Avalon Advanced Materials Inc. · TSX:AVL
Avalon Advanced Materials — Investor Presentation (June 2025)
35 slides from Avalon Advanced Materials's investor presentation, June 2025
Slide 1: The Future of Canada's Critical Minerals
THE FUTURE OF CANADA’S CRITICAL MINERALS CORPORATE PRESENTATION JUNE 2025 TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 2: Cautionary Statement
Cautionary Statement FORWARD-LOOKING STATEMENT This presentation contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with that are not based on historical fact contained in t
Slide 3: Investment Highlights
AVALON Investment Highlights Proven Expertise Unique Diverse Portfolio High Demand Markets Leadership team with extensive • Nechalacho REE DFS (2013) Strategically positioned in and proven experience in the • Thunder Bay Facility PEA (2024) rapidly growing markets such mining, refining and advanced
Slide 4: Company Overview
AVALON Company Overview Nechalacho Project Aims to provide a stable supply of zirconium and Avalon Advanced Materials Inc. is an asset rare-earth minerals, supporting advanced technological management company dedicated to sourcing, industries while securing North American energy security. processing
Slide 5: Land Acknowledgement
AVALON Land Acknowledgement Avalon Advanced Materials Inc. acknowledges that our work takes place within the ancestral and traditional territories of First Nations, and Métis people. We respect Indigenous rights and are committed to deepening our existing relationships while forging new lasting ties
Slide 6: Projects Overview
AVALON Projects Overview Other Projects: Project 1: Project 2: Project 3: - East Kemptville Tin Nechalacho Project Lake Superior Lithium Inc. Separation Rapids Ltd. - Warren Township Anorthosite • Location: • Location: • Location: • East Kemptville Tin ⚬ Thor Lake, Northwest Territories ⚬ Thunder Ba
Slide 7: Asset Locations
AVALON Asset Locations Office Headquarters Toronto, ON Lake Superior Lithium Inc. Thunder Bay, ON Separation Rapids Ltd. Kenora, ON Nechalacho Project Thor Lake, NWT East Kemptville Yarmouth, NS Warren Township Project Timmins, ON TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 8: Nechalacho Project Overview
NECHALACHO PROJECT Project Overview • Located at Thor Lake, Northwest Territories • Avalon retains 100% ownership of resources below 150 metres (Basal Zone) • An unrelated third party owns resources above 150 metres (Upper Zone) • Supports industries including nuclear, defense, and communications se
Slide 9: Thor Lake and Regional Infrastructure
NECHALACHO PROJECT Thor Lake and Regional Infrastructure TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 10: Property Overview
NECHALACHO PROJECT Property Overview Nechalacho Lake Zone General Geology Crosscut Vertical Cross Section Looking West at 416200E TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 11: Mineral Resource Estimate as of August 15, 2013
NECHALACHO PROJECT Mineral Resource Estimate as of August 15, 2013 Category Tonnes TREO HREO HREO/ ZrO2 Nb2O5 Ta2O5 Zone (million) (%) (%) TREO (%) (%) (%) Measured Basal 12.56 1.71 0.38 22.50 3.20 0.405 0.0404 Indicated Basal 49.33 1.62 0.35 21.27 3.07 0.405 0.0398 Measured & Indicated Basal 61.90
Slide 12: 2013 Feasibility Study: Basal Zone
NECHALACHO PROJECT 2013 Feasibility Study: Basal Zone Project Overview: 20 Year Mine Life Optimization test work from 2013 to 2015: Mining Operations: • SGS Canada conducted continuous piloting and • Method: Underground drift and fill/long-hole stoping • Capacity: 2,000 tons per day (tpd), equivalen
Slide 13: Critical Rare Earths in Technology
