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AnorTech Inc ANORF


Primary Symbol: V.ANOR

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

Post by mynameisneoon Mar 19, 2024 3:03pm
209 Views
Post# 35941232

HUD 2.0 - A.K.A. AnorTech Inc.

HUD 2.0 - A.K.A. AnorTech Inc.With a new name comes a fresh start.  Looking through the NR the things that stick out to me and hopefully to new investors are the following.  "The company will provide an update on these programs shortly."   Referring to alumina and cement products.  "debt free", sure sounds attractive when starting any new and existing JV or colab.  "5% carried interest", referring to the sale of the Sarfartoq rare earth element project to Neo Performance Materials (Neo North Star Resources).  "$3.5M cash on hand", always nice to see.  And my favourite part, ""The company is focused on three global markets: green alumina, CO2 free cement and concrete thermal energy storage systems"  The thermal energy storage system is the new one for long term investors here.  Maybe not the most profitable one out of the bunch but the one that has an exciting opportunity given some other companies doing the same thing.  Rondo comes to mind.  With anorthosites' unique properties and the quality of our resource at Gronne Bjerg I think if we can find the right partner (maybe have already) we can build upon Rondo's success and far exceed their capabilities.  The industrial sector uses by far the most amount of the electical grid (thinking here in NA and EU) and with the current limitations this is the kind of solution that the world needs to advance quickly to shore up space for the energy transition from fossil fuels to renewables.  Just my two cents (up to $.03 today) but looking forward to the next NR.  Keep the news flowing from this point on Jim!  Let's get this company moving in the right direction.
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