Avalon Advanced Materials CEO Scott Monteith joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s expanding lithium and rare earth portfolio and its strategy to scale critical mineral assets across Canada.
Monteith, who joined the company two and a half years ago to help scale its resource base, outlined Avalon Advanced Materials Inc’s three core platforms. The company holds lithium resources near Kenora, Ontario, and the Nechalacho rare earth elements project in the Northwest Territories. He explained that Avalon Advanced Materials Inc has adopted a joint venture model to advance its projects, including Separation Rapids in Kenora, where a Belgian partner holds a majority stake and is responsible for financing, scaling and operating the asset.
In Thunder Bay, the company is progressing plans for a lithium hydroxide refinery under its Lake Superior Lithium platform. Monteith said the refinery will use a meso-based alkaline process designed to produce lithium hydroxide or carbonate without acidic tailings. The company is currently raising a capital stack for the first module, representing a planned US$1.3 billion investment.
At Nechalacho, Avalon Advanced Materials Inc is advancing what Monteith described as “the most significant, rare earth deposit globally,” supported by prior feasibility work and existing infrastructure. The company recently raised $18.5 million to fund drilling, updated studies and office expansions in Yellowknife and Thunder Bay.
Monteith emphasised strong engagement with government stakeholders, noting growing interest in securing North American supply chains for critical minerals tied to electrification and defence.
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