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AnorTech Inc V.ANOR

Alternate Symbol(s):  HUDRF

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 Trevor111on Mar 08, 2024 2:49pm
94 Views
Post# 35923357

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sorry folks!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sorry folks!
From the MD&A.  I am very surprised they could do this without making a press release!

"The Company had a minority interest (31.1%) in Lumina Sustainable Materials A/S (“Lumina”), previously Hudson Greenland A/S which owns the White Mountain anorthosite mine (the “White Mountain” or “Qaqortorsuaq“ in
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Greenlandic) located on the Naajat exploitation license. The exploitation license was granted for 30 years with a 20-year extension allowable. The Company has not provided any security or guarantees for the liabilities of Lumina. The Company’s carrying value of this investment was reduced to $nil from its share of cumulative losses since the fiscal year ended March 31, 2022. Subsequent to December 31, 2023, the Company relinquished its 31.1% interest in Lumina to allow the Company to focus all efforts on its 100% owned Gronne Bjerg anorthosite project"
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