10:22 AM EST - Avalon Advanced Materials Inc. : Announced the completion of a Preliminary Economic Assessment for its Lithium Hydroxide Processing Facility project in Thunder Bay, Ontario.
The PEA prepared by DRA Americas Inc. demonstrates the Project's compelling economic viability. The PEA considers a design capacity for the annual production of 30,000 tonnes of battery-grade lithium hydroxide (LiOH). All dollar values in this news release are expressed in Canadian Dollars unless indicated. (USD:CAD = 1.36). Key Highlights include: After-tax Net Present Value ("NPV") of $4.1 billion at 8% discount rate; After-tax Internal Rate of Return ("IRR") of 48% for the 30-year period; Initial Capital Cost $1.2 billion and Total Capital Cost $1.3 billion. Avalon Advanced Materials Inc.
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