Hudson Resources Announces Product Distribution Agreement for the United States With Terra Firma
27 Août 2019 - 3:00PM
HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”
OTC:HUDRF) is pleased to announce that it has entered into an
agreement with Terra Firma Company LLC (Terra Firma) to market the
company's GreenSpar product line across all of Terra Firma’s
geographical coverage including the Northeast, Southeast, Southwest
and Midwest United States.
GreenSpar is a form of the mineral Anorthosite
(aluminosilicate), a rare compositional variety of plagioclase
feldspar. It is unique in that it is very dense and has a high
refractive index. It can be used as a premium mineral extender for
interior paints requiring very good abrasion resistance and can
also result in a stronger finish and cost savings as a resin filler
in clear coatings. Regarding thermoplastic end uses, GreenSpar
offers high hardness, closed angular structure for low binder
demand, and low Refractive Index.
Terra Firma CEO David Behan commented that "The
Hudson story is quite special - like the product they are bringing
to the North American market. It is an environmentally sustainable
mining operation and a very distinctive, yet extremely large
deposit of a mineral that can provide significant performance and
environmental advantages over existing fillers. We feel that this
product can have a tremendous impact on the Paint and Plastics
industry."
Jim Cambon, President of Hudson stated "We are
excited to be collaborating with Terra Firma for our entry into the
North American paints, coatings and plastics markets. Their long
history of success in the performance minerals market makes them
the ideal partner."
In addition to GreenSpar, the Hudson deposit at
White Mountain in Greenland can be exploited to yield high-purity
alumina and Anocrete, a CO2-free heat resistant form of concrete.
The company was recently asked by space agencies to provide samples
of its anorthosite for the purpose of simulating the lunar
landscape, which has a geology similar to the one being mined by
Hudson. The uniqueness of this mineral deposit has also resulted in
a recent visit to the mine by the US State Department as part of
their assessment of strategic minerals, including the company’s
Sarfartoq rare earth project.
Terra Firma is a privately-held, multi-regional
specialty chemical distributor whose primary focus is coatings,
adhesives, sealants and elastomers, construction and plastic
markets along with several other complimentary markets. The company
operates three full-service regional customer service centers
supporting the efforts of 25+ individuals dedicated to sales. Its
aim is to be best-in-class amongst technically focused
distributors. Terra Firma’s soul mission is the careful shepherding
of the amazing brands we represent. "Nothing Compares to Solid
Ground."
Hudson, through Hudson Greenland A/S, owns 100%
of the White Mountain Anorthosite mine in Greenland. The calcium
feldspar mine is in operation and permitted for 50 years.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim K
Cambon”
President and Director
For further information:Ph:
604-628-5002
Forward-Looking StatementsThis
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 anticipated in such statements.
Important factors that could 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.Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
Hudson Resources (TSXV:HUD)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Hudson Resources (TSXV:HUD)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025