THUNDER BAY — The company that hopes to develop a lithium processing facility in Thunder Bay has taken another step toward achieving that goal.
Avalon Advanced Materials Inc. announced the signing of a memorandum of understanding to create a strategic partnership with Finland-based Metso Corporation, a global leader in critical-mineral processing technology.
The non-binding agreement will see the parties work to establish terms to develop a lithium hydroxide production facility to process mineral concentrates that are used in electric vehicle batteries.
Just last month, Avalon confirmed the purchase of the former Smurfit-Stone mill site on Strathcona Avenue for its proposed processing facility, and announced a partnership with a Belgian company to advance the development of its two lithium properties in Northwestern Ontario.
On Monday, the company said a partnership with Metso would allow it to deploy world-leading technology to create Ontario's first lithium processing site and help ensure that Canada's electric vehicle battery manufacturing base has a stable and reliable supply.
"Metso's platform and technological solutions perfectly complement Avalon's vision to complete an integrated lithium value chain in Ontario, predicated on innovative process solutions, " said Zeeshan Syed, president of Avalon. "We view Metso as an integral part of this rapidly growing sector, and a foundational partner in developing internationally best-in-class processing capabilities that are environmentally sustainable."
A press release described Metso as a leader in providing sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries.
For battery materials, it provides technology and equipment for the entire production chain, from the mine to battery materials and the recycling of battery components.
Mikko Rantaharju, head of hydrometallurgy at Metso, said the company is looking forward to partnering with Avalon and to be part of its long-term vision to be a mid-stream supplier in the lithium hydroxide space.
"We are aligned with Avalon's vision of the future and proud to play a key role in technology supply and advancement into clean energy solutions," he said.
Metso employs over 16,000 people in nearly 50 countries.
The MOU between the two companies was signed at Canada House in London, UK.
