Stans Energy Announces Addition of rare earth expert Jean Paul Tognet to Advisory Board
Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce the addition of rare earth expert Jean-Paul Tognet to its Advisory Board as a Senior Advisor.
Mr. Tognet is a French chemist and nuclear engineer who spent his 35 year business career in the Rare Earths sector. Mr. Tognet started with ore processing projects specializing in beneficiation and cracking at the Pechiney-St. Gobain research Center just outside Paris. In 1982, he began to lead the chemical engineering department at the Rhone-Poulenc Rare Earths plant in La Rochelle, France. Then, as Industrial and Raw Materials Director from 1992 to 1999, he managed the development of Rhone Poulenc’s Rare Earth processing plants in France, USA, Japan and China. After Rhone Poulenc’s name eventually changed to Rhodia (now a branch of Solvay), Mr. Tognet continued in global upstream management and finally was charged with the evaluation of new international Rare Earth projects until his retirement in 2005.
Stans CEO Robert Mackay comments, “Stans Energy is proud to have a gentleman with Jean-Paul’s Rare Earth pedigree join our Advisory Board. His decades of expertise in all facets of Rare Earth sourcing, extraction and production are invaluable to Stans Energy as we transition from development to production. Furthermore, his experience in evaluating the merits of potential of new Rare Earth deposits will play a large role in our success in acquiring new Heavy Rare Earth properties in the Former Soviet Union. With the addition of Jean-Paul to our advisory board, Stans Energy is proud to have assembled a world renowned team of experts who between them have over 100 years of direct Rare Earth Processing expertise. Moving forward, we believe that this advantage will result in increasing operational efficiencies, attracting world-class partners to Kutessay II and facilitating new acquisitions.”
As approved by the Board of Directors, Mr. Tognet will receive 200,000 incentive stock options at an exercise price of $0.74 as of the market close on May 11, 2012 expiring on May 11, 2017 and another 100,000 stock options, with the similar terms, have been granted to an employee of the company.
These grants are subject to TSX approval.
Stans Energy will be hosting its Annual General Meeting on Wednesday July 11, 2012 at 1pm at:
The Toronto Board of Trade
77 Adelaide St. West
First Canadian Place,
Suite 350, Toronto, ON, M5X 1C1
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.
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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.