Hudson Over 70% Complete on Construction of the White Mountain Anorthosite Project in Greenland
16 Août 2018 - 5:04PM
Hudson Resources Inc. ("
Hudson" or the
"
Company") (TSXV: HUD, OTC: HUDRF) is pleased
to provide an update on construction activities at the company’s
100% owned anorthosite (calcium feldspar) mine in Greenland. Since
the July 5th construction update (NR2018-07) the company has now
completed over 70% of the construction. Hudson’s objective is to
make an initial shipment of product to North America by the end of
the year.
Construction highlights since the July 5th
construction update include:
- Process plant internal steel and mechanical installation
completed.
- Process plant building steel completed and cladding 80%
complete. Only the roof remains to be cladded.
- Lillegaarden EL of Denmark has commenced electrical
installation including installation of cable trays in the process
plant.
- The product storage building steel erection is 50% complete and
is on schedule to be completed by the end of September.
- The concrete floor has been poured in truck shop.
- The process plant generators (3 x 630 kVA) including the
control room are in place.
- The process plant automation room has been put in place
adjacent to the process plant.
- The road from the port to the mine is over 75% complete with
only 2.5km remaining of the 11km road. The road is expected
to be completed by the end of September.
- Hudson received a new Sandvik DX800 production drill and
Hyundai HL980 wheel loader for operations.
- Currently 41 construction personnel on site.
James Tuer, Hudson’s President stated: “We are
very happy with the pace of construction on the site. It’s
very impressive to witness the daily progress as the project moves
to production in the coming months. We look forward to shipping
product by the end of the year.”
In June, Hudson completed an $18 million equity
financing in order to complete construction and fund working
capital and debt payments.
Pictures of the construction progress can be
found on the company website at
https://hudsonresourcesinc.com/gallery.
ON BEHALF OF THE BOARD OF DIRECTORS
“James
Tuer”
James Tuer, President
For further information:James
Tuer, PresidentPh: 604-628-5002 or 604-688-3415
Forward-Looking
Statements
This news release includes certain
forward-looking statements or information. All statements
other than statements of historical fact included in this news
release, including, without limitation, statements regarding the
use of proceeds from the private placement, and other future plans
and objectives of the Company are forward-looking statements that
involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
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cause actual results to differ materially from the Company's plans
or expectations include market prices, general economic, market or
business conditions, regulatory changes, timeliness of government
or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
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