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HUD Hudson Resources Inc

0.03
0.00 (0.00%)
27 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hudson Resources Inc TSXV:HUD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.03 0.025 0.035 0 01:00:00

Hudson Initiates Mining Application for Its White Mountain Anorthosite Project in Greenland

02/05/2014 2:00pm

Marketwired Canada


HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE:HUD)(OTCQX:HUDRF) is
pleased to announce that it has filed the necessary documents with the
Government of Greenland to initiate the application procedure to obtain a mining
license for the White Mountain Anorthosite Project.


Hudson has submitted the Environmental Impact Assessment (EIA), Socio-economic
Impact Assessment (SIA) and technical report with the Mineral License and Safety
Authority of Greenland ("MLSA", formerly the Bureau of Minerals and Petroleum).
The EIA and SIA reports were completed by Inuplan A/S of Greenland and Golder
Associates Ltd. The technical report was completed by Hains Engineering Company
Limited. The license application is for the construction and operation of a
285,000 tonne per year open pit mine, three stage crushing facility and port to
provide feed material to E-glass fiberglass companies in Europe, North America
and Asia. The project has a small environmental footprint and does not use any
water or chemicals in the processing of the anorthosite. The project would
generate approximately 50 full time jobs in Greenland.


"We are very excited to achieve this milestone with the White Mountain project"
stated James Tuer, President of Hudson. "By submitting the necessary documents,
this commences the application process for our mining license at White Mountain.
Based on our community meetings to date, we have tremendous support from local
communities and we look forward to working with them in the development and
operation of this project."


White Mountain Project 

The White Mountain Anorthosite project is owned 100% by Hudson and is located on
the Company's Naajat Exploration Licence. The project is 80 km south-west of
Kangerlussuaq, Greenland's international airport, and is adjacent to tidewater
on the Sondrestrom fjord. The White Mountain anorthosite deposit is unique in
that it has high concentrations of aluminum, silica and calcium with low sodium
and no other contaminants.


Hudson has determined that the characteristics of this calcium feldspar rock has
three potential high-value applications which are being investigated, as
follows:




1.  A new source of feedstock to the high-end fiberglass (E-glass) industry;
    
2.  A new source of alumina to supply aluminum smelters
    
3.  A new source of filler material. Fillers are a significant component of
    the plastics, paints and paper industries. 



Hudson has entered into confidentiality agreements with a number of key industry
players in the E-glass and industrial mineral filler markets to investigate the
application of this material to their product lines. Testwork is ongoing at SGS
Lakefield to further refine the alumina flowsheet.


ON BEHALF OF THE BOARD OF DIRECTORS

James Tuer, President

Forward-Looking Statements 

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this news
release, including, without limitation, statements regarding plans for the
completion of a financing and the intended terms and use of proceeds thereof,
and other future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's plans or expectations include market prices, general economic, market
or business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators. The Company
expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hudson Resources Inc.
James Tuer
President
604-628-5002 or 604-688-3415
tuer@hudsonresources.ca
www.hudsonresources.ca

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