Avalon Appoints Two New Board Directors To Help Accelerate Its Critical Minerals Strategy

11 September 2023

TORONTO, ON – Consistent with its strategic transformation into a leading Canadian critical minerals producer serving the North American market, Avalon Advanced Materials Inc. (TSX: AVL and OTCQB: AVLNF) (“Avalon” or the “Company”) is pleased to announce the addition of two new directors who bring extensive expertise in international capital markets and resource development.

  • Alec Kodatsky, Founding Partner, Forthlane Partners, Ltd., and former Brendon-Woods “Top Gun” metals and mining equity analyst and a mining engineer, joins Avalon as a member of its Board of Directors (the “Board”).
  • Benny Loix, Vice President – Commercial North America, at SCR Sibelco NV (“Sibelco”) joins Avalon as Sibelco’s nominee to the Board.

These appointments will further support a new growth phase at Avalon, consisting of bringing the Company’s portfolio of critical minerals assets into production, as well as building a vertically integrated lithium supply chain in Ontario.

“Mr. Kodatsky and Mr. Loix represent significant additions to Avalon’s Board of Directors, deepening our expertise and capabilities with respect to executing on the Company’s aggressive growth agenda,” said Alan Ferry, Lead Director, Avalon. “We look forward to their help in furthering our strategic objectives, which include building a midstream lithium processing facility in Ontario that can efficiently, securely and sustainably see the province’s lithium supply the North American EV battery market.”