The Conversation (0)
Stans Energy Corp (TSXV:HRE) announced a corporate update on the progress of its refurbishment at Kashka rare earth plant, formalization of its relationship with VNIIHT ,exploration activities at the Aktyuz Ore field and overall development of the Kutessay II and Kalesay projects.
As quoted in the press release:
Process Engineering – VNIIHT
Recently Stans finalized a framework agreement with VNIIHT that specifically outlines the short and long term joint program of activities.The agreement is for a period of three years and may be automatically extended for subsequent years. The agreement outlines the implementation of joint activities such as:
- Creation and advancement of joint science-intensive and high technology projects
- Providing experts for conducting technological and economic examination of projects, conducting market research necessary for the commercialization of research and technology developments
- Processing of various types of ore and extraction of REE and possible by-products
- Environmental Protection
- Processing technogenic waste
- Providing support in realization of joint programs in the area of education
- Development of innovative entrepreneurship based on technologies developed by the joint program
Stans Energy CEO, Boris Aryev commented:
“These recent announcements demonstrate the expertise that Stans is employing towards resuming near term production at the Aktyuz Ore Field, specifically at Kutessay II. Through our exploration program and technical partnership with VNIIHT, Stans is rapidly acquiring key assets and expertise to capitalize on the current elevated market pricing trends we see with Rare Earths. After completion of our feasibility studies, we will have a solid blueprint to realize long term value for all of our shareholders.”
Click here to read the Stans Energy (TSXV:HRE) press release.