Avalon may build $302m rare earths plant in southern US

TSX- and NYSE-listed Avalon Rare Metals is negotiating with landowners for two potential sites in the US for a rare-earth element separation plant to treat product from its flagship Nechalacho project, in Canada. CEO Don Bubar said that Avalon...

Avalon shares slip after equity offering priced

Avalon Rare Metals, the company that hopes to build a rare earths mine in Canada’s Northwest Territories, on Wednesday raised the amount of shares it would sell in a financing announced the previous day, and priced them at C$5.81 apiece. That...

Avalon to sell shares to fund rare earths feasibility study

Rare earths junior Avalon Rare Metals on Tuesday said it planned to sell seven-million shares to raise cash to complete a feasibility study at its Thor Lake project in Canada’s Northwest Territories. While the company said it would price the...

Avalon posts improved numbers in updated prefeas, shares gain

TSX-listed and NYSE-listed Avalon Rare Metals on Friday said an updated prefeasibility study on its Nechalacho project in the Northwest Territories had increased the projects net present value by nearly 40% to C$1,7-billion at a 10% discount...

No immediate funding needs - Avalon

TSX-listed Avalon Rare Metals, which last week issued a shelf prospectus that allows it to raise up to $500-million over the next two years from selling shares, said on Tuesday it has no immediate plans to raise funds, but will need to over the...

Avalon delays feasibility study at Canadian rare-earth project

Avalon Rare Metals on Tuesday said a feasibility at its Nechalacho project in Canada’s North West Territories could be delayed by around four months as the company does further work on a pilot plant there. “We have been pleased with the...

Avalon could sell equity stake to Asian company

TSX-listed Avalon Rare Metals CEO Don Bubar said on Monday there was a “good chance” of an Asian group buying a stake in his company to help finance its Nechalacho project in Canada’s Northwest Territories. “The anxiety levels in securing...

Avalon Rare Metals plans NYSE Amex listing

Toronto-based Avalon Rare Metals has received approval to apply for a listing of its common shares on the NYSE Amex, the firm said on Tuesday. There are still a number of conditions to be met for the listing, and the company expects the process...

Avalon talks to buyers on offtake for rare-earths mine

Avalon Rare Metals, which hopes to start up its Nechalacho project, in Canada's Northwest Territories, in late 2015, has had expressions of interest from parties in Japan, Korea, the US and Europe on potential offtake agreements, CEO Don Bubar...