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Bullboard - Stock Discussion Forum
AnorTech Inc
V.ANOR
Alternate Symbol(s):
HUDRF
Metals & Mining
Industrial Metals & Minerals
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.
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TSXV:ANOR - Post Discussion
AnorTech Inc
> News out! We now only own 31% of the mine!
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•••
majortom75
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Post by
majortom75
on Aug 04, 2020 9:18am
News out! We now only own 31% of the mine!
Oy Vey!
(2343)
•••
Digby8
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Comment by
Digby8
on Aug 04, 2020 12:41pm
I don't think this is as bad as it appears. Hudson has retained the right to regain full ownership of Hudson Greenland (White Mountain) in the future by buying back its interest from the Lenders for 200% of the subscription price. Also, the Company still holds 100% of the Sarfartoq rare earth element (REE) and niobium/tantalum exploration license, and expects to commence
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majortom75
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Comment by
majortom75
on Aug 04, 2020 4:23pm
Seems the market agrees with you? I hope things turn out and HUD can buy back the mine once revenue starts coming in...
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