LAKE SUPERIOR LITHIUM INC
Highlights of 2024 PEA
Completed by DRA Americas Inc.
Robust Project Economics
Indicates a strong financial case to procced to the next phase of the project: a feasibility study
Sustainably produced lithium: through the Metso technology
Overview
Building Ontario's 1st Lithium Hydroxide Processing Facility – Fueling Tomorrow's Green Economy
Ownership:
Lake Superior Lithium Inc is a 100% wholly owned subsidiary of Avalon Advanced Materials Inc.
Location:
City of Thunder Bay, Ontario
Stage:
PEA completed
Next Stage: Detailed studies and optimizations
Investigate the viability of a solar farm on the site.
Key Points:
Fully zoned and serviced land with infrastructure that provides significant advantages
Flexible feedstock strategy minimizes risk
Leveraging innovative process technology by Metso Corp
Avalon is focused on strengthening relationships with First Nations partners, the local community, and local government.
First Nations communities are valued partners, and Avalon is committed to ongoing dialogue, mutual respect, and exploring innovative partnerships in the new green economy
Objectives
Develop a Technology & Innovation Centre (TIC)
The TIC will foster technological collaboration, innovation and introduce novel IP.
Create an ESG-Leading, AI-Driven Project
The Industrial site can scale to host processing, recycling, chemical, and cell manufacturing capabilities.
Build an Integrated Lithium Platform
Accepting lithium concentrates from multiple producers and creating an Industrial Park in Ontario.
Strategic Investment Overview
Strategic Location: Proximity to key markets and resources, supporting efficient supply chains.
Infrastructure Advantage: Robust infrastructure, including existing buildings, extensive rail connectivity, and a deep-water port.
Supporting Government Incentives: Leverage Canadian, and U.S. government incentives for green energy and technology projects.
Meeting High Demand: The facility will help meet the escalating demand for lithium in EVs and renewable energy storage.
Scalable Growth Potential: Capable of processing Spodumene and Petalite concentrate, Facility designed with scalability in mind, capable of expanding to meet future market demands.
Sustainability Commitment: Implement environmentally friendly processes to minimize ecological impact and support sustainability goals.
Integrated Lithium Platform: Host processing, recycling, chemical, and cell manufacturing capabilities at the Thunder Bay site.
Watch this video to explore our strategic site in Thunder Bay, Ontario.
Access to Southern Ontario, U.S., and International Markets
This visual demonstrates the trade connectivity from the Lake Superior Lithium Project to U.S. and international markets—enabling a reliable supply of lithium for the expanding EV market.
Partnerships
Metso Corp:
Avalon has also entered into a partnership with Metso Corp. to leverage their groundbreaking, sustainable processing technologies.
Metso is a comprehensive solution provider for major lithium operations and backed by the latest technologies and decades of experience of spodumene extraction.
Metso has a proprietary technology with a more direct route to convert spodumene to battery-grade lithium hydroxide all within an environmentally sustainable alkaline leaching process completely acid & sulphate free.
Discover the key highlights of Avalon’s recently completed Preliminary Economic Assessment (PEA) for the Lake Superior Lithium Project in Thunder Bay, Ontario.
Benefits of the Lake Superior Lithium Project
Strategic Location
Located between northern Ontario’s lithium deposits and southern EV battery plants. The location leverages numerous site advantages, optimizing logistics and access to key markets.
Sustainability
We value environmental stewardship, recognizing our responsibility to future generations. Our facility is designed to minimize its carbon footprint and have a minimal impact on the surrounding ecosystem.
Community Partnerships
We prioritize partnerships with First Nations communities, ensuring that benefits are extended to all regional communities. We believe in empowering the community to power a brighter, cleaner tomorrow.