Stans Energy Corp. (TSXV:HRE) announced the signing of an exclusive option on the existing Aktyuz mill used for the beneficiation of Kutesay II rare earths ores.
As quoted in the press release:
This exclusive option will allow for Stans to conduct complete technical, economic and environmental assessments of the milling facility, which should be completed by March 31, 2012. Upon completion of successful due diligence, negotiations will commence with the current ownership to establish agreeable terms for both parties.
Stans has also secured a life of mine lease for a 365-hectare package of land comprising its license area at the Kutesay II and Kalesay deposits. The land package consisting of two orders; #436-P, #437-P has been ratified by both the Kemin Administration of Land Management and the town council of the village of Aktyuz and registered with the Federal Government.