Stans Now Able to Apply for Government Grants of Up to US$2.85 Million

Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) announced that DIDIM Inc., its recently incorporated subsidiary, is “an approved resident company of the Skolkovo Foundation.” That means Stans can now apply for government grants of up to about US$2.85 million for individual technical projects.

As quoted in the press release:

The Skolkovo Foundation’s goal is to turn cutting-edge research into commercially viable products of global relevance by creating a unique global hub for innovation and an ecosystem of entrepreneurs and talent. With a $3.9 billion budget, over 1,000 companies and start- ups, three Nobel Laureates and hosting world-renowned scientists, the Skolkovo Innovation Center is Russia’s largest supporter of innovation and a new global technology hub. Over 1,000 companies focused on innovation have joined these clusters after having been rigorously screened through a competitive process calling upon an international panel of business and science review experts. More than 200 companies have already benefitted from research grants ranging between $50,000 and $10 million, for a total of $300 million worth of grants made to date.

These research grants will be used by the Company to develop intellectual property for rare earth and metals processing technologies. These technologies will then be used by Stans for the development of rare earth based products and other commodities in the Russian Federation and worldwide. Stans has already funded a substantial amount of research and development to support the latest technology in processing rare earth ores to recover and refine rare earths and related products. These grants will be used to continue the Company’s efforts.

Click here to read the full Stans Energy Corp. (TSXV:HRE,OTCQX:HREEF) press release.