based in Thunder Bay. Mr. Smith positions the technical leadership on the ground for close coordination of engineering activities, effective project management, and direct engagement with regional partners and communities. Building this capability locally strengthens our ability to advance the project in a disciplined and responsible manner and we are thrilled to welcome Glen,\" said Scott Monteith, President and CEO of Avalon Advanced Materials Inc.LSLi PEA Project HighlightsAfter-tax Net Present Value of Cdn $4.1 billion at an 8% discount rate and an after-tax Internal Rate of Return of 48% over a 30-year operating mine life, based on annual production of approximately 30,000 tonnes of battery-grade lithium hyd...