• Avalon Advanced Materials submitted a full proposal to NRCan’s critical minerals program for C$ 20 million to advance Nechalacho’s Basal Zone.
• Plan targets a construction-ready engineering basis for the rare earth project, including an AACE Class 3 capital cost estimate.
• Funding would support process optimization of Engina’s Hybrid Supercritical Refining using existing Nechalacho concentrate to produce separated rare earth oxides.
• Program also includes a modular demonstration plant designed to process 1 tonne per day, tested in Canada then relocated to site.
• NRCan’s June 30, 2026 invitation to submit was not a funding decision.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Avalon Advanced Materials Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608270700NEWSFILECNPR____20260827_311480_1) on August 27, 2026, and is solely responsible for the information contained therein.