NECHALACHO PROJECT Critical Rare Earths in Technology • A single US F-35 Lightning II fighter jet contains approximately 920lbs of rare earth elements • Electric vehicles (EVs) contain as much as 1kg of rare earth elements • A single 3MW wind turbine can contain up to 2 tons of rare earth permanent
Slide 14: Zirconium, Niobium, Tantalum Market Overview
NECHALACHO PROJECT Zirconium, Niobium, Tantalum Market Overview Zirconium (Zr) Niobium (Nb) Tantalum (Ta) • Current Market Size: • Current Market Size: • Current Market Size: ⚬ The global zirconium market size was ⚬ The global niobium market was ⚬ The global tantalum market was US $1.9 Billion in 20
Slide 15: Lake Superior Lithium Project Overview
LAKE SUPERIOR LITHIUM PROJECT Project Overview • 100% wholly owned subsidiary • Strategically located in proximity of feed sources • Site is perfectly positioned to optimize supply chain efficiency • Close to all main infrastructure • Partnership with Metso Corp. to leverage sustainable processing t
Slide 16: PEA Financials (CAD $)
LAKE SUPERIOR LITHIUM PROJECT PEA Financials (CAD $) $35,360 30 Year Base Case LiOH $/t LiOH (USD $26,000/t LiOH) $4.1B Operating Life After-Tax NPV @ 8% Discount $1,360 Spodumene conc. $/t 2.5 Year (USD $1,000/t Spodumene @ 6%) Payback Period 48% 30,000 tpa After-Tax IRR $1.3B Annual LiOH productio
Slide 17: The Phased Approach
LAKE SUPERIOR LITHIUM PROJECT The Phased Approach Office Building POTENTIAL EXPANSION Ce ll/Ca thode P roduction Ba tte ry Re cycling Fa cility Dock 11 17 11 PHASE 1 30k LiOH 2028 17 17 17 FROM 11 17 INTERNATIONAL MARKETS Thunder Bay PHASE 2 P rope rty Bounda ry 60k LiOH 2030 PHASE 3 TO EUROP EAN 60
Slide 18: Phase 1 Production
LAKE SUPERIOR LITHIUM PROJECT Phase 1 Production Production Capacity: • The facility is designed to produce 30,000 tons per annum (tpa) of battery-grade lithium hydroxide monohydrate (LHM) Compact and Energy-Efficient Design: • Metso’s advanced technologies will facilitate the development of a lithi
Slide 19: Infrastructure
LAKE SUPERIOR LITHIUM PROJECT Infrastructure Road Access: Fresh Water: • The site is within 4 km of the Trans-Canada Highway, allowing easy • Fresh water will be required for the process; a freshwater intake is transportation access envisioned from Lake Superior Rail Infrastructure: Analcime Storage
Slide 20: Avalon's Thunder Bay Lithium Processing Facility
LAKE SUPERIOR LITHIUM PROJECT 3D Rendering Video Avalon's Thunder Bay Lithium Processing Facility (youtube.com) TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 21: Project Cycle
LAKE SUPERIOR LITHIUM PROJECT Project Cycle Site Purchased PEA Completed Permitting Procurement Definitive Feasibility Study Production Construction TSX:AVL OTCQB:AVLNF FRA:OU5A
Slide 22: Solar Farm and Analcime
LAKE SUPERIOR LITHIUM PROJECT Solar Farm • Avalon plans to explore the feasibility of a solar farm on its industrial site • Non-productive and unusable industrial land within the landfill site and roof tops of processing facilities could be repurposed for use as a solar farm • The solar farm would h
Slide 23: Avalon & Metso Corp. Partnership
LAKE SUPERIOR LITHIUM PROJECT Avalon & Metso Corp. Partnership Avalon has entered a partnership with Metso Corp. to leverage their groundbreaking sustainable technologies. Overview: • Metso is a comprehensive solution provider for major lithium operations and backed by the latest technologies and de
Slide 24: Metso Lithium Hydroxide Processing
LAKE SUPERIOR LITHIUM PROJECT Metso Lithium Hydroxide Processing • Spodumene Feed: Alpha-Spodumene converted to Beta-Spodumene via calcination within a Kiln heating process • Lithium Carbonate Production: from Beta-Spodumene reaction with soda ash in Pressure Leaching • Lithium Hydroxide Production:
