Avalon Appoints HCF as Financial Advisor for Nechalacho

October 24, 2012

Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL)(NYSE Amex:AVL) (“Avalon” or the “Company”) is pleased to announce that it has appointed London-based HCF International Advisers Ltd. (“HCF”) as its advisor for the financing of the Nechalacho Rare Earth Element Project, Thor Lake, NWT, Canada (the “Project”).

HCF is a leading independent corporate finance advisory boutique focused on the metals and mining sector worldwide. HCF sources funding for mining and other projects to support their development from the early stages through to commercial operation. HCF provides assistance to its clients in raising equity funding through strategic investment from industry participants and from mining-focused financial investors. As one of the few specialist independent advisors in the world, HCF also assists its clients in securing debt funding, in particular limited recourse project finance through the involvement of multilateral institutions, government-sponsored agencies and commercial banks.

HCF will take on the role of global coordinator of Avalon’s efforts to finalize strategic partnerships and commercial off-take agreements and to secure debt financing for the Project and, to that end, will work closely with RCI Capital Group Inc., Avalon’s existing advisor in the Asian market.

HCF will also be developing relationships with potential project finance lenders, including commercial banks and government-sponsored agencies, in anticipation of the completion of the feasibility study on the Project in the second quarter of 2013.

Don Bubar, President and CEO remarked that “We are delighted to have retained a leading international corporate finance advisor with specific expertise in the global metals and mining sector. HCF’s extensive experience in both investment banking and strategic advisory work in this sector will be key in enhancing or identifying all of the relationships that Avalon will need to finalize the construction plan for the Project.”


Media

Avalon Appoints HCF as Financial Advisor for Nechalacho

Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL)(NYSE Amex:AVL) (“Avalon” or the “Company”) is pleased to announce that it has appointed London-based HCF International Advisers Ltd. (“HCF”) as its advisor for the financing of the Nechalacho Rare Earth Element Project, Thor Lake, NWT, Canada (the “Project”).

HCF is a leading independent corporate finance advisory boutique focused on the metals and mining sector worldwide. HCF sources funding for mining and other projects to support their development from the early stages through to commercial operation. HCF provides assistance to its clients in raising equity funding through strategic investment from industry participants and from mining-focused financial investors. As one of the few specialist independent advisors in the world, HCF also assists its clients in securing debt funding, in particular limited recourse project finance through the involvement of multilateral institutions, government-sponsored agencies and commercial banks.

HCF will take on the role of global coordinator of Avalon’s efforts to finalize strategic partnerships and commercial off-take agreements and to secure debt financing for the Project and, to that end, will work closely with RCI Capital Group Inc., Avalon’s existing advisor in the Asian market.

HCF will also be developing relationships with potential project finance lenders, including commercial banks and government-sponsored agencies, in anticipation of the completion of the feasibility study on the Project in the second quarter of 2013.

Don Bubar, President and CEO remarked that “We are delighted to have retained a leading international corporate finance advisor with specific expertise in the global metals and mining sector. HCF’s extensive experience in both investment banking and strategic advisory work in this sector will be key in enhancing or identifying all of the relationships that Avalon will need to finalize the construction plan for the Project.”