Avalon Announces Conclusion of Funding Agreement

Executive Summary

• Avalon Advanced Materials Inc. has successfully concluded its convertible security financing agreement with Lind Global Fund II, LP, satisfying all obligations under the transaction.
• The funding relationship with Lind spans eight years and has provided over $15 million of invested capital to support Avalon's rare earth and lithium projects.
• Completion of the financing strengthens Avalon’s balance sheet and underscores its commitment to disciplined capital management and long‑term shareholder value creation.

Key Details

• Financing Structure: Convertible security funding agreement with Lind Global Fund II, LP (managed by The Lind Partners).
• Total Capital Provided to Date: Over US$15 million invested by Lind since the partnership began in 2017.
• Obligations Satisfied: All conditions precedent and covenants under the convertible security agreement have been met; the financing is now fully closed.
• Strategic Impact: Enhances Avalon’s ability to advance its Nechalacho Rare Earth Elements & Zirconium Project, Lake Superior Lithium processing facility, and Separation Rapids Lithium JV.
• Management Commentary: CEO Scott Monteith highlighted the partnership’s role in supporting Avalon’s transition to a new phase focused on strategic partnerships, disciplined execution, and advancement of rare earth and lithium initiatives.

Notable Quotes

“Avalon is extremely appreciative of Lind's support over the last eight years, providing over $15 million of invested capital,” said Scott Monteith, President and Chief Executive Officer of Avalon.
“Concluding the funding marks another step forward and reflects our commitment to prudent capital management and long‑term shareholder value creation.”