Avalon Advanced Materials Inc (AVL) Financings
TSX: AVL · Lithium, REE, Zirconium · Development stage
- Market cap$25.6M
- Share price$5.50
- 52-week range$4.52 – $16.20
- Shares outstanding4,646,363
- ExchangeTSX
- Websitewww.avalonadvancedmaterials.com
Avalon Advanced Materials Inc. is a Canadian critical minerals company focused on advancing lithium and rare earth elements-two of the fastest-growing segments of the global energy transition. The Company is developing strategic assets to participate in high-growth markets and support the build-out of secure North American supply chains. Avalon is advancing the Nechalacho Rare Earth Elements and Zirconium Project in the Northwest Territories, which contains all light and heavy rare earth elements, as well as zirconium, tantalum, and niobium-critical minerals used in advanced technologies across the communications, defense, advanced technologies, and energy sectors. The Company is also focused on vertically integrating the Ontario lithium supply chain through the development of Lake Superior Lithium Inc., Ontario's first midstream lithium hydroxide processing facility, located in Thunder Bay. This facility is expected to serve as a cornerstone of North America's integrated battery materials supply chain, transforming northern Ontario lithium into essential inputs for transportation, grid storage, and advanced manufacturing.
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Avalon Advanced Materials Inc financial statements
Key figures read from 40 of 40 financial statement filings, Nov 29, 2016 to Jul 10, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,453,872 | C$712,306 | C$2,582,110 | C$3,032,040 | C$1,823,459 |
| Total current assets | C$135,452,660 | C$135,486,751 | C$111,061,846 | C$116,388,667 | C$115,934,488 |
| Total current liabilities | C$4,290,400 | C$4,873,887 | C$1,360,945 | C$1,445,827 | C$858,351 |
| Working capital | C$131,162,260 | C$130,612,864 | C$109,700,901 | C$114,942,840 | C$115,076,137 |
| Exploration and evaluation assets | — | C$0 | C$0 | C$13,912,430 | C$13,288,036 |
| Property, plant and equipment | C$112,053,458 | C$111,889,134 | C$111,061,846 | C$102,476,237 | C$102,646,452 |
| Total assets | C$137,206,462* | C$136,378,561 | C$131,053,334 | C$120,446,917 | C$118,469,108 |
| Debt | C$2,715,000 | C$2,970,000 | C$0 | C$4,060,000 | C$2,990,000 |
| Total liabilities | C$7,887,773 | C$3,881,533 | C$3,549,419 | C$4,689,179 | C$3,985,441 |
| Shareholders' equity | C$125,028,289 | C$127,623,141 | C$126,142,970 | C$114,311,911 | C$113,625,316 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$5,561 | C$42,785 | C$1,806 | C$21,616 | C$53,812 |
| General and administrative | C$2,269,467 | C$4,315,513 | C$3,137,287 | C$2,260,303 | C$1,883,743 |
| Share-based compensation | C$373,609 | C$449,075 | C$633,719 | C$565,163 | C$368,650 |
| Impairments and write-downs | — | C$0 | C$419,200 | — | — |
| Net income (loss) | (C$4,809,617) | (C$634,576) | (C$3,317,059) | (C$3,945,843) | (C$3,755,123) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$3,568,848) | (C$4,078,836) | (C$2,615,561) | (C$2,455,972) | (C$2,027,137) |
| Investing cash flow | (C$440,302) | (C$537,588) | (C$11,612,767) | (C$859,936) | (C$1,378,560) |
| Financing cash flow | C$4,750,716 | C$2,746,620 | C$13,778,398 | C$4,524,489 | C$3,937,096 |
| Exploration spending (capitalized) | C$0 | (C$133,736) | (C$2,892,854) | (C$636,134) | (C$1,109,959) |
| Property, plant and equipment spending | (C$440,302) | (C$495,839) | (C$8,655,285) | (C$223,802) | (C$68,601) |
| Change in cash | C$741,566 | (C$1,869,804) | (C$449,930) | C$1,208,581 | C$531,399 |
| Cash at end of period | C$1,453,872 | C$712,306 | (C$64,628) | C$3,032,040 | C$1,823,459 |
Avalon Advanced Materials Inc financings
1 financing announced or closed by Avalon Advanced Materials Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-15 | Avalon Advanced Materials Inc (AVL) | Private placement | Announced | EUR $100.0M | — | Avalon Advanced Materials Announces Finnvera Letter of Interest Supporting Potential EUR 100 Million Financing for Metso Equipment and Services at Thunder Bay Lithium Processing Facility |
Avalon Advanced Materials Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Avalon Advanced Materials Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-07-21 | Convertible note / loan, drawdown | Lind Partners | C$1.56M | 10% |
| 2024-11-18 | Convertible debenture, closed / funded | SCR-Sibelco NV | C$6.5M | 7.5%, matures 2026-11-18 |