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Avalon Closes $2,750,000 First Drawdown of $15,000,000 Convertible Security Funding Agreement

Avalon Closes $2,750,000 First Drawdown of $15,000,000 Convertible Security Funding Agreement

Avalon 完成了首次提款 2,750,000 美元的 15,000,000 美元可转换证券融资协议
newsfile ·  03/28 05:34

Toronto, Ontario--(Newsfile Corp. - March 27, 2024) - Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has closed the $2,750,000 first drawdown of its up to $15,000,000 convertible security funding agreement (the "Funding Agreement") with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager (together "Lind"). The details of the Funding Agreement are contained in the Company's news release dated March 18, 2024.

安大略省多伦多--(Newsfile Corp.,2024年3月27日)——阿瓦隆先进材料公司(多伦多证券交易所股票代码:AVL)(场外交易代码:AVLNF)(“阿瓦隆” 或 “公司”)欣然宣布,它已经完成了与实体Lind Global Fund II, LP签订的最高达1500万美元的可转换证券融资协议(“融资协议”)中275万美元的首次提款由总部位于纽约的机构基金经理The Lind Partners管理(统称为 “Lind”)。融资协议的细节包含在公司2024年3月18日的新闻稿中。

With the first drawdown completed, the Company has initiated steps to commence a Preliminary Economic Assessment ("PEA") for its lithium hydroxide conversion facility in Thunder Bay, Ontario (the "Project"). The Project will be owned and operated by Avalon's wholly owned subsidiary, Lake Superior Lithium Inc.. The PEA will consider feed sourcing of high-grade lithium concentrates from various sources, and will feature the world-leading and environmentally friendly Metso lithium conversion technology, currently being deployed within similar projects in the U.S., the U.K. and Finland. The PEA will include lithium concentrate and reagent receiving/storage, processing and site infrastructure as well as shipping/handling of product and byproduct off site.

随着首次缩编的完成,该公司已开始采取措施,开始对其位于安大略省桑德贝的氢氧化锂转化设施(“项目”)进行初步经济评估(“PEA”)。该项目将由阿瓦隆的全资子公司苏必利尔湖锂业公司拥有和运营。PEA将考虑从各种来源采购高品位锂浓缩物的饲料,并将采用世界领先且环保的美卓锂转换技术,该技术目前正在美国、英国和芬兰的类似项目中部署。PEA将包括锂浓缩物和试剂的接收/存储、加工和场地基础设施,以及产品和副产品的异地运输/处理。

This news release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) absent registration or an applicable exemption from registration. All currency reported in this release is in Canadian dollars.

本新闻稿不是在美国出售证券的要约。这些证券过去和将来都没有根据经修订的1933年《美国证券法》(“美国证券法”)进行注册,未经注册或没有适用的注册豁免,不得在美国或向美国个人(定义见美国证券法第S条)发行或出售。本新闻稿中报告的所有货币均以加元为单位。

About The Lind Partners

关于 Lind Partners

The Lind Partners manages institutional funds that are leaders in providing growth capital to small- and mid-cap companies publicly traded in the US, Canada, Australia and the UK. Lind's multi-strategy funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity placements and selectively buy on market. Having completed more than 200 direct investments totaling over US$2 billion in transaction value, Lind's funds have been flexible and supportive capital partners to investee companies since 2011.

Lind Partners管理的机构基金在向在美国、加拿大、澳大利亚和英国上市的中小型企业提供成长资本方面处于领先地位。林德的多策略基金直接投资从100万美元到3000万美元不等,投资于银团股票配售,并有选择地在市场上买入。自2011年以来,林德的基金已经完成了200多项直接投资,总交易额超过20亿美元,一直是被投资公司的灵活和支持性资本合作伙伴。

About Avalon Advanced Materials Inc.

关于阿瓦隆先进材料公司

Avalon Advanced Materials Inc. is a Canadian advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. The Company, through its joint venture with SCR-Sibelco NV, is currently developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the Snowbank lithium and Lilypad lithium-caesium projects. Avalon is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors.

