New Risk • Jul 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$7.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$206.1k market cap, or US$146.8k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$6.9m net loss in 2 years). Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Jul 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$197.3k (US$140.2k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$197.3k market cap, or US$140.2k). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$9.1m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). 공고 • Jun 13
Avalon Advanced Materials Inc. Appoints PJ Juvekar to Its Board of Directors, Effective June 8, 2026 Avalon Advanced Materials Inc. announced the appointment of Mr. PJ Juvekar to its Board of Directors, effective June 8, 2026.Mr. 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. He has developed extensive expertise in chemicals, agriculture, energy transition, climate technology, and broader industrial markets.During his more than two decades at Citigroup, Mr. Juvekar held several senior leadership positions, ultimately serving as Global Head of Research for Chemicals, Agriculture, and Climate Tech. In this role, he advised institutional investors and corporate executives on industry dynamics, strategic positioning, and long-term value creation, earning recognition as one of Wall Street's most respected sector analysts.Mr. Juvekar currently serves as a Senior Advisor with Boston Consulting Group ("BCG"), where he advises corporate boards and executive teams on value creation, capital allocation, competitive positioning, and investor communication. He also serves as a Senior Advisor to Nouryon, a Carlyle-owned specialty chemicals company, where he provides strategic guidance focused on long-term shareholder value creation. Over the course of his career, Mr. Juvekar has advised on numerous IPOs, mergers and acquisitions, strategic transactions, and capital markets initiatives involving both public and private companies, including private equity-backed businesses. His experience spans critical industrial and energy transition markets that are increasingly relevant to Avalon's rare earths and lithium development strategy. Mr. Juvekar holds a Bachelor of Science in Chemical Engineering from the Institute of Chemical Technology, a Master of Science in Chemical Engineering from the University of Maine, and an MBA in Finance and Strategy from Carnegie Mellon University's Tepper School of Business. New Risk • Jun 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.9m free cash flow). Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$14t net loss next year). Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$50.1m market cap, or US$35.8m). New Risk • Apr 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.9m free cash flow). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (CA$130k revenue, or US$94k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$66.8m market cap, or US$48.3m). New Risk • Apr 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$62.6m market cap, or US$44.9m). 
