Toronto, ON -- Avalon Rare Metals Inc.
(TSX:AVL, OTCQX:AVARF) ("Avalon" or the "Company") is
pleased to announce that effective today the Company is included in
Standard & Poor's Canadian Index Operations' ("S&P
Indices") S&P-TSX Global Mining Index and also the S&P-TSX
Base Metals Index.
S&P Indices, a part of
McGraw-Hill Financial, is the world's leading index provider maintaining
a wide variety of investable and benchmark indices. Over $1.25 trillion
is directly indexed to Standard & Poor's family of indices, which
includes the S&P 500, the world's most followed stock market index,
the S&P/Case-Shiller Home Price Indices,
the leading measure of U.S. home prices, the S&P Global BMI, an index
with approximately 11,000 constituents, the S&P GSCI, the industry's
most closely-watched commodities index and the S&P National AMT-Free
Municipal Bond Index, the premier investable index for U.S. municipal
bonds. For more information, please visit www.standardandpoors.com/indices .
Don Bubar, President and CEO of
Avalon, stated: "We are very pleased to be included in these
respected S&P Indices. They provide Avalon with global recognition
and bring credibility to our role in the mining sector, as we evolve from
an exploration company to a developer, on our way to achieving our goal
of becoming aprofitable producer of rare metals and minerals."
About Avalon Rare Metals Inc. (TSX:AVL, OTCQX:AVARF)
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. 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.
Shares Outstanding:
92,391,470. Cash resources: approximately $39 million.
To find out more about Avalon Rare
Metals Inc., please visit our website at www.avalonraremetals..com. For questions and feedback,
please e-mail the Company at ir@avalonraremetals.com or phone Don Bubar, President at 416-364-4938.
This news release contains
forward-looking information and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results
to differ materially from those projected in the forward-looking information.
Forward-looking information is based on the opinions and estimates of
management at the date the information is given, and is subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the
forward-looking information. The forward-looking information contained
herein is given as of the date hereof and the Company assumes no
responsibility to update or revise such information to reflect new events
or circumstances, except as required by law.
|