Client Work

SCR-Sibelco NV announces strategic joint venture with Avalon Advanced Materials Inc.

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Overview

Client

SCR-Sibelco NV

Closed November 2023

On November 9, 2023, SCR-Sibelco NV (“Sibelco”), a Belgian based global material solutions company closed a joint venture transaction with Avalon Advanced Materials Inc. (“Avalon”)

The new joint venture company Separation Rapids Ltd., 60% owned by Sibelco and 40% owned by Avalon, will work to advance mining operations in Fort Hope, Ontario and Kenora, Ontario, respectively. Sibelco is responsible for the first approximately C$50 million of operation expenditures.

Fasken advised Sibelco with a team led by Nancy Eastman and Brian Graves which included Brad Freelan, John Turner, Dyna Zekaoui, Gagan Lamba, Karen Kai-Lun Yao, Josh Hersh, Zach Austin, Chris Steeves, Tracy Wong (paralegal), Allyson Roy, Aaron Stefan, Paul Casuccio, Puyang Zhao, Robin Spillette, Huy Do, Sophie Langlois, Anthony Panacci, Adam Lewinberg, Michael J. Bourassa, ZiChen Gao, Rosalind H. Cooper

Jurisdictions

Canada
Ontario
Belgium

Team

Nancy Eastman, Partner, Toronto, ON, +1 416 865 4387, neastman@fasken.com
Brian Graves, Partner, Toronto, ON, +1 416 865 4517, bgraves@fasken.com
Bradley A. Freelan, Partner, Toronto, ON, +1 416 865 4423, bfreelan@fasken.com
John S.M. Turner, Partner | Co-Leader, Global Mining Group and Capital Markets and Mergers & Acquisitions (CM and M&A) Group Chair, Toronto, ON, +1 416 865 4380, jturner@fasken.com
Dyna Zekaoui, Business Advisor, Ottawa, ON, +1 416 865 4400, dzekaoui@fasken.com
Zach Austin, Partner, Toronto, ON, +1 416 865 4375, zaustin@fasken.com
Christopher Steeves, Partner | Leader, Tax Law, Toronto, ON, +1 416 868 3401, csteeves@fasken.com
Tracy Wong, Paralegal/Law Clerk, Toronto, ON, +1 416 868 7869, trwong@fasken.com
Allyson Roy, Partner, Toronto, ON, +1 416 865 4371, aroy@fasken.com
Aaron J. Stefan, Partner, Toronto, ON, +1 416 868 3514, astefan@fasken.com
Paul V. Casuccio, Partner, Toronto, ON, +1 416 868 3491, pcasuccio@fasken.com
Puyang Zhao, Associate, Toronto, ON, +1 416 943 8801, pzhao@fasken.com
Robin Spillette, Associate, Toronto, ON, +1 416 868 7817, rspillette@fasken.com
Huy Do, Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP, Toronto, ON, +1 416 868 3505, hdo@fasken.com
Sophie Langlois, Counsel, Toronto, ON, +1 416 865 5427, slanglois@fasken.com
Anthony Panacci, Partner, Toronto, ON, +1 416 868 3402, apanacci@fasken.com
Adam Lewinberg, Partner, Toronto, ON, +1 416 865 4512, alewinberg@fasken.com
Michael J. Bourassa, Partner, Toronto, ON, +1 416 865 5455, mbourassa@fasken.com
ZiChen Gao, Associate, Toronto, ON, +1 416 868 3346, zgao@fasken.com
Rosalind H. Cooper, Partner, Toronto, ON, +1 416 865 5127, rcooper@fasken.com