Stans Energy Corp. Acquires Past-Producing Heavy Rare Earth Processing Facility and Rail Terminal

Stans Energy Corp. (TSXV:RUU) reports that it has reached an exclusive agreement with the majority owners of the Kyrgyz Chemical Metallurgical Plant (KCMP) to purchase 100% of  KCMP’s Rare Earth (RE) processing complex.

The press release is quoted as saying:

For almost three decades this facility produced 80% of the former Soviet Union’s RE products.  The RE processing complex and the rail terminal were used to produce and transport materials, equipment, chemicals and final product to and from markets when the Kutessay II RE mine was last in production.  The Kutessay II mine is now 100% owned by Stans Energy.  At that time the processing facilities comprised of four individual plants that were part of a much larger industrial complex.

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