Stans Energy Submits Documentation for Mining Licenses for Kyrgyzstan Rare Earth Properties

Stans Energy Corp.(TSXV:HRE) reported submitting the required documentation to the Kyrgyz Ministry of Natural Resources to gain licences for Kutessay II and Kalesay.

As quoted in the press release:

By the end of December, Stans submitted a complete report on the work done on all aspects of Kutessay II to the Kyrgyz Government. Along with this submission a request to extend the LA for a period of one year was tabled as well. The work done to date will allow Stans to proceed with the plans for Phase I development to restart mining operations at the historical Soviet levels of production.

Stans Energy, COO, Boris Aryev, stated:

Mining licenses in Kyrgyzstan are comprised of two parts: License Certificate for the term of the license, which in Stans’ case is for the period 2009 through to 2029; and a Licensing Agreement which typically are negotiated for periods of 2 to 5 years with the Kyrgyz Ministry of Natural Resources. This Licensing Agreement spells out what scope of work will be undertaken to move the project towards production.

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