Stans Energy Receives Working Draft of Preliminary Feasibility Study

Stans Energy Corp.(TSXV:HRE) announced that it has received a working draft of its new preliminary feasibility study. The Company also announced that a new consultant has been employed to assist with off-take negotiations. It also reported on recent meetings with Kyrgyz and Russian government officials.

As quoted in the press release:

The Preliminary Feasibility Study is currently under review at The Russian Leading Institute of Chemical Technology (VNIIHT). Under the guidance of Dr. Valery Kosynkin, the scientists at VNIIHT will be reviewing and if necessary removing all references of proprietary technologies and processes that will be used at the Kashka Rare Earth Processing Plant (KRP). A fundamental challenge to all new Rare Earth projects worldwide is developing technology for recovery and preparation of useful forms of the Rare Earth elements.

Stans Energy, Director and COO, Boris Aryev, said:

With VNIIHT being a government sponsored agency, namely a division of Russian state-controlled Rosatom, and the participation of the Russian Trade Commissioner in our recent meetings demonstrated to Kyrgyz officials the high level of Russian Government support that Stans Energy enjoys. Our recent submission of documents in satisfaction of the Licensing Agreement is another important milestone that needs to be addressed for us to continue to fast track plans for resumption of production at Kutessay II. Stans Energy will continue to work closely with the Kyrgyz State Geological Agency to satisfy all conditions of the Licensing Agreement, and the strong levels of international support demonstrates the critical nature of the project to all stakeholders and potential partners.

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