Articles for tag: Avalon, Bay, begins, conversion, facility, lithium, PEA, Thunder

April 20, 2024

Ron Finklestien

mining

Avalon Embarks on PEA for Thunder Bay Lithium Conversion Facility

The Environmentally Friendly Metso Lithium Conversion Technology In a bold move reflecting the winds of change, Avalon has taken the plunge into pursuing a Preliminary Economic Assessment (PEA) for its Thunder Bay lithium conversion facility. The facility, slated for operational debut in 2025, will showcase the cutting-edge Metso lithium conversion technology – a revolutionary acid-free approach. This forward-thinking innovation ensures a departure from the use of hazardous reagents, instead birthing a byproduct comprising a harmonious blend of sand and limestone, which can be repurposed to craft construction materials. The Promising Acquisition of the Industrial Site Harnessing the essence of strategic

March 27, 2024

Ron Finklestien

mining

First Majestic Unveils Exclusive Bullion Collection at Nevada Mint

Introducing First Majestic’s Nevada Mint Facility First Majestic revealed the launch of its environmentally sustainable and highly efficient production line at the Nevada mint facility. This cutting-edge technology enables the mint to generate more than 10% of the company’s existing silver production, sourced from its Mexican operations. Commemorative Bullion Bars for Sale The first-ever production run of bullion bars will be sold as exclusive collectibles, each accompanied by certificates of authenticity and distinctive packaging. These limited-edition “First Strike” products, as named by the company, will consist of 1,000 one-kilogram bars, 2,500 ten-ounce bars, and 5,000 five-ounce bars. Expanding Portfolio and

March 18, 2024

Ron Finklestien

mining

Avalon Embarks on $11 Million Investment for Groundbreaking Lithium Processing Venture

Revolutionizing Lithium Processing Exciting news emerged in July 2023 when Avalon unveiled its collaboration with the Finnish mining tech powerhouse, Metso. Joining forces, the two entities aim to establish a cutting-edge lithium processing plant – poised to be the province’s forerunner in battery-grade lithium production. Through this strategic partnership, Avalon gains access to Metso’s advanced technologies, enabling the production of lithium hydroxide cathode materials tailored for the thriving global electric vehicle (EV) market. A Strategic Property Acquisition Prior to this groundbreaking partnership, Avalon sealed the deal on the acquisition of a sprawling 383-acre industrial site. Situated uniquely with direct access

January 30, 2024

Ron Finklestien

mining

Canadian Copper Takes the Reins at Murray Brook with Offtake Agreement and Credit Facility

Canadian Copper has made significant strides in its quest for dominance at the Murray Brook copper-zinc deposit in New Brunswick’s Bathurst camp, securing a 28% interest from Metalquest Mining (TSXV: MQM). The company’s ambition to claim full ownership materialized further when it initiated acquisition talks to buy out 72% majority owner Votorantim Metals Canada. Upon the completion of the title transfer, Murray Brook will fall entirely under the wing of Canadian Copper. In a pivotal move, Canadian Copper has inked an offtake agreement with Ocean Partners, solidifying its market presence. The deal dictates that Ocean Partners will purchase a minimum