Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce the Company’s invitation to participate in a trade mission to Russia with over 30 companies chosen by the Canadian Trade Commissioner Service (TCS) from the aerospace, building products and construction, and mining sectors. The trade mission takes place from June 4 to June 8, 2012
Representatives of Stans Energy Corp, including Robert Mackay, CEO and President, and Boris Aryev, COO, will be traveling with the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway. Delegates on the trade mission will begin their visit in St. Petersburg and then travel to Moscow, where Minister Fast will join them on June 6.
“We are extremely honoured and privileged to be chosen by the Canadian Trade Commissioner Service to participate in this governmental initiative to strengthen and deepen bilateral business ties between Canada and Russia. Given our strong working relationships with numerous Russian technical and business organizations, we feel that this is an excellent opportunity for management to make Stans more widely known to international stakeholders. By creating new prospects for additional co-operation, our participation in this event will aid Stans in becoming one of the pre-eminent global suppliers of rare earth elements to end users. We look forward to close collaboration with all the government representatives involved,” states Robert Mackay.
“This year, as we celebrate the 70th anniversary of Canada-Russia diplomatic relations, we are committed to a deeper trade and investment relationship with Russia,” said Minister Fast. “In what remains a fragile global economic climate, our government is committed to ensuring Canadian workers have access to priority markets around the world. That is why we continue to pursue deeper ties with the world’s largest, most dynamic and fastest growing markets as part of the most ambitious trade expansion plans in Canadian history.”
The Canada-Russia bilateral trade relationship totaled $2.78 billion in 2011. Over the past 10 years, Russia has emerged as one of Canada’s most important trading partners with Canadian merchandise export to Russia growing to $1.5 billion in 2011 from $179 million in 1999. Last December, Canada was a strong supporter of Russia’s accession to the World Trade Organization.
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.