In July 2023, Avalon announced it is teaming up with Finnish mining tech group Metso to build what would be the first battery-grade lithium facility in the province. Under the partnership, the company would be able to license Metso’s technologies to produce lithium hydroxide cathode materials for the global EV market.
A month prior to the announcement, Avalon finalized the purchase of a 383-acre industrial property with unique access to a deep-water port, rail, road and other critical infrastructure to house the lithium processing facility.
“We are very pleased to continue our long-term relationship with Avalon, dating back to our first investment together in 2017, by making this new investment to support Avalon’s processing facility in Thunder Bay,” Phillip Valliere, managing director at the Lind Partners, said.
“We are optimistic of their Thunder Bay strategy and believe that Avalon has a unique opportunity to become…
