Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario’s Lithium Battery Materials Supply Chain
Toronto, ON – Avalon Advanced Materials Inc. (TSX: AVL and OTCQB: AVLNF) (“Avalon” or the “Company”) “) is pleased to announce that it has signed a non-binding memorandum of understanding (the “MOU”) with LG Energy Solution (LGES; KRX: 373220) to supply LGES with a battery-grade lithium hydroxide starting in 2025. Avalon plans to establish a regional lithium battery materials supply chain in Ontario to serve the needs of future electric vehicle and lithium-ion battery...
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