TORONTO -- (Business Wire)
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (âStansâ or the
âCompanyâ), is pleased to announce that the Federal Service for
Technical and Export Control of the Russian Federation (âFSTECâ), has
granted a special export licence to Stans Energy.
This special export licence allows for the export and use of key
cracking technology by Stans Energy Corp., which was developed by the
Companyâs Russian contractors, the Russian Research Institute of
Chemical Technology (âVNIIHTâ). This cracking technology is vital to
production at the Companyâs 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, VNIIHTâs new
cracking method yielded a greater recovery of rare earths from
historical concentrates â 95% at the impurity removal stage, and 93% at
the nitrate-creation stage. The final product of these tests was a 98%
pure combined RE Oxide (REO) nitrate solution.
The concentrate produced by the new planned Plant #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 #1 through a simplified process due to the absence
of nuclear materials technology involved.
Technical experts as Kashka Rare Earth Processing (âKRPâ) will now begin
optimizing the engineering for the required flow sheet for the cracking
facility which is planned to be the new Plant #1 at KRP. Ongoing 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.
âThis 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 their co-operation in assisting
the Company on this matter. This cooperation reflects the international
collaboration necessary to develop supply chains as complex as those
required for rare earth elements. Stans Energy Corp is fortunate to be a
recipient of strong government support from both the Russian Federation
and Canada,â states Rodney Irwin, Interim President and CEO.
About FSTEC
The Federal Service for Technical and Export Control of the Russian
Federation forms a federal executive authority implementing national
policy, organizing interdepartmental coordination and interaction, and
exercising special and control functions in the sphere of state security
concerning the following topics: information security in information and
telecommunication infrastructure systems, foreign technical intelligence
countermeasures, protection of sensitive information constituting a
state secret, information protection in the course of development,
manufacture , operation and disposal of non-informative emitting
complexes, systems and devices, and export control.www.fstec.ru
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.
About VNIIHT
The Russian Research Institute of Chemical Technology (VNIIHT) was
founded in April 1951. VNIIHTâs objective was to focus on the
exploration and development of technologies and raw materials for use in
the Soviet nuclear energy sector. VNIIHT technologies were, and continue
to be implemented during the main stages of the nuclear fuel cycle. This
includes the processing of Uranium and Rare Metal Ores through to the
generation of nuclear-pure materials. VNIIHTâs sixty years of chemical
technology experience combined with their capabilities of executing the
complete cycle of rare earths research, development, and production will
give Stans Energy a significant advantage relative to its competitors
outside of China.www.vniiht.ru
We seek safe harbour.
Contact Details Rodney Irwin Stans Energy Corp Interim
- President & CEO 647-426-1865
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David Vinokurov Stans Energy Corp VP Corporate
Development 647-426-1865
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www.stansenergy.com
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
Rodney Irwin, 647-426-1865
Interim -
President & CEO
or
David Vinokurov, 647-426-1865
VP
Corporate Development
Source: Stans Energy Corp.
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