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January 29, 2013
16:34 EDTAVLAvalon Rare Metals: Nechalacho Project FS study on track for Q2 completion
Avalon Rare Metals is pleased to provide a progress report on the company's Feasibility Study and related work on the Nechalacho Rare Earth Elements Project at Thor Lake, NWT. The Feasibility Study, FS, for the project, including the operations at Thor Lake and Pine Point, NWT and Geismar Louisiana remains on schedule for completion in Q2 2013.
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October 8, 2014
11:38 EDTAVLAvalon Rare Metals provides update on Nechalacho rare earth elements project
Avalon Rare Metals is pleased to report on recent progress at its 100% owned Nechalacho Rare Earth Elements Project located at Thor Lake in the Northwest Territories, Canada. Most of the technical work programs planned to optimize the 2013 Feasibility Study have been completed and an updated feasibility study is in preparation. Completion of this study awaits a decision on a location for the hydrometallurgical plant and revised cost estimates for this facility. The only significant technical work remaining is to carry out a pilot plant trial of the new hydrometallurgical process flowsheet to finalize engineering and plant design criteria. A bulk sample of Basal Zone material required for this work has been recovered and the trial will proceed once arrangements with a suitable facility are confirmed and the funding required is in place. Efforts to arrange Project financing and product off-take agreements continue along with Project implementation planning and permitting. Depressed commodity prices generally and reduced demand for rare earths in particular, have made accessing capital for large scale resource development projects like Nechalacho very challenging in recent months. However, the Company remains optimistic that rare earth demand will recover sufficiently in 2015 to attract Project financing and allow construction work to begin by next summer.

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