Slide 25: Avalon & Qualcomm Collaboration
LAKE SUPERIOR LITHIUM PROJECT Avalon & Qualcomm Collaboration Avalon Advanced Materials Inc. has signed a memorandum of understanding with Qualcomm Technologies Inc., focusing on enhancing Avalon’s Thunder Bay lithium processing facility through advanced digital solutions. Key Collaboration Highligh
Slide 26: Lithium Demand
LAKE SUPERIOR LITHIUM PROJECT Lithium Demand Lithium Demand By Application (Millions of Metrics Tons Per Annum of Lithium Carbonate Equivalent) 3.5 FUTURE DEMAND • EVs could drive 84% of lithium 3.0 demand by 2030 • EV sales to rise from 9% in 2021 to over 20% in 2025 2.5 Millions Mt LCE 2.0 SUPPLY
Slide 27: Separation Rapids Project Overview
SEPARATION RAPIDS LTD. Project Overview • Separation Rapids Ltd. (SRL) is a joint-venture between SCR-Sibelco NV 60% and Avalon 40% • The JV encompasses three sites in Ontario: ⚬ Kenora (comprising the Separation Rapids Project and the Snowbank target) ⚬ Fort Hope (Lilypad Project) About Sibelco Fou
Slide 28: Separation Rapids Overview
SEPARATION RAPIDS LTD. Separation Rapids Overview Overview: Tonnage Li2O Contained Li2O Description Classification • Separation Rapids Region 4,414 Hectares (Mt) (%) (t) Measured 4.33 1.28 55,282 Location: Indicated 6.41 1.27 81,147 • 70 kilometers north of Kenora, Ontario Open Pit Measured & Indica
Slide 29: Lilypad Project Snowbank Target
SEPARATION RAPIDS LTD. Lilypad Project Snowbank Target Overview: Overview: • The Lilypad Project consists of 14 claims, comprising 166 new • A lithium pegmatite occurring primarily in the ore mineral petalite claim units or cells, totaling slightly over 3,299 hectares (8,152 acres) Location: • Kenor
Slide 30: East Kemptville Tin Project, Warren Township Anorthosite Project
OTHER PROJECTS East Kemptville Tin Project Overview: • Ownership: 100% owned • Property Size: One contiguous exploration license: over 2,880 acres (1,166 hectares) Location: • Approximately 45 km northeast of Yarmouth, Nova Scotia • Vicinity of the former East Kemptville Tin Mine Stage: • Exploring
Slide 31: Key Milestones
AVALON OVERVIEW Key Milestones • Avalon unveils third-party • Avalon Adopts Shareholder 2024 2025 • PEA for Lake Superior Lithium economic and labour study for Rights Plan Project commenced its Thunder Bay Facility • Explore and potentially • Announced results of • MOU with Qualcomm secure new strat
Slide 32: Management & Consultant Team
AVALON OVERVIEW Management & Consultant Team Scott Monteith, President & CEO Scott Monteith, CEO of Avalon since May 2023, is an experienced entrepreneur and founder of Monteco Ltd. Jim Andersen, CFO Zeeshan Syed, VP, External Affairs & Partnerships Mr. Andersen, a CPA with 30 years in mining, joine
Slide 33: Board of Directors
AVALON OVERVIEW Board of Directors Alan Ferry, Chair Mr. Ferry, with 28 years in mining finance, is Avalon's director since 2000, and chairs the Audit Committee. Scott Monteith, CEO, Director Timothy Haig, Director A successful entrepreneur in renewable fuels and cleantech, Scott Monteith, CEO of Av
Slide 34: Capital Structure
AVALON OVERVIEW Capital Structure Description Value ( CAD) OWNERSHIP STRUCTURE Ticker Symbol TSX: AVL 52 Week High/Low $0.10/0.020 Common Shares Outstanding 614.9M RSU & DSU 4.7M Stock options 21.7M Warrants 36.8M Convertible Note Payable (Lind) 70.1M Fully Diluted Shares 748.3M Market Cap. 18.4M As
Slide 35: Thank You
Thank You Contact Information Avalon Advanced Materials Inc. 130 Adelaide St. W, Suite 2060 Toronto, ON M5H 3P5 Tel: (416) 364-4938 ir@avalonam.com www.avalonadvancedmaterials.com TSX:AVL OTCQB:AVLNF FRA:OU5A
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