Stans Closes Acquisition of KCMP Heavy Rare Earth Processing Complex

Stans Energy Corp. (TSXV:RUU) reports its closing of the acquisition of KCMP rare earth processing complex today.

The press release is quoted as saying:

Stans has hired Mr. Leonid A. Bulyonkov as a Director General of KRP. Mr. Bulyonkov started his engineering career at KCMP. During his career, Mr. Bulyonkov worked closely with the Russian Institutes VNIIHT, VIMS, GIREDMET, and IHHT. He has coordinated large scale rare metal processing operations, while supervising up to 1000 people. From 2008 to 2010, Mr. Bulyonkov worked at the Karabalta Ore Mining Complex OJSC in Kyrgyzstan, acting as Chief Engineer – Deputy Director General. Amongst his peers, Mr. Bulyonkov is recognized as a rare metals and radioactive processing specialist.

Stans Energy’s President and CEO, Robert Mackay says:

“The completion of this transaction is a crucial step towards achieving our goal of becoming a near term producer of Heavy Rare Earth Elements (HREEs). We are very fortunate to add Mr. L. Bulyonkov to our team as our Head of Operations at KRP and we are confident that he will be able to use his extensive experience to efficiently reestablish a rare earth production line at the Facility. Mr. L Bulyonkov has already initiated plans for design and capacity upgrades to KRP.”

Click here to access the entire news release.

Click here to access Stans Energy’s company profile.