Avalon Advanced Materials Inc. (T:AVL)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 130 Adelaide St W Suite 1901 TORONTO ON M5H 3P5 |
| Tel: | N/A |
| Website: | avalonadvancedmaterials.com |
| IR: | See website |
| Key People | ||
| Donald S. Bubar President, Chief Executive Officer, Director | Robert James Andersen Chief Financial Officer, Vice President - Finance, Corporate Secretary | David Marsh Senior Vice President - Metallurgy and Technology Development |
| William Mercer Vice President - Exploration | Mark Wiseman Vice President - Sustainability | Cindy Hu Controller |
| Business Overview |
| Avalon Advanced Materials Inc. is a Canada-based mineral development company. The Company is principally engaged in the acquisition, exploration, evaluation and development of specialty metal and mineral properties, located principally in Canada. The Company's projects include East Kemptville Tin-Indium, Lilypad Cesium-Tantalum Nechalacho Rare Earth Elements (REE) Separation Rapids Lithium and Warren Township Anorthosite. Its East Kemptville Tin-Indium Project is located approximately 45 kilometers (km) northeast of Yarmouth, Nova Scotia. Its Lilypad Cesium-Tantalum Property consists of approximately 14 claims totaling 3,108 ha covering a field of cesium, tantalum and lithium-rich granitic pegmatites. The Nechalacho Rare Earth Elements Property, located at Thor Lake, Northwest Territories. The Warren Township Anorthosite Project is a specialty industrial minerals development opportunity located approximately 100 km west of Timmins, Ontario in the Porcupine Mining Division. |
| Financial Overview |
| For the three months ended 30 November 2022, Avalon Advanced Materials Inc revenues was not reported. Net loss decreased 48% to C$355K. Lower net loss reflects Increase in fair value of derivative increase from C$76K to C$341K (income), Salaries and benefits decrease of 12% to C$276K (expense), Share based compensation decrease of 25% to C$110K (expense). |
| Employees: | 5 as of Aug 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $68.09M as of Nov 30, 2022 |
| Annual revenue (TTM): | $0.00M as of Nov 30, 2022 |
| EBITDA (TTM): | -$2.88M as of Nov 30, 2022 |
| Net annual income (TTM): | -$3.62M as of Nov 30, 2022 |
| Free cash flow (TTM): | -$3.89M as of Nov 30, 2022 |
| Net Debt Last Fiscal Year: | $1.59M as of Nov 30, 2022 |
| Shares outstanding: | 429,431,339 as of Dec 30, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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