AVALON INDUSTRY BULLETIN: Avalon Comments on the Canadian Rare Earth Element Network Appearance before House of Commons Finance Committee in Ottawa

21 October 2014

On October 7, 2014, the House of Commons Standing Committee on Finance (“the Committee’) had the opportunity to hear from the Canadian Rare Earth Element Network (“CREEN”) as part of Pre-budget Consultations 2014.

The goal was to inform the Committee and the Canadian Government about a compelling opportunity for the strategic and economic benefit of Canada. To effectively communicate the substance of the opportunity, CREEN (represented by its Chair, Ian London), highlighted three key messages:

1. Canada has the real opportunity to secure a leadership position and its commensurate economic benefits in the global rare earth supply chain outside China. Canada has the best undeveloped rare earth resources and some of the most advanced development projects in the world.
2. There are challenges unique to rare earth projects that must and can be resolved through collaboration to enable industry to bring them into production.
3. Government support through research, innovation and demonstration is necessary if Canada is to compete effectively with other countries with similar aspirations and capitalize on the unique opportunity that Canada’s rich mineral endowment provides.

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