Avalon Enters into Rare Earth Refining Agreement and Strategic Partnership
4 March 2014
TORONTO, ONTARIO--(Marketwired - March 3, 2014) - Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL) ("Avalon" or the "Company") is pleased to announce that it has entered into an agreement with Solvay, to have Solvay process Avalon's rare earth concentrate into pure rare earth oxides for an anticipated period of 10 years from the start of deliveries to Solvay's rare earth separation and refining plant located in La Rochelle, France (the "Tolling Agreement"). In addition, effective immediately, Solvay will provide Avalon with technical support for the further design optimization, engineering and commissioning of Avalon's hydrometallurgical processing plant.TORONTO, ONTARIO--(Marketwired - March 3, 2014) - Avalon Rare Metals Inc. (TSX:AVL)(NYSE MKT:AVL) ("Avalon" or the "Company") is pleased to announce that it has entered into an agreement with Solvay, to have Solvay process Avalon's rare earth concentrate into pure rare earth oxides for an anticipated period of 10 years from the start of deliveries to Solvay's rare earth separation and refining plant located in La Rochelle, France (the "Tolling Agreement"). In addition, effective immediately, Solvay will provide Avalon with technical support for the further design optimization, engineering and commissioning of Avalon's hydrometallurgical processing plant.