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15/12/2011

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

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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
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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
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Avalon Rare Metals to list on NYSE Amex Exchange

2nd Dec 2010, 9:47 am

Avalon Rare Metals  (TSX:AVL, OTCQX:AVARF) said it has applied to list on the New York Amex Exchange - a move designed to increase the company's liquidity.

The company said that there are a number of conditions it must satisfy before listing, and that it expects the process to take approximately four to six weeks.

"Listing of the company's shares in the United States will better accommodate the growing interest amongst American investors in Avalon's rare metals business. A full US Stock Exchange listing will facilitate greater participation by US investors and will likely result in increased liquidity for shareholders generally," said president Don Bubar.

Separately, the company today said it filed its audited annual financial statements for the year ending August 31, 2010, and the statements can now be viewed on www.sedar.com.

Avalon's flagship project is the 100%-owned Nechalacho Deposit in Thor Lake, NWT. the property's is enriched with more 'heavy' rare earth elements, which are key to allowing advances in green energy technology and other growing high-tech applications.

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