Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), (“Stans” or the “Company”) announces the company will be undergoing a rebranding and repositioning of its corporate objectives.
“Historically Stans has focused on producing rare earth elements and uranium. The recent announcement of our potential acquisition of the Pervomayskiy Lithium Mineralization Stockpile and associated infrastructure reflects the company’s realignment to become a supplier of materials and technologies that will assist in satisfying the world’s future energy supply, storage and transmission needs. As such we are considering adopting a new corporate name and identity to better reflect our evolving goals.” states Rodney Irwin, CEO and President.
As part of the strategic realignment, Stans is seeking to strengthen it’s advisory board with specialists with expertise in the specialty energy mineral sector. Experts in downstream and upstream fields that can advise and assist the company in acquiring mineral properties and processing technologies that will have an impact in the energy storage and transmission will be sought. Stans is currently considering a number of candidates for the positions.
“This is an exciting time for management as we seek to strengthen the technical team of both our advisory board and Didim Inc., our technological development subsidiary. Our goal is to be able to participate in and contribute to meeting the growing global demand for green energy initiatives,” continues Mr. Irwin.
On September 23, 2016 a jurisdictional hearing by the UNCINTRAL Arbitration Tribunal took place in Paris, France. The tribunal’s ruling is expected by the end of December 2016.
About Stans Energy
Stans Energy Corp. is a resource development company focused on advancing rare earth and specialty metals properties in areas of Central Asia and Russia. Stans acquired the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic in 2009. Since that time the Government of the Republic of Kyrgyzstan took expropriatory actions against the Company’s interests in that country, Subsequently Stans Energy applied to international arbitration to resolve the conflict. On June 30, 2014, Stans Energy was awarded US$118 Million by the Arbitration Tribunal at the Moscow Chamber of Commerce and Industry. On October 24, Stans Energy arrested 47 million shares of Centerra Gold (TSX: CG) as security in this matter. This security allows the Company to pursue the recognition of its arbitral award against the Kyrgyz Republic in the Canadian court system. Stans is now seeking recognition by the Ontario Court of Justice to collect US$ 118 Million worth of Centerra Gold shares.
We seek safe harbour.
Interim President & CEO
VP Corporate Development
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 “will”, “shall”, “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.