Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce that it has successfully separated dysprosium oxide from its stockpile of resins at the Kashka Rare Earth Plant (KRP).
To date the company has separated dysprosium from the resins remaining from past production runs, yielding 50kg of dysprosium oxides ahead of target as outlined in the Company’s press release dated June 12, 2012. The technical teams at KRP have been able to separate:
15kg of Dysprosium Oxide grading 99.95% purity
15kg of Dysprosium Oxide grading 99.9% purity
20 kg of Dysprosium Oxide grading 99.5% purity
“The successful first phase of our operational testing of the ion exchange columns is extremely encouraging. Over the course of the next several months our engineering teams will continue to upgrade the purities of finished oxides that the KRP will be producing. Our ion exchange equipment will be able to provide the high purity oxides that are crucial for specialized end-users, specifically 4N+ purities. Once VNIIHT completes the design of the new cracking facility (Plant #1), Stans Energy will have the capability to employ cutting edge rare earth technologies starting with beneficiation through to high purity oxide production,” states Robert Mackay, President and CEO.
Plant design, refurbishment, and operational testing are continuing, and once the test run is completed by Q4 2012 on the entire batch of 48 tonnes of resins, a full chemical analysis of produced oxides and pure metals will be released.
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.
We seek safe harbour.
President & CEO
Manager, Investor Relations
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.