We study metal ammonia solutions using a generalized Kimball-Falicov m
odel. The lattice model contains a fluid-fluid interaction term and an
electron-fluid interaction with a hard core and an attractive tail. W
e derive the phase diagram using a strong-coupling mean field theory b
ased on the slave boson approach to the Hubbard model. The attractive
force favors the homogeneous phase and a regime where electrons locali
ze in cavities devoid of fluid particles over phase separation. The Ga
ussian fluctuations suggest the existence of bicontinuous channels per
colating through the system. Comparisons with experiments and computer
simulations are presented.