Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), (“Stans” or the “Company”) is pleased to announce that the Company will be seeking global distribution rights to the beneficiation and processing technologies developed by it’s Russian partners for the production of lithium concentrates and lithium carbonate from lithium bearing spodumene.
As previously reported on October 11, 2016, Stans’ partners’ technical contractor VNIIHT (Leading Institute of Chemical Technology), a research and development division of Rosatom, have developed a complete flow sheet for the production of lithium carbonate from lithium bearing spodumene. A luminescent and poly-chromium photometric sorting technology is used to separate high-grade mineralization from waste rock and then a flotation process is employed to produce 4.48% Li20 concentrate. Pyro- and hydro-metallurgical technology is then used to process this concentrate to produce lithium carbonate, a marketable product. This patentable technology will be licensed for export by Stans and then licensed to other companies in the lithium sector.
“The global demand for lithium continues to escalate and numerous companies in the sector will need the technology that Stans will be licensing to other lithium producers to assist them to meet product requirements from downstream users. Stans intends to capitalize on the growing demand for lithium products by creating multiple revenue streams from both the sale of lithium carbonate products and the licensing of lithium carbonate production technology,” states Rodney Irwin, CEO and President.
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.