Don Bubar, President & CEO Of Avalon Advanced Metals (AVL:TSX), discusses the company’s large resource and future in the expanding lithium market.
Avalon is a diversified specialty metals and minerals company with a focus on lithium, indium, gallium and germanium and tin. All three of our projects are advanced projects where we have defined resources in the ground where we’re at the feasibility study stage.
Recently we’ve seen a big new demand for lithium being created by its expanding use in the lithium ion batteries and we’re well positioned to serve that having an advanced lithium project that we have had in our portfolio since 1997.
One of the advantages we have with our resource at separation rapids in Ontario is the lithium mineral there has no impurities in it so this gives us the opportunity to produce a high purity lithium chemical product derived from that with relatively few impurity removal steps and therefore at a lower cost.
We have 10 million tons of resources in all categories and there’s plenty of room for expansion and that’s a good large resource to get started on.
The opportunity we present now is for investors to discover what we’re doing in that sector and the potential that we offer to serve this rapidly growing market in energy storage and lithium ion batteries.