VANCOUVER, British Columbia, June 29, 2017 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (the
“Company”) – (TSX-V:HUD) (OTC:HUDRF) is pleased to provide an update on engineering and construction activities at the company’s
White Mountain Anorthosite project in western Greenland. So far this year, activities have focused on completing the civil works in
the field, finalizing detailed engineering, and the procurement of all of the major project components for the process plant and
infrastructure.
With respect to civil works, RTS Greenland A/S, is currently finishing the drill and blast operations to prepare
for foundations for the process plant, product storage building and ancillary infrastructure.
Civil works will continue through to the fall to support the project infrastructure. Concrete foundation work
will commence shortly upon finalization of an agreement with a contractor. Building erection and mechanical installation are
planned to commence in the fall.
With regard to engineering, CWA Engineers Inc. have completed all but a few remaining detailed engineering
drawings. Hudson has also engaged Ramboll Group A/S and Automatic Syd A/S, both out of Denmark, for the electrical
engineering and motor control center (MCC) facilities.
Major on site accomplishments so far this year include:
- Completion of a new access road from the port;
- Completion of blasting for the warehouse, which is a 90m by 45m building for storing 30,000 tonnes of final product;
- Completion of the access roads for the bollards at the dock;
- Completion of the process plant site which is a 40m by 40m pad;
- Preparation of the site for the accommodation complex; and
- Receipt of materials for preparation of the concrete foundation work.
“We are very pleased to be undertaking these activities on site as we advance the project towards commercial
production,” commented James Tuer, Hudson’s president. “This next phase in our company’s history is to transform from explorer to
producer and bring a unique resource to market. We believe this will generate a number of exciting new business lines for the
company including supplying feed product to the E-Glass fiberglass market, the paints and coatings business and the alumina
industry.”
“Construction activities are proceeding well; however, a late revision in the process plant design will result
in the delayed delivery of some of the conveyors. This, along with a few other delays, will push our ambitious goal of
commissioning the plant by late 2017 to the middle of next year when we expect to commence shipping product. In the meantime,
potential customers continue to test our anorthosite for E-Glass and coatings applications with positive results and Hudson is
working towards additional off-take agreements.”
Procurement of all major project components is now complete. The following have now been purchased and are
expected to be ready for shipment over the next couple of months:
- Product storage building and Process building (Norsteel Buildings);
- Truck maintenance building (Vertical Building Structures);
- Maxtrak 1000 SR Mobile cone crusher to feed the plant (Powerscreen);
- Two High Pressure Grinding Rolls installed in the plant (Weir Minerals);
- Six high intensity magnetic separators (Eriez Manufacturing);
- Three coarse and two quad deck fine screens for sorting product (Derrick Corporation);
- Twenty-three process conveyors (Continental Conveyor – a number of which will be delayed)
- 1,200 stph shiploader and conveying system from the warehouse (Thor Global);
- Five 100,000 litre fuel tanks for the fuel farm (CGH Nordic);
- Used 44 bed accommodation complex (subject to Greenland government approval);
- Various mobile equipment including a 35-tonne and two 90-tonne cranes, Telehandler, 30-tonne excavator, trucks and concrete
batch plant; and
- The 300’ by 100’ barge that will deliver a significant portion of the equipment sourced in North America and then be moored
as the floating wharf this fall.
Hudson owns 100 percent of the White Mountain project. The company was granted a 50-year mining license in 2016,
and the deposit has resources defined for more than 100 years of production. Hudson will provide photos of the construction
progress on a regular basis on its website.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Tuer”
James Tuer, President
Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than
statements of historical fact included in this news release, including, without limitation, statements regarding the use of
proceeds from the private placement, and other future plans and objectives of the Company are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company's plans or expectations include market prices, general economic, market
or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and
from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information: James Tuer, President Ph: 604-628-5002 or 604-688-3415 tuer@hudsonresources.ca
