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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
Tel: N/A
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
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