Avalon Advanced Materials Inc. is pleased to announce that it has closed the $2,750,000 first drawdown of its up to $15,000,000 convertible security funding agreement with Lind Global Fund II, LP, an entity managed by The Lind Partners, a New York based institutional fund manager . The details of the Funding Agreement are contained in the Company's news release dated March 18, 2024. With the first drawdown completed, the Company has initiated steps to commence a Preliminary Economic Assessment for its lithium hydroxide conversion facility in Thunder Bay, Ontario . The Project will be owned and operated by Avalon's wholly owned subsidiary, Lake Superior Lithium Inc.. The PEA will consider feed sourcing of high-grade lithium concentrates from various sources, and will feature th...