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Distributed: Dec 29, 2011

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Toronto, Dec 29, 2011 (ABN Newswire) - Avalon Rare Metals Inc. (TSE:AVL) (NYSE:AVL) ("Avalon" or the "Company") is pleased to provide notice of the Company's upcoming shareholders meeting.

Annual General Meeting

The Company will hold its Annual General Meeting of Shareholders ("AGM") at 4:30 pm on Thursday, January 26, 2012, at The Toronto Board of Trade, located at 1 First Canadian Place, Toronto, Ontario. At the meeting, management will provide shareholders with an update on business activities and shareholders will be asked to approve the appointment of directors and auditors. There is no special business on the agenda.

Annual Meeting Materials

In connection with the AGM, the Company has mailed out to shareholders of record as on December 19, 2011, a copy of the Notice of Meeting, Proxy, Information Circular, 2011 Audited Consolidated Financial Statements and Management Discussion and Analysis, and President's Letter 2011. A copy of these documents may be viewed at www.sedar.com or on the Company's website at:

http://www.avalonraremetals.com/investors/financials/

Also available on the internet is a recent video of a nine minute interview conducted by ProActive Investors' Jeremy Naylor with Avalon's CEO, Don Bubar on December 14, 2011. This can be found at:

http://youtu.be/iEByCGoJwkQ

Audited Annual Financial Statements, MD&A and AIF

The Company filed its Audited Consolidated Annual Financial Statements, Management Discussion and Analysis and Annual Information Form for the fiscal year ended August 31, 2011, on November 29, 2011. These documents may be viewed at www.sedar.com. The audit was performed by McCarney Greenwood LLP who are a registered firm with the Public Company Accounting Oversight Board in the United States, a required registration for auditors of NYSE Amex listed companies.

Shares Outstanding: 103,136,986 Cash resources: approximately $60 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 and CEO at 416-364-4938.


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About Avalon Rare Metals Inc.

Avalon Rare Metals Inc. (TSE:AVL) (NYSE-MKT:AVL) is a mineral development company focused on rare metal deposits in Canada. Its flagship project, the 100%-owned Nechalacho Deposit, Thor Lake, NWT is exceptional in its large size and enrichment in the scarce 'heavy' rare earth elements, key to enabling advances in clean technology and other growing high-tech applications. With a positive feasibility study and environmental assessment completed, Nechalacho remains the most advanced potential large new source of heavy rare earths in the world outside of China, currently the source of over 95% of the world supply. Avalon is well funded, has no debt and its work programs are progressing steadily. Social responsibility and environmental stewardship are corporate cornerstones.

Contact

Avalon Rare Metals Inc.
Communications and Investor Relations
Virginia Morgan, Director
T: +1-416-364-4938
F: +1-416-364-5162
E: ir@avalonraremetals.com
WWW: www.avalonraremetals.com

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>>>              Avalon Rare Metals Inc.

  Related Industry Topics:

Financial General | Mining | Rare Earths | 

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