Avalon Announces the Results of its 2025 Annual and Special Meeting of Shareholders

February 28, 2025

TORONTO, ON – Avalon Advanced Materials Inc. (“Avalon” or the “Company“) (TSX: AVL and OTCQB: AVLNF), announces the results of its 2025 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 27, 2025 (the “Meeting”). At the Meeting, all seven director nominees listed in the Company’s information circular dated January 14, 2025 were elected as directors of the Company. The detailed results of the vote are as follows:

 

Director   Number of
Votes Cast		 Percentage of
Votes Cast
Alan Ferry For: 
Against:		 169,192,233
6,377,023		 96.368%
3.632%
Timothy Haig For:
Against:		 170,297,407
5,271,849		 96.997%
3.003%
Flavio Hees For:
Against:		 169,576,015
5,993,241		 96.586%
3.414%
Naomi Johnson For:
Against:		 169,160,074
6,409,183		 96.349%
3.651%
Alec Kodatsky For:
Against:		 169,217,718
6,351,538		 96.382%
3.618%
Scott Monteith For:
Against:		 168,379,929
7,189,327		 95.905%
4.095%
Harvey L. A. Yesno For:
Against:		 169,557,071
6,012,185		 96.576%
3.424%

 

At the Meeting, shareholders also re‐appointed Ernst & Young LLP as auditors of the Company and disinterested shareholders approved the issuance of common shares of the Company to SCR-Sibelco NV upon conversion of the amended and restated convertible debenture dated November 18, 2024, in accordance with its terms.

About Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. is an emerging Canadian manufacturing company focused on vertically integrating the Ontario lithium supply chain, by developing the Lake Superior Lithium Facility, Ontario’s first midstream lithium hydroxide processing facility in Thunder Bay, Ontario, a strategic link in bridging the lithium resources of northern Ontario with the downstream EV battery manufacturing base in southern Ontario and North America. The Company, through its joint venture with SCR-Sibelco NV, is currently developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the lithium focused Snowbank and Lilypad Projects. Avalon is also advancing its Nechalacho Rare Earths and Zirconium Project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors.

 

For questions or feedback, please email the Company at ir@avalonam.com or contact Ms. Rachel Naji, Investor Relations Manager at 416-364-4938.

 

Mark N.J. Ashcroft, P.Eng, is a seasoned professional in the mining, resource and finance sectors with a legacy as a sixth-generation miner, who first went underground at 12 years old. Beginning his career underground in Thompson, MB, he later earned an engineering degree and gained extensive experience across North and South America and Australia. He has held roles in mining operations, corporate development, and finance, including President and CEO of Stonegate Agricom, where he managed a pivotal $51.75 million IPO on the Toronto Stock Exchange. Currently, he is the CEO of Aurelius Minerals Inc., focusing on gold projects in Nova Scotia and Ontario.

Mark’s background includes investment banking and corporate finance positions in London, New York, and Toronto at firms like Barclays Capital, Standard Bank, Versant Partners, and Toll Cross Securities, dealing primarily with resource companies. He has served on various public mining and exploration boards, advising on governance and capital markets. Mark is a licensed Professional Engineer in Ontario, and holds a Bachelor of Engineering in Mining Engineering from Laurentian University and a Master of Science in Finance, Regulation, and Risk Management from the University of Reading..

Cindy Hu joined Avalon in 2007. Prior to joining the company, Ms. Hu was a senior manager with the accounting firm Andersen & Company Professional Corporation. She is a Chartered Professional Accountant with over 20 years of experience in public accounting practice and financial reporting, primarily for junior public companies and private wealth management portfolios.

MS. Hu earned her B.Com from Laurentian University in 1996.

Scott Monteith is an experienced CEO with a successful 30-year track record of moving clean and industrial technology from ideation to commercial success.  Mr. Monteith has extensive international experience in the areas of team building, biofuel refining, petrochemical refinery decarbonization, water treatment system manufacturing, research & development, strategic alliance formation, and government affairs.

 

Mr. Monteith holds a Bachelor of Business Administration from Toronto Metropolitan University and has been a member of the Young President’s Organization for over 20 years.