Avalon Advanced Materials Inc. 是一家加拿大先进制造公司,专注于垂直整合安大略省锂供应链。该公司目前正在通过与SCR-Sibelco NV的合资企业,在安大略省凯诺拉附近开发其分离拉皮兹锂矿床,同时还继续推进Snowbank锂和Lilypad锂铯项目。阿瓦隆还在努力开发其位于西北地区的Nechalacho稀土和锆项目。该矿床含有关键矿物,用于通信和国防工业等领域的先进技术。

In addition to these upstream activities, Avalon is executing on a key initiative to develop Ontario's first midstream lithium hydroxide processing facility in Thunder Bay, ON, a vital link bridging the lithium resources of the north with the downstream EV battery manufacturing base in the south.

除了这些上游活动外,Avalon正在执行一项关键计划,即在安大略省桑德贝开发安大略省的第一个中游氢氧化锂加工设施,这是连接北部锂资源与南部下游电动汽车电池制造基地的重要纽带。

For more information and media inquiries, contact Zeeshan Syed, President, Avalon Advanced Materials Inc., at 416-364-4938 or IR@AvalonAM.com.

欲了解更多信息和媒体垂询,请致电 416-364-4938 与 Avalon Advanced Materials Inc. 总裁 Zeeshan Syed 联系,或 IR@AvalonAM.com

Forward-Looking Information

前瞻性信息

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to statements related to how the Company plans to use the net proceeds from the funding, the initiation and the content of the PEA, and completion of the Company's business objectives, and the timing, costs, and benefits thereof. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "add" or "additional", "advancing", "anticipates" or "does not anticipate", "appears", "believes", "can be", "conceptual", "confidence", "continue", "convert" or "conversion", "deliver", "demonstrating", "estimates", "encouraging", "expand" or "expanding" or "expansion", "expect" or "expectations", "forecasts", "forward", "goal", "improves", "increase", "intends", "justification", "plans", "potential" or "potentially", "promise", "prospective", "prioritize", "reflects", "robust", "scheduled", "suggesting", "support", "top-tier", "updating", "upside", "will be" or "will consider", "work towards", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks associated with mineral exploration and development operations such as: environmental hazards and economic factors as they affect the cost and success of the Company's capital expenditures, the ability of the Company to obtain required permits and approvals, the ability of the Company to obtain financing, uncertainty in the estimation of mineral resources, uncertainty with respect to the ability to successfully construct and develop the Company's lithium processing facility, the price of lithium, no operating history, no operating revenue and negative cash flow, land title risk, the market price of the Company's securities, the economic feasibility of the Company's mineral resources and the Company's commercial viability, inflation and uncertain global economic conditions, uncertain geo-political shifts and risks, successful collaboration with indigenous communities, changes in technology and advancements in innovation may impact the development of the Company's technology innovation centre and its lithium hydroxide processing facility, future pandemics and other health crises, dependence on management and other highly skilled personnel, title to the Company's mineral properties, the ongoing war in Ukraine and Israel, extensive government and environmental regulation, reliance on artificial intelligence technology to influence mining operations, volatility in the financial markets, uninsured risks, climate change, threat of legal proceedings, as well as those risk factors discussed or referred to in the annual information form of the Company dated November 28, 2023 (the "AIF") under the heading "Description of the Business - Risk Factors". Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions identified in the AIF, assumptions have been made regarding, among other things: management of certain of the Company's assets by other companies or joint venture partners, the Company's ability to carry on its exploration and development activities without undue delays or unbudgeted costs, the ability of the Company to obtain sufficient qualified personnel, equipment and services in a timely and cost effective manner, the ability of the Company to operate in a safe, efficient and effective manner, the ability of the Company to obtain all necessary financing on acceptable terms and when needed, the accuracy of the Company's resource estimates and geological, operational and price assumptions on which these are based and the continuance of the regulatory framework regarding environmental manners. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that may have been used. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

