Robert Mackay, President and CEO of Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF), (Stans or The Company) is pleased to announce the appointment of Mr. Alexander Nikitin as the Director of Operations in Russia. Mr. Nikitin has been granted 200,000 options in consideration of his duties.
Mr. Nikitin’s recent role as a Project Manager at the State Treasury of the Russian Federation, operating under the Ministry of Finance of the Russian Federation will further add to Stans’ ability to execute on its business goals in Russia and in other areas of the former Soviet Union.
Stans Energy is also pleased to report on its recent membership to The United States Magnetic Materials Association (USMMA). The mission of the United States Magnetic Materials Association is to promote domestic production of the entire supply chain of materials used in magnet systems production to serve America’s defense needs.
The U.S. Magnetic Materials Association (“USMMA”) is a trade association dedicated to restoring a competitive, secure, end-to-end rare earth supply-chain to support the domestic manufacturing of rare earth permanent magnets. USMMA is concerned with recent news reports, “think tank” positions, academic reports, U.S. government generalizations and promotional activities by some rare earth industry participants that oversimplify and downplay the seriousness of the rare earth crisis
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.
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Stans Energy Corp.
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.