LAKE SUPERIOR LITHIUM INC

LSLi Logo Primary White

Highlights of 2024 PEA

AVALON Brand Identity SUBMARK colour e1713468930971 Completed by DRA Americas Inc.
AVALON Brand Identity SUBMARK colour e1713468930971 Robust Project Economics
AVALON Brand Identity SUBMARK colour e1713468930971 Indicates a strong financial case to procced to the next phase of the project: a feasibility study
AVALON Brand Identity SUBMARK colour e1713468930971 Sustainably produced lithium: through the Metso technology
After-Tax NPV (8%)
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Overview

Building Ontario's 1st Lithium Hydroxide Processing Facility – Fueling Tomorrow's Green Economy

Ownership:

Lake Superior Lithium Inc. (LSLi) is a 100% wholly owned subsidiary of Avalon Advanced Materials Inc.

Location:

The project is located in the City of Thunder Bay, Ontario, offering strategic access to North American transportation networks, skilled labor, and established industrial infrastructure. Situated on fully zoned, serviced industrial land, LSLi benefits from existing infrastructure that reduces development costs and timelines. Its proximity to rail and a deep-water port enables efficient access to both domestic and international markets.

Stage:

A Preliminary Economic Assessment (PEA) has been completed. The company is also evaluating the potential for an on-site solar farm to support clean energy operations.

Key Project Highlights:

The facility’s flexible feedstock strategy allows for processing multiple lithium concentrate types, reducing supply chain risk. 

Avalon is committed to meaningful partnerships with First Nations communities, built on mutual respect and long-term collaboration. Sustainability is embedded in every stage of the project.

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Objectives

Develop a Technology & Innovation Centre (TIC)

The TIC will foster technological collaboration, innovation and introduce novel IP.

Create an ESG-Leading, AI-Driven Project

The Industrial site can scale to host processing, recycling, chemical, and cell manufacturing capabilities.

Build an Integrated Lithium Platform

Accepting lithium concentrates from multiple producers and creating an Industrial Park in Ontario.

Strategic Investment Overview

AVALON Brand Identity SUBMARK colour e1713468930971  Strategic Location: Proximity to key markets and resources, supporting efficient supply chains.

AVALON Brand Identity SUBMARK colour e1713468930971  Infrastructure Advantage: Robust infrastructure, including existing buildings, extensive rail connectivity, and a deep-water port.

AVALON Brand Identity SUBMARK colour e1713468930971  Supporting Government Incentives: Leverage Canadian, and U.S. government incentives for green energy and technology projects.

AVALON Brand Identity SUBMARK colour e1713468930971  Meeting High Demand: The facility will help meet the escalating demand for lithium in EVs and renewable energy storage.

AVALON Brand Identity SUBMARK colour e1713468930971 Scalable Growth Potential: Capable of processing Spodumene and Petalite concentrate, Facility designed with scalability in mind, capable of expanding to meet future market demands.

AVALON Brand Identity SUBMARK colour e1713468930971 Sustainability Commitment: Implement environmentally friendly processes to minimize ecological impact and support sustainability goals.

AVALON Brand Identity SUBMARK colour e1713468930971 Integrated Lithium Platform: Host processing, recycling, chemical, and cell manufacturing capabilities at the Thunder Bay site.

Watch this video to explore our strategic site in Thunder Bay, Ontario. 

Access to Southern Ontario, U.S., and International Markets

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This visual demonstrates the trade connectivity from the Lake Superior Lithium Project to U.S. and international markets—enabling a reliable supply of lithium for the expanding EV market.

Partnerships

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Metso Corporation:

Avalon has partnered with Metso Corporation to incorporate state-of-the-art processing technologies at the Thunder Bay facility. Metso’s proprietary alkaline leaching process enables a direct and sustainable conversion of spodumene concentrate to battery-grade lithium hydroxide. Unlike traditional methods, this process is completely acid- and sulfate-free, aligning with Avalon’s goal of minimizing environmental impact while optimizing efficiency. With Metso’s global leadership in mineral processing and Avalon’s commitment to clean energy solutions, the facility is poised to become Canada’s first commercial lithium processing operation of its kind.

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PEA
Avalon Completes PEA for its Lithium Hydroxide Processing Facility
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Discover the key highlights of Avalon’s recently completed Preliminary Economic Assessment (PEA) for the Lake Superior Lithium Project in Thunder Bay, Ontario.

Press Releases
Stay Informed: Latest News and Updates
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Explore Avalon's recent news and announcements.

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Benefits of the Lake Superior Lithium Project

Strategic Location

Located between northern Ontario’s lithium deposits and southern EV battery plants. The location leverages numerous site advantages, optimizing logistics and access to key markets.

Sustainability

We value environmental stewardship, recognizing our responsibility to future generations. Our facility is designed to minimize its carbon footprint and have a minimal impact on the surrounding ecosystem.

Community Partnerships

We prioritize partnerships with First Nations communities, ensuring that benefits are extended to all regional communities. We believe in empowering the community to power a brighter, cleaner tomorrow.

LSLi Logo Primary White

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 was appointed CEO of Avalon in May 2023. He is an entrepreneur and business owner with a successful track record of moving inventions from ideation to commercial success. He graduated with a Bachelor of Business Management from Toronto Metropolitan University and is part of the Young Presidents’ Organization in Ontario with Harvard Business School. 

Mr. Monteith is currently the Chairman of Monteco Ltd., Cable House Capital Ltd. and Imtex Membranes Corporation.

Mr. Monteith has extensive experience in the areas of marketing, manufacturing, technology transfer, technology licensing, new product development, patent management, corporate development, international business, M&A, investing, government affairs, Board Governance and strategic planning. An intuitive individual, he possesses strong communications, team building and management skills.

Mr. Monteith is the founder of Monteco Ltd. and has served as its President and CEO since 1995. Since its inception, Monteco has launched a successful portfolio of companies that include Biox, Imbrium Systems, Green Turtle, Filamat Composites, Imtex Membranes and Optomem Sensors.