Avalon Rare Metals Inc. (TSE:AVL) (OTCQX:AVARF) announced today that it has filed a short form preliminary prospectus with the securities regulators in each of the Provinces of Canada, pursuant to which the Company proposes to complete an offering of units of the Company upon terms to be determined in the context of the market.
Australian Market Report of September 13, includes: Arafura Resources Limited (ASX:ARU) has successful produced commercial quality separated Rare Earth Oxides; ABM Resources NL (ASX:ABU) announced Best gold intersections at the Buccaneer Gold Porphyry Prospect; John Holland, a wholly owned subsidiary of Leighton Holdings Limited (ASX:LEI), has been awarded a A$276 million marine contract; Austpac Resources N. L (ASX:APG) has signed an agreement with CMC Cometals Australia for the supply of raw materials.
Avalon Rare Metals Inc. (TSX:AVL, OTCQX:AVARF) ("Avalon" or the "Company") is pleased to provide an update on the Inferred and Indicated Mineral Resources reflecting the results from the 2010 winter drilling program on its Nechalacho rare earth elements ("REE") deposit, Thor Lake, Northwest Territories, Canada.
Australian Market Report of September 6, 2010 includes; Lynas Corporation (ASX:LYC) significant increase in the Mineral Resource estimate for the deposit with elevated heavy Rare Earths oxides, Pike River Coal (NZE:PRC) second export shipment scheduled to depart Port of Lyttelton for India, Southern Uranium (ASX:SNU) has located new high-grade iron outcrops that further advance the iron ore prospects of the company and Jatoil Limited (ASX:JAT) entered into a Heads of Agreement to acquire significant coal assets in Kalimantan, Indonesia.
Australian Market Report of September 3, 2010 includes; Dart Energy Limited (ASX:DTE) advanced plans to create a global coal bed methane company, Northern Uranium Limited (ASX:NTU) (PINK:NOURF) renounceable rights to raise approximately A$6.6 million, Further exploration drilling and geophysical surveys at Magma Metals Limited (ASX:MMW) (TSE:MMW) Thunder Bay North project and Castle Minerals Limited (ASX:CDT) infill soil geochemical sampling testing the Koda Hill target.
The Australian market opened firmer on Thursday as Wall Street ended its losing streak overnight. The broader All Ordinaries Index rose 0.57 per cent shortly after the opening bell.
Avalon Rare Metals Inc. (TSE:AVL) (OTCQX:AVARF) announce in our ongoing efforts to provide you with broader communications and industry information, we are pleased to issue this Industry Bulletin which reports on rapidly rising prices for the full range of rare earth element oxides. These significant price increases are in most part attributable to China's recent decision to impose a further reduction of rare earth export quotas, compounded by rising demand for these elements outside China as consumers scramble to secure supplies.
