Hudson Commences Construction at the White Mountain Anorthosite Project in Greenland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 26, 2016) - HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE:HUD) (OTCQX:HUDRF) is pleased to announce the commencement of field activities at its wholly-owned White Mountain anorthosite (calcium feldspar) project in Western Greenland.
The Company recently commenced construction activities at the White Mountain project. Construction is focused on civil works in preparation of equipment delivery and process plant construction in the spring of 2017. Activities this year include drilling and blasting for the foundations for the process plant, fuel storage farm, maintenance shop and the 35,000 tonne product warehouse at the port. Hudson has also entered in to an agreement to purchase a barge which will be used as a floating wharf. The use of the barge, which is 28m wide by 92m long, will enable the port to be constructed in a timely manner, and will also reduce transportation costs for project equipment shipped to site.
James Tuer, Hudson's President stated: "We are on track to meet our goal of delivering product in the second half of next year to one of the world's leading fiberglass producer as part of our 10 year purchase agreement (NR2015-3). We expect this years activities to be completed by October."
ON BEHALF OF THE BOARD OF DIRECTORS
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.
Contact
James Tuer
President
604-628-5002 or 604-688-3415
tuer@hudsonresources.ca