The Toronto Stock Exchange reports that Avalon Advanced Materials Inc. has rolled back its common shares on a one-new-for-180-old basis, effective at the open on July 13, 2026. According to the TSX, the shares will continue trading under the symbol AVL. The new Cusip number is 05337L 50 2.

The TSX notes that no fractional shares will be issued. Fractional entitlements will be rounded down to the next whole common share and the shareholder will be entitled to a cash payment in lieu of such fractional entitlement equal to the closing price of the shares on the TSX on the last trading day prior to the effective date of the stock consolidation multiplied by such fractional entitlement. Shareholders must return the letter of transmittal together with share certificates to TSX Trust Company at its principal office in Toronto.