Business
Avalon Overhauls Leadership Team to Compete in Global Lithium Race
Toronto, Ontario--(Newsfile Corp. - June 12, 2023) - As part of its strategic transformation to b...
About this update from Avalon Advanced Materials Inc.
[{"type":"text","content":"Avalon Overhauls Leadership Team to Compete in Global Lithium RaceToronto, Ontario--(Newsfile Corp. - June 12, 2023) - As part of its strategic transformation to become a leading North American vertically integrated lithium producer, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (\"Avalon\" or the \"Company\") is pleased to announce the appointment of three veteran executives to its leadership team, a key milestone as the Company executes on an ambitious growth plan.Scott Monteith will assume control as interim Chief Executive OfficerJim Jaques will serve as the Company's inaugural Chief Administrative OfficerJan Holland will join the Board of Directors\"These appointments, and others to come, underscore the arrival of Avalon 2.0,\" Zeeshan Syed, Avalon President, said. \"The commitment of our new leadership team is clear: reorient the Company towards full vertical integration of the lithium production cycle, and help establish Ontario, and Canada more broadly, as a strategic fulcrum in North America's clean energy transition.\" All appointments are effective immediately, as the Company initiates a new growth phase consisting of transformational developments to be announced in the weeks and months ahead. Avalon also announces that, following a long and successful tenure with the Company, former President and CEO Donald Bubar has decided to step down from the board of directors. Avalon would like to thank him for his years of service.\"We're assembling a new execution-focused team of deeply experienced professionals aligned around transforming Avalon into a world-class lithium producer, and in turn, helping ensure the path to a clean energy future runs through Canada,\" Mr. Monteith said.New Strategic VisionAvalon Advanced Materials' new strategic goals are focused on both organic growth of its lithium portfolio, consisting of a suite of critical-mineral mining projects across Canada, as well as developing new related opportunities. The Company's mission is to vertically integrate lithium processing within Ontario, positioning the province as an integral part of the North American supply chain for electric vehicle (EV) batteries. In the weeks ahead, Mr. Monteith and the leadership team expect to implement key steps in their Phase 1 strategy, including: Advance production and capitalization for the Separation Rapids pro...