SCR-Sibelco to acquire a 19% stake in Avalon Advanced Materials for C$63m.

SCR-Sibelco, a material solutions company, to acquire a 19% stake in Avalon Advanced Materials, a Canadian mineral development company, for C$63m. "Avalon's vision for an integrated lithium play is exciting and will enable Sibelco to play an important role in this business segment. We see a tremendous opportunity to complement our core business by partnering with a proven lithium asset holder led by an experienced management team," Ian Sedgman, Sibelco Chief Strategy and Business Development Officer.