Proactiveinvestors recommends
Stocktube video
15/12/2011

Avalon Rare Metals CEO says feasibility study on target for late 2012

View full size
Additional Information
Market: TSX
Sector: General Mining - Rare Earth Minerals
EPIC: AVL
Latest Price: C$1.50  (-2.29% Descending)
52-week High: C$7.56
52-week Low: C$1.43
Market Cap: C$154.78M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Avalon Rare Metals
www.avalonraremetals.com

Avalon Rare Metals Inc. (TSX & NYSE Amex: AVL) is a mineral exploration and development company focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world. Its exceptional enrichment in the more valuable 'heavy' rare earth elements, which are key to enabling advances in green energy technology and other growing high-tech applications, is one of the few potential sources of these critical elements outside of China, currently the source of 95% of world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones. Avalon's performance on community engagement in the north earned it the 2010 PDAC Environmental and Social Responsibility Award.

 

Full Avalon Rare Metals profile here
Is AVL a Buy, Sell or Hold?Get your FREE analysis of AVL
Pdf

Avalon Rare Metals agrees to $30m public offering

16th Sep 2010, 8:19 am

Avalon Rare Metals (TSX:AVL, OTCQX:AVARF) has agreed to the terms of a $30.0 million public offering, in which the company will sell 9.24 million units at a price of C$3.25 per unit.

Each unit will consist of one common share and one-half of one share purchase warrent. Each whole warrent entitles the holder to acquire one common share at a price of C$3.60 for a period of 12 months from the closing date of the offering.

The net proceeds from the placement will be used to continue the exploration and development of the company's Thor Lake project in the Northwest Territories and for general working capital purposes.

The syndicate of underwriters was led by CIBC World Markets, and included Laurentian Bank Securities, Stonecap Securities and Canaccord Genuity.

The deal is expected to close on September 30, 2010, and is subject to certain customary conditions and regulatory approvals.

Avalon Rare Metals is focused on rare metals deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT, is emerging as one of the largest undeveloped rare earth elements resources in the world.

'Heavy' rare earth elements are key to allowing advances in green energy technology and other growing high-tech applications,

The area owned by Avalon is one of the few potential sources of these elements outside of China, currently the source of 95% of world supply.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.