INDUSTRY BULLETIN: Launch of the Canadian Critical Minerals and Materials Alliance
The Canadian Critical Minerals and Materials Alliance (C2M2A, or the Alliance), an industry association aimed at advancing resilient critical materials supply chains for Canada’s cleantech economy, was announced on January 14, 2021. The launch of C2M2A builds on Avalon Advanced Materials’ early involvement in establishing the Canadian Rare Earth Elements Network (CREEN) in 2013 and its success in building awareness on the growing importance of rare earth elements in new technology.
Avalon is proud to be a founding member of the Alliance. Comments Avalon President and CEO, Don Bubar, “The launch of C2M2A is an important step forward in the evolution of Canada’s mineral industry. Our success as a 20th century economy was largely based on our mineral resource wealth and ability to produce traditional mined commodities at a low cost. But it is now time to recognize that the industry is transitioning to include a whole new group of critical minerals - for which the downstream processing to make the needed derivative products is key to serving the new clean economy. C2M2A can help show policymakers the most successful path forward.”
Recent geopolitical developments have underscored the importance of the critical materials supply chains necessary for clean energy, electric vehicles, communications, medical and aerospace applications. A coordinated supply chain consortium, which represents a range of both upstream and downstream critical materials producers (e.g., rare earth elements, lithium, cobalt, graphite and others) will help support policymakers and industry players implement strategies that will enable full Canadian participation in the sector.
Canada is well positioned to implement its vision for a clean energy future because of its enormous critical minerals resource wealth; however, the country must implement a strategy to use this wealth to establish the downstream processing capacity to create the refined materials needed in electric vehicle and battery technologies.
More information on C2M2A can be found on its new website at www.C2M2A.org.
For questions or feedback, please email Avalon at ir@AvalonAM.com.
About Avalon Advanced Materials Inc. (AVL:TSX)
Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology. The Company now has four advanced stage projects, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and zirconium. Avalon is currently focusing on developing its Separation Rapids Lithium Project near Kenora, Ontario while looking at several new project opportunities, including re-activating its 100%-owned Lilypad Tantalum-Cesium Project in northwestern Ontario. Social responsibility and environmental stewardship are corporate cornerstones.