TORONTO, Sept. 22, 2022 /CNW/ – Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) (“Avalon” or the “Company”) “) is pleased to announce that it has signed a non-binding memorandum of understanding (the “MOU”) with LG Energy Solution (LGES; KRX: 373220) to supply LGES with a battery-grade lithium hydroxide starting in 2025.

Avalon plans to establish a regional lithium battery materials supply chain in Ontario to serve the needs of future electric vehicle and lithium-ion battery manufacturers in southern Ontario and elsewhere.

The MOU was signed during the visit of South Korea’s President, Yoon Suk … Continue Reading