Business
Avalon Continues to Advance East Kemptville Tin Site Rehabilitation Project with Completion of PEA
Toronto, Ontario--(Newsfile Corp. - July 24, 2018) - Avalon Advanced Materials ...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"Avalon Continues to Advance East Kemptville Tin Site Rehabilitation Project with Completion of PEAToronto, Ontario--(Newsfile Corp. - July 24, 2018) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQX: AVLNF) (\"Avalon\" or the \"Company\") is pleased to report that further to the Company's news release of June 28, 2018, Avalon has finalized its Preliminary Economic Assessment (\"PEA\") on the East Kemptville Tin Project (the \"Project\"). Avalon also held key meetings with Ministry of Natural Resources officials in Yarmouth, Nova Scotia last week toward achieving a streamlined permitting and approvals process for the Project. The 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. From Day 1 of operations, Avalon's model provides for a reduction in the long term environmental liability and eventual full rehabilitation of this brownfield site. Due to this, it is anticipated that the permitting and approvals process will be much shorter than for a greenfield mine development. There is strong community support for the Project, as well as from local politicians, First Nations and environmental NGOs. Avalon is also in discussions with a number of local businesses towards collaboration on future opportunities including, among others, a long-term vision for turning the rehabilitated site into a solar power generation facility.Avalon's Vice President, Sustainability, Mark Wiseman commented, \"Avalon strives to be a leader in adopting sustainability best practices and innovative project designs. This approach will create an early revenue stream and a platform for growth, while providing a solution for the long term environmental liability on site. In the future, my hope is that this model may be applied elsewhere in our industry's ongoing efforts to minimize its environmental and energy footprint.\" Preliminary Economic Assessment A PEA on the current small-scale re-development and site rehabilitation concept has been prepared by independent consultants Micon International Limited, Toronto, ON. The PEA will be filed with the Province of Nova Scotia as part of the Company's application for a mineral lease and it will be filed on-line (SEDAR) within the next few weeks. ...