Avalon Advanced Materials Inc. (T:AVL)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 130 Adelaide St W Suite 1901 TORONTO ON M5H 3P5 |
| Tel: | N/A |
| Website: | https://avalonadvancedmaterials.com |
| IR: | See website |
| Key People | ||
| Scott Monteith Chief Executive Officer | Jim Jaques Chief Administrative Officer | William Mercer Vice President - Exploration | Zeeshan Syed Vice President - External Affairs |
| Business Overview |
| Avalon Advanced Materials Inc. is a Canada-based mineral development company, which is focused on vertically integrating the Ontario lithium supply chain. The Company's projects include East Kemptville Tin, Lilypad Cesium, Nechalacho Rare Earth Elements (REE), Separation Rapids Lithium and Warren Township Feldspar. The East Kemptville Tin-Indium Project is located approximately 45 kilometers (km) northeast of Yarmouth, Nova Scotia. The Lilypad Cesium-Tantalum Property consists of 14 claims totaling 3,108 hectares covering a field of cesium, tantalum and lithium-rich granitic pegmatites. The Nechalacho REE Property is located at Thor Lake, Northwest Territories. The Warren Township Anorthosite Project is an advanced specialty industrial minerals development opportunity located 100 km west of Timmins, Ontario in the Porcupine Mining Division. The property is located near road and rail infrastructure and is close to markets in southern Ontario and the northeastern United States. |
| Financial Overview |
| For the six months ended 29 February 2024, Avalon Advanced Materials Inc revenues was not reported. Net income totaled C$2.5M vs. loss of C$1.1M. Net income reflects Office, insurance and other expenses decrease of 13% to C$520K (expense), Interest on lease obligation decrease of 40% to C$7K (expense), Impairment loss on exploration and evalu decrease from C$3K (expense) to C$0K. |
| Employees: | 5 as of Aug 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $42.90M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.00M as of Feb 29, 2024 |
| EBITDA (TTM): | -$5.21M as of Feb 29, 2024 |
| Net annual income (TTM): | $0.34M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$13.09M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $3.30M as of Feb 29, 2024 |
| Shares outstanding: | 564,837,074 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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