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Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) provided a corporate update for 2012 and all the initiatives the Company completed, as well as disclosing their strategic objectives for 2013. The Company succeeded in advancing initiatives in 2012, such as engaging Asiarudproject CJSC for the engineering of a new mine complex design, analyzing 2,860.8 meters of drill core from 11 core holes at the Kutessay II deposit, and successfully testing an environmentally friendly technology for extracting thorium and radium from Kutessay II RE concentrates, yielding a greater rare earth recovery.
As quoted in the press release:
Based on the positive outcome of the 2012 program, the Company is planning engineering and field programs in 2013 to resume fast-tracking production at Kutessay II.
Stans Energy Corp. COO, Boris Aryev said:
Stans Energy Corp is eager to resume its pace of infrastructure and engineering development of the project. The company is commencing Pilot Plant Testing on proven, and improved upon milling, and cracking methods, while adding an innovative, selective REO separation process. Our strategic advantage in developing and proving REO technologies will allow the company to maintain a stronger treasury balance, while focusing expenditures on project and infrastructure development, instead of constant metallurgical testing on unproven REO extraction methods. Despite current uncertainty in capital markets, we remain steadfast on proving that the Kutessay II HREE mine is an excellent option for end-users to obtain a secure, non-Chinese HREE source. Implementation of our recent technological advancements in rare earth cracking and separation technologies at the Kashka Rare Earth Plant will demonstrate the Company’s progress towards being a leader in the Heavy Rare Earth sector, both to potential partners and to the market.
Click here to read the Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) press release
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