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..
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.
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.