Avalon Completes Preliminary Economic Assessment (PEA) for its Lithium Hydroxide Processing Facility Project in Thunder Bay.

Avalon Advanced Materials is pleased to announce the completion of a Preliminary Economic Assessment (PEA) for its Lithium Hydroxide Processing Facility project in Thunder Bay, Ontario, Canada. The PEA prepared by DRA Americas demonstrates the Project’s compelling economic viability. 

The PEA considers a design capacity for the annual production of 30,000 tonnes of battery-grade lithium hydroxide (LiOH). 

Key Highlights include:  

• Initial Capital Cost $1.2 billion and Total Capital Cost $1.3 billion 
• Innovative Metso Technology provides an environmentally clean process over conventional lithium hydroxide processes 
• Strategically located in historical industrial land with well-established infrastructure

Avalon’s CEO and Director Scott Monteith commented “We are extremely pleased with the positive outcomes of the PEA and will be advancing the project with a strong focus on environmental sustainability. The strategic location of the Lithium Processing Facility on a brownfield industrial property, positions us exceptionally well for permitting with existing infrastructure such as roads, rail, ports, and utilities, supported by a strong local workforce. These results reaffirm our view of the project's robustness and substantial economic potential for the company, province and the country. The Project is poised to provide high quality, battery-grade lithium hydroxide to supply Canada’s projected demand from the rapidly growing EV industry.”

Read the full press release here.