The Ontario provincial government announced a C$500 000 investment that will assist TSX-listed explorer Avalon Advanced Materials to develop an innovative new process to make lithium-ion batteries from petalite mineral deposits in the Kenora area.
The government said in a statement on Monday that the financial assistance, through the Northern Ontario Heritage Fund Corporation (NOHFC), will allow the local mining company to test and demonstrate converting lithium mineral petalite into lithium hydroxide, a key component in the manufacturing of lithium-ion batteries, which provide a rechargeable, sustainable and low-pollution source of energy storage.
