Post by sshl on Mar 3, 2021 20:59:39 GMT
this is a junior mining stock in Canada that I have followed for over 4 years . For all those years most of the press releases from the company were either announcing offerings or sustainability reports. Recently it appears there are more concrete activities going on.
- About 4 months ago they announced it has entered into a Letter of Intent ("LOI") with Rock Tech Lithium Inc. ("Rock Tech") to collaborate on the development of a lithium battery materials process facility in Thunder Bay, Ontario.
- around the same time they announced it has engaged Sustainalytics, a Morningstar company, to conduct an independent audit of the Company's business practices and policies towards obtaining an Environmental, Social and Corporate Governance ("ESG") Risk Rating License.
- then in January they announced that it has entered into a $3,000,000 convertible security funding agreement with the proceeds to be used to accelerate the planned work program for the Company's Separation Rapids Lithium Project near Kenora, Ontario and cover near term working capital requirements.
-then two weeks ago they announced that it has entered into a binding letter of intent (the "Agreement") to purchase ownership of 2333382 Ontario Inc. ("2333382"), a private Ontario corporation which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson, Ontario.
- last week the ESG report came in and reported that on its Environmental, Social and Corporate Governance ("ESG") Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on November 3, 2020. Avalon's overall management of material ESG issues is strong. No events or policies were identified that may negatively impact stakeholders, the environment or the Company's operations.
- again last week at the special shareholders meeting , after the election results were posted they announced some interesting book keeping moves that appears to be clearing the way for more moves forward . As I said, these moves are different than just the sustainability reports given over the years and could be meaning to more concrete things to come.
in the last 3 months the share price has gone from $.05 back in Nov to todays price of $.19 after reaching a high of $.28 last week. Looks like support will be around $.15. With all the news on lithium demand and moves by China restricting the export of lithium I think this stock is something to look at , with the caveat of being a huge speculative penny stock.
- About 4 months ago they announced it has entered into a Letter of Intent ("LOI") with Rock Tech Lithium Inc. ("Rock Tech") to collaborate on the development of a lithium battery materials process facility in Thunder Bay, Ontario.
- around the same time they announced it has engaged Sustainalytics, a Morningstar company, to conduct an independent audit of the Company's business practices and policies towards obtaining an Environmental, Social and Corporate Governance ("ESG") Risk Rating License.
- then in January they announced that it has entered into a $3,000,000 convertible security funding agreement with the proceeds to be used to accelerate the planned work program for the Company's Separation Rapids Lithium Project near Kenora, Ontario and cover near term working capital requirements.
-then two weeks ago they announced that it has entered into a binding letter of intent (the "Agreement") to purchase ownership of 2333382 Ontario Inc. ("2333382"), a private Ontario corporation which owns four industrial minerals properties and a demonstration-scale processing plant located at Matheson, Ontario.
- last week the ESG report came in and reported that on its Environmental, Social and Corporate Governance ("ESG") Risk Rating following an independent audit of the Company's business practices and policies performed by Sustainalytics, a Morningstar company, as first announced on November 3, 2020. Avalon's overall management of material ESG issues is strong. No events or policies were identified that may negatively impact stakeholders, the environment or the Company's operations.
- again last week at the special shareholders meeting , after the election results were posted they announced some interesting book keeping moves that appears to be clearing the way for more moves forward . As I said, these moves are different than just the sustainability reports given over the years and could be meaning to more concrete things to come.
in the last 3 months the share price has gone from $.05 back in Nov to todays price of $.19 after reaching a high of $.28 last week. Looks like support will be around $.15. With all the news on lithium demand and moves by China restricting the export of lithium I think this stock is something to look at , with the caveat of being a huge speculative penny stock.
