Avalon Rare Metals Inc. announced unaudited consolidated earnings results for the first quarter ended November 30, 2015. For the quarter, the company reported revenue of CAD 13,895 compared to CAD 15,415 a year ago. Net loss and total comprehensive loss for the period was CAD 645,304 compared to CAD 618,872 a year ago.

Net loss before income taxes was CAD 850,948 compared to CAD 618,872 a year ago. Cash used by operating activities was CAD 820,713 compared to CAD 1,055,133 a year ago. Invest in exploration and evaluation assets was CAD 1,418,023 compared to CAD 569,212 a year ago.

Investment in property, plant and equipment was CAD 77,569 compared to CAD 1,259,436 a year ago.