Avalon Rare Earth Separation and Solvay reach "processing" agreement

March 3, 2014 , Avalon Rare Metals Company announced that it has signed an agreement with Solvay , Solvay will be separated by the French Avalon concentrate into high purity rare earth rare earth oxides from Avalon raw materials shipped to the Solvay Group in La Rochelle, France ( "processing agreement " ) separation plant began , is estimated for a period of ten years. In addition , effective immediately , will further design Solvay Avalon 's wet processing plant optimization , engineering and commissioning support

Avalon will be 98.5% of the rare earth oxide content delivery to La Rochelle in France Sowell 's separation plant , while Solvay returned praseodymium (Pr), neodymium (Nd), europium (Eu), gadolinium (Gd), terbium (Tb), dysprosium (Dy), lutetium (Lu) and yttrium (Y) of high-purity oxides , the processing agreement also provides Solvay priority to purchase these companies from Avalon high purity rare earth oxides . Sowell company to abandon the purchase of all rare earth products will be sold Avalon Company , and delivered directly from La Rochelle factory.

Avalon 's president and CEO , said: "We are very pleased to work with such experienced as Solvay become a strategic partner of rare earth refining , processing protocol significantly reduces commissioning and operation Nechalacho a separation plant project technical risks and costs associated with construction , reducing the risk of the whole project more attractive investment. In addition, reducing the risk of potential initial product delivery delays , our customers , they know they can rely on to produce Solvay they need timely delivery of quality and reliable products . We work with Solvay in environmental protection and social responsibility also reached a consensus , which further strengthens our goal to become the operator of a sustainable development "

Avalon Rare Metals Inc. is a mineral development company focused on the development of rare metal deposits in Canada .

Avalon Rare Metals Company (TSXandNYSEAMEX: AVL) in Canada, is a rare mineral resource-based development company . Its flagship project is located in the northwest region of Nico La Thor Lake project has 100 % ownership , and is one of the world's largest undeveloped rare earth mine , can develop a more valuable 'heavy' rare earth elements. The project identified resource of 10.88 million tons at a grade of 1.67% , which accounts for about 20% of the heavy rare earth .


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