FOR IMMEDIATE RELEASE TSX-V: HUD September 25, 2017 OTC: HUDRF NR2017-13
HUDSON RESOURCES CONSTRUCTION UPDATE FOR THE WHITE MOUNTAIN PROJECT, GREENLAND
Vancouver, BC – HUDSON RESOURCES INC. (the “Company”) – (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to provide the following update on construction activities at the White Mountain anorthosite project in Greenland.
Since the Company’s last news release concerning construction activities (NR2017-10 dated June 29, 2017), Hudson has been building the foundations for the process plant and the warehouse. It has also installed the pad for the fuel farm. Since the middle of August a concrete team has been completing this work which involves pouring more than 700 cubic meters of concrete into 38 column foundation pedestals at the warehouse, 16 column foundation pedestals and the concrete slab floor at the process plant and the pad and containment wall for the fuel farm. Altogether, it is expected that more than 20,000m of rebar will be added to reinforce the foundations. Concrete work is expected to continue through the beginning of November.
Hudson also plans to erect the prefabricated truck shop building after the barge arrives in October. As well, the Company has agreed to purchase a 44-man camp which is located in Nuuk, the capital of Greenland. The plan is to mobilize it to site in October. The facility will be instrumental in providing high quality accommodation to construction and operating staff over the next several years.
By the end of the year, Hudson expects to have the wharf/barge facility completed and secured at site. All the process equipment and buildings are expected to be delivered and safely stored at site ready for erection to commence in March/April 2018. The objective is to begin plant commissioning next summer and to be shipping product to customers in the second half of 2018.
Hudson wishes to announce that prior to commencement of concrete activities, Moe Theriault joined the team as Construction Manager. Moe has over 45 year’s experience in mining and industrial projects with a focus on civil works and material handling which is a key component of the White Mountain project.
James Tuer, Hudson’s President, stated, “We are very pleased that the construction program is moving ahead on schedule with a target of plant commissioning mid 2018. The addition of Moe Theriault as our Construction Manager is an excellent addition to the team that Hudson is building in order to bring the project to production.”
For photos of the site works please visit the Hudson web site under Photo Gallery. Please note that Hudson recently moved offices to Suite 420 – 1639 2nd Ave. W. in Vancouver.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415 [email protected]
Suite 420 – 1639 2nd Ave W. Vancouver, B.C. V6J 1H3
Tel: (604) 628-5002 Fax: (604) 688-3452
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.