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Message: 5N Plus and Rio Tinto Alcan in Discussions...

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5N Plus and Rio Tinto Alcan in Discussions...

posted on Oct 18, 11 12:03AM

... Regarding Development of New Primary Gallium Source

Press Release Source: 5N PLUS INC. On Friday October 14, 2011, 8:06 am EDT

MONTREAL , Oct. 14, 2011 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP.TO - News), a leading producer of specialty metal and chemical products, announces that it has signed a memorandum of understanding (″MOU″) with Rio Tinto Alcan, a global leader in the aluminum industry. This MOU will allow 5N Plus and Rio Tinto to pursue discussions regarding a project to recover gallium from an alumina production stream at Rio Tinto Alcan's Vaudreuil alumina facility, Quebec .

Jacques L'Écuyer, President and Chief Executive Officer of 5N Plus said: "We are very pleased with the scope of our discussions with Rio Tinto, and have good reason to believe that we will shortly be in a position to develop a new primary source of gallium. In light of anticipated strong growth in the demand for gallium, this new source will enable us to both strengthen our supply chain and forge a strategic partnership with Rio Tinto."

http://finance.yahoo.com/news/5N-Plus-Rio-Tinto-Alcan-cnw-490938559.html?x=0&.v=1

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