Avalon Reports Increase in Indicated Resources in the Nechalacho Rare Earth Elements Deposit

- January 27th, 2011

Avalon Rare Metals Inc. (TSE:AVL,AMEX:AVL) updates on development work on the Nechalacho Rare Earth Elements deposit, Thor Lake.

Avalon Rare Metals Inc. (TSX:AVL,AMEX:AVL) updates on development work on the Nechalacho Rare Earth Elements deposit, Thor Lake.

The press release is quoted as saying:

Avalon Rare Metals Inc. 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.

Click here to access the entire press release

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