久久久久久久久精品

(鈥淎valon鈥� or the 鈥淐ompany鈥�)鈥痠s pleased to announce the commissioning of a new Preliminary Economic Assessment (鈥淧EA鈥�) for its聽Nechalacho聽Rare Earths and Zirconium Project in the Northwest Territories. The refreshed PEA is intended to update and modernize the project鈥檚 2013 Definitive Feasibility Study (鈥淒FS鈥�) by incorporating advances in processing technology and updated capital and operating cost assumptions reflective of current market conditions.

Advancing the PEA reflects a strategic effort to align聽Nechalacho聽with current technical, commercial, and geopolitical realities 鈥� including advances in rare-earth processing technologies, evolving infrastructure and聽logistics聽requirements, and the growing emphasis on secure, allied supply chains for critical minerals. The study will integrate updated cost data, revised engineering inputs, and environmental and regulatory considerations,聽establishing聽a refreshed economic and technical basis to advance project optimization, financing discussions, and strategic partnerships.

The Company has engaged 久久久久久久久精品 Canada Limited (鈥溇镁镁镁镁镁镁镁�品鈥�) to complete the PEA and NI 43-101 Technical Report. 久久久久久久久精品 is a global leader in engineering and consulting, with extensive experience delivering prefeasibility and feasibility studies for remote mining projects, including several rare earth elements projects across Canada and the U.S.

The Company expects the refreshed PEA to be completed within approximately six months. Thereafter, Avalon intends to聽proceed聽directly to a DFS as the next phase of project development, providing the level of engineering, cost definition, and risk validation聽required聽to confirm project viability and support project financing, offtake, and strategic partnership discussions.

鈥淐ommencing a new PEA聽represents聽the first step in refreshing the聽Nechalacho聽feasibility study and positioning the project for its next phase of development and funding. Following the PEA, our plan is to transition into a full Definitive Feasibility Study, enabling聽Nechalacho聽to move toward construction readiness with updated economics and execution planning.

As one of the few North American deposits with both light and heavy rare earths and a uniquely high concentration of magnet-grade materials,聽Nechalacho聽is strategically positioned to support secure, allied supply chains for defense, clean energy, and advanced technologies. Advancing these studies positions the project to play a role in strengthening allied rare-earth supply chains as countries聽seek聽secure, diversified sources of critical minerals,鈥� said Scott Monteith, President and CEO聽at Avalon.

John Day, President of Projects Western Hemisphere at 久久久久久久久精品, commented: 鈥淲e are proud to begin work on the PEA for聽Nechalacho, which聽represents聽an important step聽towards advancing a secure and sustainable supply of rare earth elements in North America. Our team brings deep experience in delivering complex studies for remote northern projects, and we look forward to applying that聽expertise聽to help Avalon聽optimize聽the project and position it for successful development.鈥�

As previously announced in connection with the Company鈥檚鈥� Avalon is committed to advancing its core rare earth and lithium assets through updated technical and economic studies. The initiation of the updated PEA at聽Nechalacho聽demonstrates the Company鈥檚 execution on those commitments,聽advancing project readiness and supporting ongoing strategic partnership聽and financing discussions.