Apache Avalon

Avalon and Fort William First Nation Sign Letter of Intent to Collaborate on Development of Thunder Bay Lithium Refinery

Retrieved on: 
Wednesday, March 31, 2021
Avalon Rare Metals, Lithium mining, AVL, Apache Avalon, Avalon, Ottawa, Companies, Industry economics), Mining

Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLND) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Fort William First Nation ("FWFN") to collaborate on the development of a lithium battery materials refinery located on industrial lands owned by FWFN in Thunder Bay, Ontario.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - Avalon Advanced Materials Inc. (TSX: AVL) and (OTCQB: AVLND) ("Avalon") is pleased to announce it has entered into a Letter of Intent ("LOI") with Fort William First Nation ("FWFN") to collaborate on the development of a lithium battery materials refinery located on industrial lands owned by FWFN in Thunder Bay, Ontario.
  • The balance of the 5,000 tonnes is expcted to be trucked to Kenora over the next week, depending on weather conditions.
  • About Avalon Advanced Materials Inc.
    Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology.
  • Avalon does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

Montare and Avalon Energy Enter into Agreement Regarding SandRidge Permian Trust

Retrieved on: 
Thursday, August 27, 2020
Legal entities, Corporate taxation in the United States, Common law, Equity, Inheritance, Trust law, Limited liability company, Apache Avalon, Law, Articles, Organizations

DALLAS, Aug. 27, 2020 /PRNewswire/ --Montare Resources I, LLC, a Texas limited liability company ("Montare") announced today that it entered into an agreement with Avalon Energy LLC, a Texas limited liability company ("Avalon Energy") and its affiliates regarding Avalon Energy's ownership of 13,125,000 Common Units ("Units") of Sandridge Permian Trust (NYSE: PER) (the "Trust"), 100% of the working interests underlying the overriding royalty interests owned by the Trust and all other related assets used in connection with operating the underlying properties related thereto.

Key Points: 
  • DALLAS, Aug. 27, 2020 /PRNewswire/ --Montare Resources I, LLC, a Texas limited liability company ("Montare") announced today that it entered into an agreement with Avalon Energy LLC, a Texas limited liability company ("Avalon Energy") and its affiliates regarding Avalon Energy's ownership of 13,125,000 Common Units ("Units") of Sandridge Permian Trust (NYSE: PER) (the "Trust"), 100% of the working interests underlying the overriding royalty interests owned by the Trust and all other related assets used in connection with operating the underlying properties related thereto.
  • Avalon Energy has agreed, subject to the satisfaction of certain conditions, to contribute all of its Units and its other Trust related assets to Montare and has granted Montare an irrevocable proxy to vote its Units.
  • Montare and Avalon Energy have also contemporaneously filed a joint Schedule 13D/A with the U.S. Securities and Exchange Commission disclosing the agreement.
  • Montare is a newly organized entity formed for the sole purpose of acquiring, owning and operating the oil and gas properties or interests therein owned by the Trust and Avalon.