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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 Hideawayon Aug 27, 2018 9:28am
97 Views
Post# 28521225

RE:RE:RE:RE:News Release - Paint and Coatings test results

RE:RE:RE:RE:News Release - Paint and Coatings test resultsEnginuity, I also think an agreement will come shortly but I had a similiar feeling after the very positive NR two years ago and even before that when we were told they were in "advanced discussions" on several occasions.
It will take time and money to upgrade our US facilities to produce GreenSpar45. My immediate concerns are having sufficient finances to achieve production by year's end. I have emailed twice in the past 3-4  weeks asking if our funds will carry us to a positive cashflow situation without a reply. It is a simple question and should be easy to answer but instead dead silence. I am concerned we may require additional monies before we can start shipping and ,also, will we be able to substain the operation following production without new off takes? It will be close considering the income generated from only 200,000 tons to OC.I do not think upgrading our grinder will be a  lenghty or costly process but both elements are involved.
I am still in a wait and see mode but the details continue to be sparce.
GLTA
Bullboard Posts