FOR IMMEDIATE RELEASE TSX-V: HUD
October 16, 2018 OTC: HUDRF
HUDSON NEARS COMPLETION OF CONSTRUCTION OF THE WHITE MOUNTAIN ANORTHOSITE PROJECT IN GREENLAND
Vancouver, B.C., October 16, 2018 – