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Jan 12, 2022

   

Industry News

Lithium explorer trolling for new partner to build Thunder Bay processing plant

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Avalon Advanced Materials “close” to introducing new development collaborator for chemical refinery

Avalon Advanced Materials, the holder of a lithium deposit near Kenora, is scoping out a new development partner to build a Thunder Bay chemical processing plant.

More than a year after Avalon signed a letter of intent with Rock Tech Lithium, another junior exploration player in the region, to collaborate on establishing a refinery in the northwestern Ontario city, the companies now seem to be following divergent paths to production.

Rock Tech recently announced plans that it’s going it alone — for now ― in raising US$31.5 million to build its own lithium processing plant in Europe, sending all of the material to be mined from its Georgia Lake project, near Beardmore, straight to Germany.

Read the full article from Northern Ontario Business HERE.