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AnorTech Inc HUDRF


Primary Symbol: V.ANOR

AnorTech Inc., formerly Hudson Resources Inc., is a Canada-based technology company. The Company is focused on the development of green technologies made from anorthosite (aluminum calcium silicate) rock. The Company is focused on three global markets: green alumina, CO2 free cement and concrete thermal energy storage systems. The Company owns 100% of the Gronne Bjerg Anorthosite project in Greenland, which is located southwest Greenland near the capital city of Nuuk. The Project hosts a quality anorthosite (calcium aluminum silicate) body. The Company also has a 5% carried interest on the Sarfartoq rare earth element project in Greenland, partnered with Neo North Star Resources. The Sarfartoq carbonatite project hosts an advanced rare earth element project rich in neodymium and praseodymium.


TSXV:ANOR - Post by User

Comment by tanninon Aug 25, 2022 2:25pm
125 Views
Post# 34920471

RE:RE:RE:RE:RE:Globe/NYT say Neo scores rare earth rights in Greenland

RE:RE:RE:RE:RE:Globe/NYT say Neo scores rare earth rights in Greenlandwas thinking, brazil2, of our option to buy back 100% of the White Mtn/Lumina operation......though 3 mill doesn't help much there...sillyme. Our BoD has loaned $$ to HUD, rather than diluting, to keep us operational, that's one thing they've been doing for us the last long while. With a few million in the bank, a slice, 21%  to 31% depending, in Lumina with the option for 3 (?) more years to buy 100% of Lumina, and a 'possible' 5% equity interest in the assets we're currently selling, HUD should be valued at more than 10 million. HOWEVER, there is no backstop to the 5% possible equity interest in Sarfartoq, which is stunning, no minimum or alternative form of recompense if NEO decides to try and circumvent, or if the project takes longer than anticipated and the trigger points happen in 6 or 7 years.......and I don't understand why not. Would have expected at least a carried interest in the project, to a certain point of developement, as a backstop.

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