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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

Bullboard Posts
Comment by texstyleon May 02, 2014 2:24pm
155 Views
Post# 22518870

RE:RE:Mining Application Submitted

RE:RE:Mining Application SubmittedHUD does not go to all this effort and submit for the mining license unless they know they have a market for it I would think. So those of you with some experience can you speculate, perhaps by looking at historically similar situations, on timeframes and steps to be taken between now and a mine. I would guess it will take some time to go through the government even with little opposition as the government needs to be seen doing their due diligence. That said you would think construction should start in 12 months or so. Likely as part of the license application there would also be public hearings for the Greenlanders to comment on the situation. Before those hearings you would think HUD would probably be in a position to annouce off-takes and such so as to make the application look more viable. Perhaps HUD could give us an idea of the steps that need be taken to get the approval. If there are public hearings and off-takes are announced or made public prior and if there appears little opposition from the Greenlanders it could be a really good time to be a HUD shareholder. Any one out there with a more educated guess?
Bullboard Posts