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. Its projects include Separation Rapids Lithium Project, East Kemptville Tin-Indium Project, Warren Township Anorthosite Project, Lilypad Cesium-Tantalum Property and Nechalacho Rare Earth Elements Project. It also approximately 2.0% net smelter returns (NSR) interest in certain claims of the East Cedartree Gold Property located near Kenora, Ontario. Its Separation Rapids Lithium Project is located approximately 70 kilometers (km) by road north of Kenora, Ontario. The property consists of over 17 mineral claims and one mining lease covering a combined area of approximately 3,910 hectares in the Paterson Lake Area, Kenora Mining Division. Its Kemptville Tin-Indium Project is located approximately 45 km northeast of Yarmouth, Nova Scotia, Canada. |
| Financial Overview |
| For the nine months ended 31 May 2022, Avalon Advanced Materials Inc revenues decreased from C$5K to C$0K. Net loss decreased 29% to C$3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Increase in fair value of derivative decrease of 26% to C$881K (expense), Consulting and professional fees decrease of 21% to C$241K (expense). |
| Employees: | 7 as of Aug 31, 2021 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $56.93M as of May 31, 2022 |
| Annual revenue (TTM): | $0.00M as of May 31, 2022 |
| EBITDA (TTM): | -$1.29M as of May 31, 2022 |
| Net annual income (TTM): | -$2.55M as of May 31, 2022 |
| Free cash flow (TTM): | -$3.11M as of May 31, 2022 |
| Net Debt Last Fiscal Year: | $1.09M as of May 31, 2022 |
| Shares outstanding: | 406,948,106 as of Sep 7, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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