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$AVL.TO

2 stories mentioning AVL.TO

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Mining & Metals

Avalon Advanced Materials Appoints PJ Juvekar to Its Board of Directors

Avalon Advanced Materials (AVL.TO) on Friday said it appointed PJ Juvekar to its board of directors, effective June 8.Juvekar currently serves as a Senior Advisor with Boston Consulting Group and also serves as a Senior Advisor to Nouryon, a Carlyle-owned specialty chemicals company, said the company."Juvekar is a former top-ranked Wall Street analyst and accomplished business leader with more than 30 years of experience across capital markets, corporate strategy, and industrial sectors," stated the company.During his more than two decades at Citigroup, Juvekar held several senior leadership positions, ultimately serving as Global Head of Research for Chemicals, Agriculture, and Climate Tech, the company added."PJ brings an exceptional combination of capital markets credibility, industrial sector expertise, and strategic advisory experience that is rarely accessible to a company of Avalon's size," said board chair Alan Ferry. "As Avalon advances toward the next stage of corporate and project development, including expanded engagement with institutional investors, government stakeholders, and strategic industry participants, PJ's perspective and network will be tremendously valuable.."The company's shares were last seen up $0.005 tot $0.06 on the Toronto Stock Exchange.

$AVL.TO
Mining & Metals

Avalon Advanced Materials Down 7.7% On Special Meeting of Shareholders to Approve Share Consolidation

Avalon Advanced Materials (AVL.TO) shares fell 7.7% on Friday after it said it will hold a special meeting of shareholders on June 29, 2026, to seek shareholder approval for a proposed consolidation of its issued and outstanding common shares at a ratio to be determined by its board within a range of one post-consolidation common share for every 130 pre-consolidation common shares and one post-consolidation common share for every 180 pre-consolidation common shares.The board believes that establishing a range for the share consolidation provides appropriate flexibility to account for the trading price of the common shares, market conditions, and applicable listing requirements prior to implementation. The proposed share consolidation is intended to help position the company to satisfy minimum bid price or similar needs that may apply in connection with a future listing of the common shares on a major U.S. stock exchange, it said."As the Company continues to advance its critical minerals portfolio, shareholder approval of the Share Consolidation would provide the Company with additional flexibility as it evaluates potential U.S. capital markets alternatives and continues to pursue the next phase of its development," said Avalon Chair of the Board Alan Ferry.Shares of the company were last seen down $0.005 at $0.06 on the Toronto Stock Exchange.Price: $0.06, Change: $-0.01, Percent Change: -7.69%

$AVL.TO