Avalon focuses on lithium-ion battery materials, primarily extracting petalite lithium ore at its Separation Rapids Lithium Project to produce lithium hydroxide, a key compound for lithium-ion batteries. It operates Ontario’s first lithium hydroxide processing facility through subsidiary Lake Superior Lithium Inc., using innovative, sustainable processing methods. The company also works with Metso Corporation to implement advanced, eco-friendly processing technologies, and it develops rare earth elements and zirconium for battery and industrial applications.
Avalon’s main products include lithium hydroxide derived from petalite, essential for high-performance lithium-ion batteries. Key projects producing these materials include the Separation Rapids Lithium Project and the Lake Superior Lithium hydroxide processing facility. The company also develops rare earth elements and zirconium products for battery technologies and industrial uses.
Recent projects include the 2024 Preliminary Economic Assessment of a Thunder Bay lithium processing facility with a net present value of C$4.1 billion and an IRR of 48%. Avalon entered a strategic collaboration with Qualcomm in 2024 to develop digital infrastructure for mining operations, enhancing efficiency and sustainability. The company also secured $3.5 million financing from joint venture partner SCR-Sibelco NV for lithium project development.
SCR-Sibelco NV is Avalon’s largest shareholder with approximately 29.0% ownership. Avalon has also received funding from The Lind Partners, an institutional fund manager based in New York, and maintains strategic collaborations with Metso Corporation to support growth and operational scaling.
