Stans Energy Corp V.HRE.H

SEDAR Filing November 27, 2019

[atomicnumber31]

On July 27, 2017,Stans entered into a MOU to partner with ARMZ. Together ARMZ and Stans (the “New Partners”) will undertake a number of strategic initiatives in the specialty and energy metals industries.ARMZ is the mining arm of ROSATOM State Atomic Energy Corporation(“Rosatom”), one of the leaders of the global uranium market. ARMZcontrols Russian uranium mining assets situated in the Trans-Baikal Territory, Republic of Buryatia, Kurgan region and Republic of Yakutia, in addition to other global assets. ARMZ concentrates on multi-year field development and unique competencies that enable ARMZ to perform a wide range of uranium projects –from geological exploration, development and design to reclamation of production facilities.......

 

......Certain technical and legal issues surfaced which precluded both Stans and ARMZ from conducting the necessary geological sampling to evaluate the Pervomayskiy Lithium Stockpile. In place of that program, ARMZ has commenced an internal scoping study on the Zavitinskoye Lithium mine, which was the historic source of mineralized material for the Pervomayskiy cut-off grade lithium mineralization Stockpile. ARMZ completed the Scoping Study by the end of November 2018.Upon the completion and evaluation of the ARMZ internal Scoping Study the project was approved by Rosatom at the end of February 2019. In April 2019,Stans and ARMZ started negotiations of the terms of joint venture to restart Zavitinskoye Mine and build a new Lithium carbonate/hydroxide production complex.