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Stans Energy Corp (2)
Symbol HRE
Shares Issued 157,263,986
Close 2014-02-25 C$ 0.06
Market Cap C$ 9,435,839
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Stans Energy receives Russia OK to export cracking tech

2014-02-26 13:58 ET - News Release

Mr. Rodney Irwin reports

RUSSIAN SPECIAL TECHNICAL EXPORT LICENCE GRANTED TO STANS ENERGY CORP

Stans Energy Corp. has received a special export licence from the Federal Service for Technical and Export Control (FSTEC) of the Russian Federation.

This special export licence allows for the export and use of key cracking technology by Stans Energy, which was developed by the company's Russian contractor, the Russian Research Institute of Chemical Technology (VNIIHT). This cracking technology is vital to production at the company's heavy rare earth project, Kutessay II. Cracking is an important step in the production of a concentrate free of radioactive and gangue minerals.

VNIIHT has successfully tested a contained, environmentally friendly process for extracting thorium, radium and fluorine from Kutessay II rare earth concentrates. In addition to this achievement, VNIIHT's new cracking method yielded a greater recovery of rare earths from historical concentrates -- 95 per cent at the impurity removal stage and 93 per cent at the nitrate creation stage. The final product of these tests was a 98-per-cent pure combined RE oxide (REO) nitrate solution.

The concentrate produced by the new planned plant No. 1 will be further refined through solvent extraction into individual rare earth oxides and then into pure metals. VNIIHT is currently working on new proprietary technology that will facilitate this individual separation and has already submitted three of five volumes of the separation report to Stans. The export licence for these reports was granted by FSTEC upon completion of report No. 1 through a simplified process due to the absence of nuclear materials technology involved.

Technical experts at Kashka rare earth processing (KRP) will now begin optimizing the engineering for the required flowsheet for the cracking facility, which is planned to be the new plant No. 1 at KRP. Continuing legal issues within Kyrgyzstan are preventing Stans in proceeding with pilot testing of the new technology due to continuing work injunctions at the mine site.

"This licence grant represents the culmination of a very complicated approval process due to the nature of the technology and the sensitive features associated with it. I would like to first thank the officials at FSTEC along with the experts from ROSATOM, who provided their opinions on the clearance of this new technology. I would also like to thank the Canadian Nuclear Safety Commission for its co-operation in assisting the company on this matter. This co-operation reflects the international collaboration necessary to develop supply chains as complex as those required for rare earth elements. Stans Energy is fortunate to be a recipient of strong government support from both the Russian Federation and Canada," states Rodney Irwin, interim president and chief executive officer.

We seek Safe Harbor.

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