Avalon Ventures

Avalon Advanced Materials Inc

(formerly Avalon Rare Metals Inc.)
Type	Public
Traded as	: AVL
Industry	Metals & Mining
Headquarters	Toronto, Ontario, Canada
Key people	Donald S. Bubar (President & CEO) Jim Andersen (VP Finance, Corporate Secretary & CFO) David Marsh (SVP, Metallurgy & Technology Development) Bill Mercer (VP, Exploration) Pierre Neatby (VP, Marketing) Mark Wiseman (VP, Sustainability)
Products	Lithium, Petalite, Tantalum, Cesium, Calcium Feldspar, Indium, Tin, Rare Earth Elements
Website	www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc. (formerly Avalon Rare Metals Inc.) is a Canadian mineral development company with a primary focus on the rare metals and minerals, headquartered in Toronto, Ontario, Canada. Avalon specializes in niche market metals and minerals with growing demand in new technology. Avalon’s principal assets are its 100% owned Nechalacho Project (Yellowknife, Northwest Territories), Separation Rapids (near Minaki, Ontario), East Kemptville, Nova Scotia, Miramichi (New Brunswick), Lilypad Lakes (near Ignace, Ontario), and Warren Township (Ontario).

Avalon is listed on the under the symbol "AVL" and on the OTCQX market under the symbol "AVLNF."

Avalon’s Nechalacho Rare Earth Elements Deposit, located 100 km southeast of Yellowknife in the Northwest Territories, Canada. The Nechalacho Deposit contains the more valuable HREE such as europium, terbium, and dysprosium, along with neodymium. Avalon completed a Feasibility Study in April 2013, focused on defining high-grade, HREE-rich resources in the large Basal Zone of the deposit.

On July 29, 2013, the Mackenzie Valley Environmental Impact Review Board ("MVEIRB") completed its Report of Environmental Assessment and recommended approval of the Nechalacho Project. On November 4, 2013, the Federal government approved the Project, allowing the Company to proceed with formal applications for the required land use permits and water licenses to MVEIRB.

Avalon is currently monitoring the rare earths market and new research into rare earth extraction techniques that can reduce both operating costs and capital costs. Renewed work on the project is contingent upon recovery in demand and pricing for rare earths and lower capital costs.

The Nechalacho Project at Thor Lake is situated in an area known as the Akaitcho Territory which is subject to a comprehensive land claim negotiation between several communities of the Dene Nation and Canada's federal government. In 2012, Avalon completed an Accommodation Agreement with the Deninu Kue First Nation. The Accommodation Agreement provides business and employment opportunities for the Deninu Kue related to the project and contains measures to mitigate environmental and cultural impacts that may result from the project development. In February 2014, the company signed a Participation Agreement with the Northwest Territory Metis Nation.