Announced the completion of an updated Mineral Resource Estimate for the wholly-owned Basal Zone of the Nechalacho Rare Earth Elements Project, located approximately 110 kilometers southeast of Yellowknife, Northwest Territories. The Basal Zone is a deeper mineralized zone underlying the near-surface Upper Zone and formed the basis of the Company's 2013 Definitive Feasibility Study prepared under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects and CIM standards at that time. Avalon Advanced Materials Inc. shares T.AVL are trading down $0.09 at $4.91.

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