Exciting times ahead for Avalon.As long term investor in Avalon know they have a non binding off-take agreement
with Lepidico of Austrailia to supply feed stock from their flagship discovery at Separation Rapids to Lepidicos plant proposed in Sudbury Canada.
Recently Lepidico announced the merger of Desert Lion scheduled to close mid July.
Previous to this MA announcement the world largest chemical company BASF closed a non binding off-take agreement with. Desert Lion.
Lepidico is planning to start with P1 plant in Abu Daby and P2 plant in Sudbury.
With Avalon Separation Rapids minerals resource update and the company's close proximity of Sudbury one can conclude that great thing are about to come our way.
BASF had the offtake with DLI, makes you wonder why BASF would want an offtake with DLI ....why not the big 4? Unless BASF knew the DLI and LPD plans beforehand ?
Exciting times ahead for all LPD holders and should Avalon become LPDs supplier of feedstock for P2 plant in Sudbury, likewise for AVL stockholders. BASF is well known for its superior supply chain management... https://www.forbes.com/sites/stevebanker/2018/09/18/one-of-the-worlds-most-innovative-supply-chains/#7f56b2385fae https://www.edisongroup.com/edison-tv/executive-interview-lepidico/
https://globenewswire.com/news-release/2019/04/02/1794975/0/en/Desert-Lion-Energy-Announces-Nonbinding-Offtake-Agreement-with-BASF.html