SEPARATION RAPIDS LTD.
Overview
Joint Venture with SCR-Sibelco NV to Supply the Global Glass-Ceramics Market and Power North America's EV Battery Industry
Ownership:
Joint-Venture: SCR-Sibelco NV (60%): Avalon Advanced Materials Inc. (40%)
The JV owns the flagship Separation Rapids deposit, the Snowbank target, and the Lilypad Project
Location:
Separation Rapids Deposit, Snowbank Target – Kenora, Ontario
Lilypad Project – Fort Hope, Ontario
Stage:
Separation Rapids: Currently metallurgical testing & drilling
Key Points:
The property lies within the traditional land use area of the Wabaseemoong Independent Nations (“WIN”) of Whitedog, Ontario: an Aboriginal community located approximately 35 km southwest of the property.
Dual-market strategy to supply petalite-lithium to the global glass & ceramics industry and North American EV battery manufacturing market.
Separation Rapids
Mineral Resource:
PEA 2018
Updated Resource August 2023
2024 Winter Drill Program Completed – MRE Update in progress
Lilypad Project
Lithium Pegmatites: discovered in the area as spodumene and lepidolite
Tantalum: present in mineralized pegmatites
Cesium
Snowbank Target
Channel samples yielded assays of up to 2.51% Li2O over 1.1 meters, with petalite comprising approximately 50% of the mineral content
About Our Joint Venture
SCR-Sibelco NV:
Sibelco is a global materials solutions company that mines, processes, and sells industrial minerals from locations around the world, focusing primarily on silica, clays, feldspathics, and olivine.
SRL, the joint venture company, owns and will work to commercialize the mineral assets at Separation Rapids and Lilypad.
Sibelco has the sole funding responsibility for the first €34.8 million (~C$50 million) of joint venture operations expenditures.
Mineral output of petalite-lithium at Separation Rapids is expected to be sufficient to pursue a dual-market strategy to supply both the global glass & ceramics and North American EV battery markets.
Avalon in partnership with its Joint-Venture partner SCR-Sibelco NV is announces the results of an updated Mineral Resource Estimate (MRE)
for the Separation Rapids Project in Kenora.
Benefits of Separation Rapids Ltd.
Rich Resource Base
Latest drilling results affirm Separation Rapids' status as a site with a rich resource base, poised for substantial expansion and value creation.
Strategic Partnership
SCR-Sibelco NV, brings expertise and operational efficiency, ensuring long-term success and sustainable growth.
Expansion Potential
Seeking to expand the lithium portfolio by acquiring additional deposits, aiming to enhance market position and meet global demand.