Avalon may be on track to build Canada's first rare earth mine


Avalon Rare Metals (AVL +9.9%) shoots higher on a report suggesting it could build Canada's first rare earth mine, based on a stream of news recently released by AVL about its Nechalacho Rare Earth Elements Project at Thor Lake, Northwest Territories.

The news, as well as rising rare earth prices, have contributed to recent bullishness on AVL; "Investors would do well to keep Avalon on their watch list of companies considered to have the potential to turn rare earth deposits into mines."

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Comments (8)
  • gmmpa
    , contributor
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    The scope of Avalon's mining plans for rare earth is huge. If implemented it will be one of the biggest in the world. So far it has not executed but I like this CEO and have been buying it on the way down from $1.36. They recently cleared some regulatory hurtles and have changed out their current COO. Hopefully they are positioning to start mining operations to take advantage of the higher mineral prices.
    5 Aug 2013, 11:49 AM Reply Like
  • jimp
    , contributor
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    I like Quest better. QRM
    5 Aug 2013, 01:49 PM Reply Like
  • Deanhan24
    , contributor
    Comments (15) | Send Message
     
    AVL has a better CEO and vision.
    5 Aug 2013, 03:23 PM Reply Like
  • jimp
    , contributor
    Comments (710) | Send Message
     
    QRM has a better and cheaper resource.
    5 Aug 2013, 05:49 PM Reply Like
  • Deanhan24
    , contributor
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    Avalon's Nechalacho Project will be coming online. Filled with valuable Heavy Earths. Love this company.
    5 Aug 2013, 09:19 PM Reply Like
  • jimp
    , contributor
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    Avalon has a very respectable resource. But, Quest's strange lake resource has a larger percentage of heavies compared to Nechalacho.
    5 Aug 2013, 10:27 PM Reply Like
  • Deanhan24
    , contributor
    Comments (15) | Send Message
     
    We're going back and forth. I give you this- I do respect Quest. And I wish you and them well. I'm on Avalon's team. Good luck to you.
    6 Aug 2013, 12:54 AM Reply Like
  • Deanhan24
    , contributor
    Comments (15) | Send Message
     
    AVL will be opening Nechalacho, which has an abundance of the highly valuable Heavy Rares.
    6 Aug 2013, 02:03 AM Reply Like
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