本新闻稿包含适用的加拿大证券立法所指的 “前瞻性信息”。前瞻性信息包括但不限于与公司计划如何使用融资净收益、PEA的启动和内容、公司业务目标的完成以及相关时机、成本和收益相关的陈述。通常,前瞻性信息可以通过使用前瞻性术语来识别,例如 “增加” 或 “额外”、“提前”、“预期” 或 “不预期”、“出现”、“相信”、“可以”、“概念”、“信心”、“继续”、“转换” 或 “转换”、“交付”、“演示”、“估计”、“鼓励”、“扩展” 或 “扩大” 或 “扩大” 或 “扩张”、“预期” 或 “预期”、“预测”、“向前”、“目标”、“改善”、“增加”、“打算”、“理由”、“计划”、“潜在” 或 “潜在”、“承诺”、“前景”、“优先考虑”,“反映”、“稳健”、“计划”、“建议”、“支持”、“顶级”、“更新”、“上行空间”、“将” 或 “将考虑”、“努力实现” 或此类词语和短语的变体,或声明某些行动、事件或结果 “可能”、“将”、“可能” 或 “将被采取”、“发生” 或 “实现””。前瞻性信息受已知和未知风险、不确定性和其他因素的影响,这些因素可能导致公司的实际业绩、活动水平、业绩或成就与此类前瞻性信息所表达或暗示的结果存在重大差异,包括与矿产勘探和开发业务相关的风险,例如:影响公司资本支出成本和成功的环境危害和经济因素,公司获得所需许可和批准的能力,公司获得融资的能力,矿产资源估算的不确定性,成功建造和开发公司锂加工设施能力的不确定性,锂的价格,没有运营历史,没有营业收入和负现金流,土地所有权风险,公司证券的市场价格,公司矿产资源的经济可行性和公司的商业可行性,通货膨胀和不确定的全球经济状况,不确定的地缘政治转变和风险,与土著社区的成功合作、技术的变化和创新的进步可能会影响公司技术创新中心及其氢氧化锂加工设施的发展、未来的疫情和其他健康危机、对管理层和其他高技能人员的依赖、公司矿产所有权、乌克兰和以色列的持续战争、广泛的政府和环境监管、依赖人工智能技术影响采矿业务、金融波动市场、未投保风险、气候变化、法律诉讼威胁,以及公司2023年11月28日年度信息表(“AIF”)中在 “业务描述——风险因素” 标题下讨论或提及的风险因素。前瞻性信息基于管理层根据其经验和对趋势、当前状况和预期发展的看法,以及管理层认为在发表此类陈述之日的情况中具有相关性和合理性但可能被证明不正确的其他因素做出的合理假设、估计、分析和观点。尽管公司认为此类前瞻性信息中反映的假设和预期是合理的,但不应过分依赖前瞻性信息,因为公司无法保证此类预期会被证明是正确的。除了AIF中确定的其他因素和假设外,还对以下方面做出了假设:其他公司或合资伙伴对公司某些资产的管理、公司在没有不当延误或没有预算成本的情况下进行勘探和开发活动的能力、公司及时获得足够且具有成本效益的合格人员、设备和服务的能力、公司安全、高效地运营的能力有效的方式,能力公司将以可接受的条件获得所有必要的融资,并在需要时确保公司资源估算以及这些估算所依据的地质、运营和价格假设的准确性,以及有关环境礼仪的监管框架的延续。请读者注意,上述清单并未详尽列出可能使用的所有因素和假设。尽管公司试图确定可能导致实际业绩与前瞻性信息中包含的业绩存在重大差异的重要因素,但可能还有其他因素导致业绩不如预期、估计或预期。无法保证此类信息会被证明是准确的,因为实际结果和未来事件可能与此类信息中的预期存在重大差异。因此,读者不应过分依赖前瞻性信息。除非根据适用的证券法,否则公司不承诺更新任何前瞻性信息。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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