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TORONTO, ONTARIO--(Marketwire - June 16, 2011) - Avalon Rare Metals Inc. (TSX:AVL)(NYSE Amex:AVL) ("Avalon" or the "Company") is pleased to announce that it has now entered into a Negotiation Agreement with the Lutsel K'e Dene First Nation ("Lutsel K'e") regarding the development of the Nechalacho rare earth elements deposit, Thor Lake, NWT (the "Project"). This Negotiation Agreement is similar to the agreements Avalon has entered into with the Yellowknives Dene First Nation (News Release # 10-27 December 8, 2010), and the Deninu Ku'e First Nation (News Release #11-02 February 8, 2011), the two other Akaitcho Territory First Nations impacted by the proposed development. |
