TORONTO -- (Business Wire)
Robert Mackay, President and CEO of Stans Energy Corp (TSX-V: HRE,
OTCQX: HREEF), (Stans or The Company) is pleased to announce the
appointment of Mr. Alexander Nikitin as the Director of Operations in
Russia. Mr. Nikitin has been granted 200,000 options in consideration of
his duties.
Mr. Nikitinâs recent role as a Project Manager at the State Treasury of
the Russian Federation, operating under the Ministry of Finance of the
Russian Federation will further add to Stansâ ability to execute on its
business goals in Russia and in other areas of the former Soviet Union.
Stans Energy is also pleased to report on its recent membership to The
United States Magnetic Materials Association (USMMA). The mission of the
United States Magnetic Materials Association is to promote domestic
production of the entire supply chain of materials used in magnet
systems production to serve Americaâs defense needs.
About USMMA
The U.S. Magnetic Materials Association ("USMMA") is a trade association
dedicated to restoring a competitive, secure, end-to-end rare earth
supply-chain to support the domestic manufacturing of rare earth
permanent magnets. USMMA is concerned with recent news reports, "think
tank" positions, academic reports, U.S. government generalizations and
promotional activities by some rare earth industry participants that
oversimplify and downplay the seriousness of the rare earth crisis
About Stans Energy
Stans Energy Corp. is a resource development company focused on
progressing Heavy Rare Earth (HRE) properties in areas of the Former
Soviet Union. In December 2009, Stans acquired a 20-year mining license
for the past-producing Kutessay II rare earth mine from the Kyrgyz
Republic. On May 26, 2011 Stans completed the purchase of the Kashka
Rare Earth Processing Plant (KRP) the same plant that previously refined
REEs historically from Kutessay II. The KRP was the only hard rock plant
to produce all rare earth elements outside of China, producing 120
different metals, alloys, and oxides. For over 30 years, Kutessay II
produced 80% of the rare earth metals for the former Soviet Union.
We seek safe harbour.
âNeither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.â
FORWARD LOOKING STATEMENTS: This document includes forward-looking
statements as well as historical information. Forward-looking statements
include, but are not limited to, use of proceeds from the Offering, the
completion of the Offering, the continued advancement of the company's
general business development, research development and the company's
development of mineral exploration projects. When used in this press
release , the words âwillâ, âshallâ, "anticipate", "believe",
"estimate", "expect", "intent", "may", "project", "plan", "should" and
similar expressions may identify forward-looking statements. Although
Stans Energy Corp. believes that their expectations reflected in these
forward looking statements are reasonable, such statements involve risks
and uncertainties and no assurance can be given that actual results will
be consistent with these forward-looking statement. Important factors
that could cause actual results to differ from these forward-looking
statements include the potential that fluctuations in the marketplace
for the sale of minerals, the inability to implement corporate
strategies, the ability to obtain financing and other risks disclosed in
our filings made with Canadian Securities Regulators.
Contacts:
Stans Energy Corp.
Robert Mackay
President & CEO
robert@stansenergy.com
647-426-1865
or
David
Vinokurov
Manager, Investor Relations
david@stansenergy.com
647-426-1865
Source: Stans Energy Corp
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