Avalon spokesman Don Bubar is in Kenora this week, and he offers an update on their lithium deposit at Separation Rapids.
"It's tricky because the battery industry is continuing to evolve. The forms of lithium they want for the next generation batteries continues to change, too," he said yesterday, during a visit to KenoraOnline.
Avalon is excited about new deposits of lithium they've found north of Kenora.
"Again, demonstrating there's lots more of that mineral to be found there. It's a unique resource that gives us a real advantage in the lithium market," he said.
The company hopes to have their operation running within three years. Lithium from the deposit can be used for specialty glass, as well as batteries.
Bubar is also optimistic about their Big Whopper property.
"I always like to remind people in the community here it isn't really a traditional mining business. It's more like a manufacturing business," he noted.
According to the Toronto Stock Exchange, the share has been trading between seven and eight cents in September. It reached a high of $3 a share in 2008. The property's been in development for more than 20 years.
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