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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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Avalon Advanced Materials  / Equity Bottom-Up

<div><ul><li>Resource update resets the narrative. Avalon’s updated mineral resource estimate (MRE) has confirmed that Nechalacho remains one of the largest advanced rare earth development projects in North America while substantially expanding its long-term resource inventory. </li><li>The update removes lingering questions with respect to the project’s geological relevance and shifts attention toward economics and execution rather than resource scale.</li><li>Strategic value extends beyond headline grade. Unlike many Western REE projects that are primarily light-REE deposits, Nechalacho offers meaningful exposure to dysprosium and terbium, two of the most supply-constrained heavy rare earths used in high-performance permanent magnets. </li></ul></div>

Resource update resets the narrative. Avalon’s updated mineral resource estimate (MRE) has confirmed that Nechalacho remains one of the largest advanced rare earth development projects in North America while substantially expanding its long-term resource inventory. The update removes lingering questions with respect to the project’s geological relevance and shifts attention toward economics and execution rather than resource scale.Strategic value extends beyond headline grade. Unlike many Western REE projects that are primarily light-REE deposits, Nechalacho offers meaningful exposure to dysprosium and terbium, two of the most supply-constrained heavy rare earths used in high-performance permanent magnets. 

AVLNF: The Market Knows the Resource; It May Not Yet Appreciate the Opportunity