The 2021 Tajogaite eruption was marked by intense pyroclastic fallout that covered a substantial portion of La Palma island, with maximum thicknesses in the central-western part. This, combined with lava flows, resulted in widespread damage to public and private properties. In this study, we investigated if volcanic ash from this eruption could serve as a raw material in the synthesis of alkali activated materials (AAMs) and contribute to the construction of eco-friendly buildings and the restoration of those damaged by the eruption. Volcanic ash-based AAMs were synthesized using NaOH and Na2SiO3 as alkaline solutions and by adding metakaolin to enhance ash reactivity and enable processing at ambient temperatures. Lightweight porous AAMs were also produced using H2O2 and metallic aluminum as foaming agents. Chemical, textural, physical, and mechanical analyses on the final products assessed their suitability as environmentally friendly materials to be used in the reconstruction of the island infrastructure, opening new perspectives on recovery actions that can be undertaken after disastrous eruptions. Of all the islands in the Canary Archipelago, La Palma has experienced the highest number of eruptions (8) in historical times, all of which showing considerable similarity in terms of eruptive mechanisms and composition to the most recent Tajogaite event. Although this study investigated fresh Tajogaite ash, similar perspectives can be envisaged for both other recent eruptions at La Palma and other similar volcanic scenarios worldwide.