Canadian lithium miner Avalon Advanced Materials Inc. has purchased land in Thunder Bay, Ont. to build a processing plant that will connect lithium mined in northwestern Ontario with battery cell manufacturers and electric-vehicle makers in southern Ontario and the United States.
The Toronto-based miner, which is developing lithium mining projects outside both Kenora and Fort Hope, Ont., said the industrial site on the Thunder Bay waterfront is serviced by road, rail, power and port infrastructure, and sits at the midway point between its remote mines and the battery and EV hubs emerging in the south.
The company did not disclose the financial terms of the land deal or provide a timeline for when it plans to start construction on the processing plant. Sibelco, a miner and industrial materials processor with operations in 32 countries, agreed to buy a 19.9-per-cent stake in Avalon June 15. Sibelco will own a 60-per-cent interest in the soon-to-be formed joint venture, while Avalon will hold a 40-per-cent stake. The partnership will include Avalon’s flagship Separation Rapids lithium development north of Kenora, as well as its Lilypad project near Fort Hope, but not the lithium refinery in Thunder Bay.
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