Avalon Announces the Results of its 2025 Annual and Special Meeting of Shareholders
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) held its 2025 Annual and Special Meeting of Shareholders on February 27, 2025, in Toronto, Ontario. During the meeting, shareholders approved all seven director nominees listed in the company's information circular dated January 14, 2025. Additionally, shareholders reappointed Ernst & Young LLP as the company's auditors and approved the issuance of common shares to SCR-Sibelco NV upon conversion of the amended and restated convertible debenture dated November 18, 2024.
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) ha tenuto la sua Assemblea Annuale e Straordinaria degli Azionisti il 27 febbraio 2025, a Toronto, Ontario. Durante l'incontro, gli azionisti hanno approvato tutti e sette i candidati al consiglio di amministrazione elencati nel circolare informativa dell'azienda datata 14 gennaio 2025. Inoltre, gli azionisti hanno riconfermato Ernst & Young LLP come revisori dei conti dell'azienda e hanno approvato l'emissione di azioni ordinarie a SCR-Sibelco NV in seguito alla conversione del prestito obbligazionario convertibile modificato e riformulato datato 18 novembre 2024.
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) celebr贸 su Junta Anual y Extraordinaria de Accionistas el 27 de febrero de 2025, en Toronto, Ontario. Durante la reuni贸n, los accionistas aprobaron a los siete candidatos a directores que figuraban en el folleto informativo de la compa帽铆a fechado el 14 de enero de 2025. Adem谩s, los accionistas reeligieron a Ernst & Young LLP como auditores de la empresa y aprobaron la emisi贸n de acciones ordinarias a SCR-Sibelco NV tras la conversi贸n del bono convertible modificado y reformulado fechado el 18 de noviembre de 2024.
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Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) a tenu son Assembl茅e Annuelle et Extraordinaire des Actionnaires le 27 f茅vrier 2025 脿 Toronto, Ontario. Au cours de la r茅union, les actionnaires ont approuv茅 les sept candidats au conseil d'administration figurant dans le circulaire d'information de l'entreprise dat茅 du 14 janvier 2025. De plus, les actionnaires ont reconduit Ernst & Young LLP en tant qu'auditeurs de l'entreprise et ont approuv茅 l'茅mission d'actions ordinaires 脿 SCR-Sibelco NV suite 脿 la conversion de l'obligation convertible modifi茅e et reformul茅e dat茅e du 18 novembre 2024.
Avalon Advanced Materials (TSX: AVL, OTCQB: AVLNF) hielt am 27. Februar 2025 in Toronto, Ontario, seine j盲hrliche und au脽erordentliche Hauptversammlung ab. W盲hrend der Sitzung genehmigten die Aktion盲re alle sieben zur Wahl stehenden Direktoren, die im Informationsrundschreiben des Unternehmens vom 14. Januar 2025 aufgef眉hrt sind. Dar眉ber hinaus best盲tigten die Aktion盲re Ernst & Young LLP als Wirtschaftspr眉fer des Unternehmens und genehmigten die Ausgabe von Stammaktien an SCR-Sibelco NV im Rahmen der Umwandlung der ge盲nderten und neu gefassten Wandelanleihe vom 18. November 2024.
- Shareholder approval for convertible debenture conversion to common shares
- All director nominees successfully elected
- Potential shareholder dilution from convertible debenture conversion
Toronto, Ontario--(Newsfile Corp. - February 28, 2025) - (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company"), announces the results of its 2025 Annual and Special Meeting of Shareholders held in Toronto, Ontario on February 27, 2025 (the "Meeting"). At the Meeting, all seven director nominees listed in the Company's information circular dated January 14, 2025 were elected as directors of the Company. The detailed results of the vote are as follows:
| Director | Number of Votes Cast | Percentage of Votes Cast | |
| Alan Ferry | For: Against: | 169,192,233 6,377,023 | |
| Timothy Haig | For: Against: | 170,297,407 5,271,849 | |
| Flavio Hees | For: Against: | 169,576,015 5,993,241 | |
| Naomi Johnson | For: Against: | 169,160,074 6,409,183 | |
| Alec Kodatsky | For: Against: | 169,217,718 6,351,538 | |
| Scott Monteith | For: Against: | 168,379,929 7,189,327 | |
| Harvey L. A. Yesno | For: Against: | 169,557,071 6,012,185 |
At the Meeting, shareholders also re‐appointed Ernst & Young LLP as auditors of the Company and disinterested shareholders approved the issuance of common shares of the Company to SCR-Sibelco NV upon conversion of the amended and restated convertible debenture dated November 18, 2024, in accordance with its terms.
About Avalon Advanced Materials Inc.
Avalon Advanced Materials Inc. is an emerging Canadian manufacturing company focused on vertically integrating the Ontario lithium supply chain, by developing the Lake Superior Lithium Facility, Ontario's first midstream lithium hydroxide processing facility in Thunder Bay, Ontario, a strategic link in bridging the lithium resources of northern Ontario with the downstream EV battery manufacturing base in southern Ontario and North America. The Company, through its joint venture with SCR-Sibelco NV, is currently developing its Separation Rapids lithium deposit near Kenora, ON, while also continuing to advance the lithium focused Snowbank and Lilypad Projects. Avalon is also advancing its Nechalacho Rare Earths and Zirconium Project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors.
For questions or feedback, please email the Company at [email protected] or contact Ms. Rachel Naji, Investor Relations Manager at 416-364-4938.
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