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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
Post by Hideawayon Nov 26, 2018 10:28am
103 Views
Post# 29021061

Next Update?

Next Update?We should be receiving an update in the next few days. I am anticipating a release by week's end as commissioning should be close to finalizing and production about to begin that is assuming no huge problems were encountered during the breakin period. Our process is fairly straight forward so barring a major glitch, we should soon be good to go.
As I recall around 30,000 tons are need for the shipload and the mill will produce about 1000 tons per day when operating so we should expect our first shipment in early January. It will not likely be before this date because of startup and Xmas. 
The first six months of 2019 should be interisting times for HUD shareholders with a lot of activity to come with new agreements and,hopefully,positive cashflow. If this materializes ,we can expect an increased SP prior to any financing to meet the upgrades needed for new off-takes. 
GLTA
Bullboard Posts