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Avalon Expands Partnership Agreement with Metso of Finland for its Lithium Processing Facility and New Technology & Innovation Centre in Ontario
Avalon Expands Partnership Agreement with Metso of Finland for its Lithium Processing Facility an...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"\n \n \n \n Avalon Expands Partnership Agreement with Metso of Finland for its Lithium Processing Facility and New Technology & Innovation Centre in Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Avalon Expands Partnership Agreement with Metso of Finland for its Lithium Processing Facility and New Technology & Innovation Centre in Ontario\n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Oct. 19, 2023\n \n \n /CNW/ - Consistent with its strategic objective to build\n \n Ontario's\n \n first vertically integrated lithium supply chain serving the North American EV battery market,\n \n \n Avalon Advanced Materials Inc.\n \n \n (TSX: AVL) (OTCQB: AVLNF) (\"Avalon\" or the \"Company\") has entered into an expanded partnership agreement with\n \n Metso Corporation\n \n (\"Metso\") to advance the construction of a full-service lithium processing facility in\n \n Thunder Bay, Ontario\n \n . The parties have also agreed to co-develop a Technology & Innovation Centre to be located on-site in\n \n Thunder Bay\n \n , accelerating an Industrial Park concept that will co-locate key supply chain partners.\n \n \n \n \n \n \n \n \n \n \n \n Partnership Highlights:\n \n \n \n \n \n Metso to provide testing and engineering equipment procurement and related services to develop and commercialize Avalon's\n \n Thunder Bay\n \n lithium processing facility.\n \n \n Create a testing laboratory for research and development on lithium and clean technology solutions.\n \n \n Avalon and Metso to cooperate on the recycling of used batteries and the refining of battery chemicals for recycle use.\n \n \n \n The expanded partnership agreement follows a memorandum of understanding from\n \n July 2023\n \n that enabled Metso and Avalon to develop an innovative, sustainable methodology to produce commercial lithium hydroxide from petalite mineral feeds.\n \n \n \"Avalon is proud to import world-leading innovation and processing technology solutions to help ensure that\n \n Canada\n \n leads the NetZero economy of the future. This agreement is the next step...