Scott Monteith was appointed CEO of Avalon in May 2023. He is an entrepreneur and business owner with a successful track record of moving inventions from ideation to commercial success. He graduated with a Bachelor of Business Management from Toronto Metropolitan University and is part of the Young Presidents’ Organization in Ontario with Harvard Business School.
Mr. Monteith is currently the Chairman of Monteco Ltd., Cable House Capital Ltd. and Imtex Membranes Corporation.
Mr. Monteith has extensive experience in the areas of marketing, manufacturing, technology transfer, technology licensing, new product development, patent management, corporate development, international business, M&A, investing, government affairs, Board Governance and strategic planning. An intuitive individual, he possesses strong communications, team building and management skills.
Mr. Monteith is the founder of Monteco Ltd. and has served as its President and CEO since 1995. Since its inception, Monteco has launched a successful portfolio of companies that include Biox, Imbrium Systems, Green Turtle, Filamat Composites, Imtex Membranes and Optomem Sensors.
Jim Andersen is a Chartered Professional Accountant with 30 years of experience in the mining industry. He graduated with high distinction from the University of Toronto (B.Comm., 1991) and started his career with the mining services team at Coopers & Lybrand in Toronto, Ontario. He received his C.A. designation in 1993, after having placed 20th in Ontario on the 1992 Uniform Final Exam.
Mr. Andersen began his own accounting practice in 1994 and was in charge of Avalon’s audit from 1996 to 2000, prior to joining the company as its CFO in 2001.
Mark N.J. Ashcroft, P.Eng, is a seasoned professional in the mining, resource and finance sectors with a legacy as a sixth-generation miner, who first went underground at 12 years old. Beginning his career underground in Thompson, MB, he later earned an engineering degree and gained extensive experience across North and South America and Australia. He has held roles in mining operations, corporate development, and finance, including President and CEO of Stonegate Agricom, where he managed a pivotal $51.75 million IPO on the Toronto Stock Exchange. Currently, he is the CEO of Aurelius Minerals Inc., focusing on gold projects in Nova Scotia and Ontario.
Mark’s background includes investment banking and corporate finance positions in London, New York, and Toronto at firms like Barclays Capital, Standard Bank, Versant Partners, and Toll Cross Securities, dealing primarily with resource companies. He has served on various public mining and exploration boards, advising on governance and capital markets. Mark is a licensed Professional Engineer in Ontario, and holds a Bachelor of Engineering in Mining Engineering from Laurentian University and a Master of Science in Finance, Regulation, and Risk Management from the University of Reading..
Andrew Ramcharan is a distinguished expert in mining engineering and corporate finance, holding advanced degrees from the Colorado School of Mines and the University of Leoben, complemented by specialized training from Harvard Business School’s Continuing Education Program. As a licensed Professional Engineer in Ontario and a recognized authority in the mining sector, Dr. Ramcharan is a Registered Member of the Society for Mining, Metallurgy and Exploration (SME) in the USA, and holds Fellow status with both The Australasian Institute of Mining and Metallurgy (AusIMM) and The South African Institute of Mining and Metallurgy (SAIMM).
In the realm of investment banking, Dr. Ramcharan’s career features senior roles at Sprott Consulting and Resource Capital Funds, where he was instrumental in executing over 300 project evaluations and managing numerous high-stakes debt and equity financings. His strategic acumen was further demonstrated during his tenure as Executive Vice President of Corporate Development and Investor Relations at Roscan Gold, where he played a key role in the company’s rapid expansion, increasing its market value significantly within a year and securing over $40 million in funding.
Dr. Ramcharan’s profound knowledge and dynamic leadership continue to make significant impacts in the mining and financial sectors, combining technical expertise with financial savvy to drive innovation and growth.
Prior to joining Avalon in 2019, Mr. Syed was focused on public-private partnerships and management in public service, the nonprofit sector, and politics. He has served in the Office of the Prime Minister in Canada, with the Government of Alberta and with the United Nations Secretariat.
