Toronto, Ontario--(Newsfile Corp. - October 19, 2023) - Consistent with its strategic objective to build Ontario's first vertically integrated lithium supply chain serving the North American EV battery market, Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") has entered into an expanded partnership agreement with Metso Corporation ("Metso") to advance the construction of a full-service lithium processing facility in Thunder Bay, Ontario. The parties have also agreed to co-develop a Technology & Innovation Centre to be located on-site in Thunder Bay, accelerating an Industrial Park concept that will co-locate key supply chain partners.

Partnership Highlights:

Metso to provide testing and engineering equipment procurement and related services to develop and commercialize Avalon's Thunder Bay lithium processing facility.
Create a testing laboratory for research and development on lithium and clean technology solutions.
Avalon and Metso to cooperate on the recycling of used batteries and the refining of battery chemicals for recycle use. see & read more on
https://www.newsfilecorp.com/release/184489/Avalon-Expands-Partnership-Agreement-with-Metso-of-Finland-for-Its-Lithium-Processing-Facility-and-New-Technology-and-Innovation-Centre-in-Ontario