2019 Sustainability Report

CRITICAL MINERALS FOR A SUSTAINABLE FUTURE

Welcome to Avalon’s 2019 Sustainability Report, where we once again review our sustainability progress and goals. These initiatives make our projects more cost effective, decrease risk and contribute to a more streamlined permitting process - adding to shareholder value while protecting the environment and generating benefits for our Communities of Interest. Sustainability reports such as this one provide tangible evidence that the mineral development industry is evolving rapidly as it transitions to cleantech materials production; embraces new, more efficient process technology; and reduces the scale of its initial operations - all resulting in a greatly reduced environmental footprint compared to that traditionally associated with the industry.

This report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, core option. All GRI content can be found within the comprehensive GRI Index. It includes a self-assessment of the company’s 2019 fiscal year sustainability performance and sets targets for 2020 against the Mining Association of Canada’s Toward Sustainable Mining indicators. It also tracks both short and long term sustainability goals set by Avalon management.

This year, Avalon has integrated the United Nations 17 Sustainable Development Goals (SDGs) into our sustainability reporting. 17 SDGs were set by the UN in 2015 and are the world’s shared plan to end extreme poverty, reduce inequality and protect the planet by 2030. Avalon has aligned our sustainability progress and goals with the SDGs to measure and manage our own small contribution towards these lofty global goals.