Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), (“Stans” or the “Company”) is pleased to announce that a lithium carbonate has been produced from lithium concentrate extracted from the Pervomayskiy Lithium Mineralization Stockpile (the “Pervomayskiy Stockpile”) using a patentable milling and hydro-metallurgical technology.
Laboratory research was completed on three different milling processes to determine the optimal composition of a concentrate to be processed into lithium carbonate. It was determined that a concentrate yielding 4.48% Li20 is the ideal source material for the developed hydrometallurgical technology proposed for the production of lithium carbonate from the Pervomayskiy Stockpile. The lithium carbonate product will be suitable for sale on the world market.
Research on the beneficiation and processing of the lithium mineralization and lithium concentrate was performed by VNIIHT (Lead Institute of Chemical Technology), which is overseen by the Science and Innovation Corp., a research and development branch of Rosatom, the Russian State Nuclear Energy Agency.
Stans’ partners, Pervomayskiy GOK, undertook this work, with partial government funding supported by Rosatom.
“It is encouraging to see the amount of the development and research our partners have already conducted on the Pervomayskiy project. Stans is moving quickly to conduct due diligence of the geological and technical materials provided by our partners,” states Rodney Irwin, Interim President and CEO.
The scientific and technical information in this document was reviewed, verified and compiled by Stans Energy Corp.’s geological and mining staff under the supervision of the company’s qualified person, Dr. Gennady Savchenko FGS, Director of International Mining Operations, Stans Energy Corp.
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.