Avalon Advanced Materials Appoints Dr. Andrew Ramcharan as Vice President, Corporate Development
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Avalon Advanced Materials has appointed Dr. Andrew J. Ramcharan (Ph.D., P.Eng, FAusIMM), a widely respected global mining executive, as Avalon’s new vice president, Corporate Development.
Dr. Ramcharan’s appointment enhances Avalon’s governance structure, driving forward our corporate development and strategic objective of creating Ontario’s first vertically integrated lithium supply chain for the North American EV battery market.
“We are delighted to welcome Dr. Ramcharan to the Avalon team. His vast expertise and capabilities in engineering, finance, and investor relations will provide an immense boost to the company. Andrew’s experience in debt and equity financings, explorations and project evaluations will fortify Avalon’s ambition to build Ontario’s first lithium hydroxide converter in Thunder Bay. With his addition, Avalon is well-positioned to achieve its strategic objectives and drive future growth,” said Scott Monteith, Avalon CEO.
Dr. Andrew Ramcharan’s distinguished career is marked by his significant contributions to corporate development, mining and exploration, project evaluation, and investment banking. As manager of Corporate Development at IAMGOLD, he was instrumental in numerous transactions. During his tenure at SRK Consulting in Colorado, Dr. Ramcharan was a pivotal contributor to the success of significant uranium companies including UraMin which Areva acquired for $2.5 billion in 2007.
His expertise extends to investment banking and corporate finance, where he has held senior positions at Sprott Consulting and Resource Capital Funds. He executed more than 300 project evaluations in these roles and managed numerous debt and equity financings. As executive vice president of Corporate Development and Investor Relations at Roscan Gold, he assisted in growing the company multiple folds in less than 12 months and assisted in raising more than $40 million.
Dr. Ramcharan’s academic background is equally impressive. He holds a Ph.D. and M.Sc. in Mining Engineering, with prestigious academic credentials from the Colorado School of Mines, the University of Leoben, and the Harvard Business School Continuing Education Program. He is a licensed Professional Engineer (P.Eng.) in Ontario, a Registered Member of The Society for Mining, Metallurgy and Exploration (SME) in the USA, and a Fellow of both The Australasian Institute of Mining and Metallurgy (AusIMM) and The South African Institute of Mining and Metallurgy (SAIMM).
Avalon Advanced Materials is a Canadian advanced manufacturing company focused on vertically integrating the Ontario lithium supply chain. The company, through its joint venture with SCR-Sibelco NV, is currently developing its separation rapids lithium deposit near Kenora, Ontario, while also continuing to advance the Snowbank lithium and Lilypad lithium-caesium projects. Avalon is also working to develop its Nechalacho rare earths and zirconium project located in the Northwest Territories. This deposit contains critical minerals for use in advanced technologies in the communications and defense industries among other sectors. In addition to these upstream activities, Avalon is executing on a key initiative to develop Ontario’s first midstream lithium hydroxide processing facility in Thunder Bay, Ontario, a vital link bridging the lithium resources of the north with the downstream EV battery manufacturing base in the south.
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