Alan Ferry has been an independent businessperson since 2007, following a 28 year career in the investment industry as a mining analyst and mining corporate finance specialist. Mr. Ferry holds a B.Sc. in Geological Sciences from Queen’s University (1977) and a Chartered Financial Analyst designation (retired). Mr. Ferry has been a director of Avalon since 2000, and is past Chair of Plateau Energy Metals Inc.
Chair of the Audit Committee
Member of the Compensation, Governance and Nominating Committee
Timothy Haig is a successful entrepreneur, specifically in the renewable fuels and cleantech industrial area, who has not only taken an idea from lab to publicly traded company also a visionary and strategic leader who has helped forge an industry. A strong leader with proven ability to assemble capable and motivated teams. Has a reputation of not being able to hear ‘No’ and finding ways to get things done. Dedicated to maintaining a reputation of integrity and honesty and uncompromising ethics.
Flavio Hees is the Vice-President of Geology and Mining for Sibelco. He currently manages over 130 mines across five core minerals, focusing on long-term strategies that optimize the use of mining assets while ensuring compliance in reporting mineral resources and reserves. His commitment to sustaining the life of the mine reflects his dedication to responsible mining practices. With experience in soil and rock mechanics, he advises executives and board members on the best practices to ensure the safety operations of long-term mining plan. Flavio is a highly experienced geologist with a master’s degree in geotechnical engineering and extensive expertise in industrial minerals. A proponent of diversity, inclusion, and belonging, Flavio actively engages with local communities, believing that mining operations can coexist with nature while minimizing environmental impacts and creating opportunities.
Alec Kodatsky has been a financial industry professional for over 20 years. He has spent the past six years as a founding member and Co-President of Forthlane Partners, a family office investment firm based in Toronto. Prior to this he spent nearly 15 years as an institutional equity research analyst at both global and domestic banks covering the mining sector. He has received several industry awards: recognized as Canada’s Top Stock Picker – Large Cap by StarMine in 2006 and ranked “Top Gun Analyst” by Brendan Wood International several times. He is a mining engineer by trade and holds a Bachelor of Science in Mining Engineering from Queen’s University and MBA from the Schulich School of Business.
Naomi Johnson is a global CSR executive, international development specialist and lawyer. Ms. Johnson lends a diverse and holistic perspective to approaching stakeholder risk and impact management. She has extensive experience leading on-site teams in challenging jurisdictions, including projects in Argentina, Chile, Peru, Dominican Republic, Democratic Republic of Congo, Ethiopia, Kenya, Zambia, Sierra Leone, Sudan, Uganda, India, Pakistan and Papua New Guinea. Ms. Johnson has held the position of VP, Community Relations at Titan Mining Corporation since 2018. Previously, she was with Barrick Gold (2008-2017), ultimately serving as Partner & Senior Director – Community Relations.
Ms. Johnson is a graduate of King’s College University (BA International Development) and Ottawa University (LL.B, 1998). She is called to the Bar in Ontario (2000). Ms. Johnson joined Avalon’s Board of Directors in September 2019.
Chair of the Compensation, Governance and Nominating Committee
Harvey Yesno is a member and former Chief of the Eabametoong First Nation located at Fort Hope, ON. Mr. Yesno served as Chief for six terms from 1977 to 1991 and one further term from 2019-21. He also served as Grand Chief of Nishnawbe Aski Nation (Treaty #9 and #5) from 2012-15. From 1993 to 2010 he served as President & CEO of Nishnawbe Aski Development Fund (“NADF”). NADF is a non-profit Indigenous financial institution that supports Indigenous business and economic development in Northern Ontario. From 2011-2012, Mr. Yesno served as Director of Community Relations for Ontario’s Ring of Fire Secretariat.
Cindy Hu joined Avalon in 2007. Prior to joining the company, Ms. Hu was a senior manager with the accounting firm Andersen & Company Professional Corporation. She is a Chartered Professional Accountant with over 20 years of experience in public accounting practice and financial reporting, primarily for junior public companies and private wealth management portfolios.
MS. Hu earned her B.Com from Laurentian University in 1996.