Avalon CEO on lithium partnership with Lepidico
Don Bubar, President, CEO and Director of Avalon Advanced Materials Inc. (TSX: AVL | OTCQX: AVLNF) in an interview with InvestorIntel’s CEO Tracy Weslosky discussing the shape of the company in 2017 and their present endeavors involving the extraction and processing of lithium. They are currently working with Perth-based company, Lepidico, to develop new lithium extraction methods. Focused on creating market-ready battery materials from their Separation Rapids facility in Ontario, Don mentions lithium batteries as a source of renewable energy for home energy storage and the capacity for off-grid living. He also notes, moving forward, shareholders should expect the construction of a demonstration pilot plant in 2018.
Tracy Weslosky: Don I would love it if you would just start by providing us with an overview on Avalon Advanced Materials for our audience….
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Don Bubar: We continue to be a diversified player in the specialty minerals and metals space offering our investors and shareholders exposure to a broad range of these technology metals as they’re often referred to. Right now, our big focus is on lithium for all the reasons that most of your listeners would be aware of now.
Tracy Weslosky: We are interested in lithium. We’re really interested specifically in technology processes. Your most recent news release in February about a deal you have with a Perth-based technology company is of great interest to us. Can you tell us a little bit more about this?
Don Bubar: Yes. The company was Lepidico. We met them last fall and they told us how they’re developing a new process for recovering lithium from lithium micas, including one called petalite that we have a lot of at our resource at Separation Rapids, but never really looked at in the past as an opportunity. They did some test work for us on it and that demonstrated that they can process that material and recovery a very high purity lithium carbonate product that looks like it could be a winner for us.
Tracy Weslosky: Of course, your lithium project is your Separation Rapids advanced lithium project. Is that correct?
Don Bubar: That’s correct. We’ve been working on this project for most of the 20 years I’ve been running Avalon now, first as a producer of a lithium mineral for glass ceramics back in the 1990s. Obviously, now with the new demand for lithium in battery materials, that’s creating a new opportunity for us to re-examine this resource and create a battery material product for that market…to access the complete interview, click here
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