Toronto developer begins study of what a lithium conversion plant might look like
Avalon Advanced Materials has started a preliminary economic assessment of its proposed Thunder Bay lithium refinery.
Last June, Avalon purchased a 383-acre waterfront brownfield property on Strathcona Avenue in Thunder Bay’s north end. The company previously tossed out the figure of $1.1 billion to build the plant. In the release, Avalon said it's counting on producing an estimated 30,000 tonnes a year of lithium hydroxide over a 20-year span, equal to the estimated mine life at Separation Rapids.
“The forecasted battery manufacturing capacity is expected to increase over the coming years as world EV and battery utilization becomes more mainstream,” said Scott Monteith, Avalon’s CEO, in a statement. Separation Rapids, located 70 kilometres north of Kenora, is a rare pegmatite deposit enriched in lithium minerals, namely petalite and lepidolite.
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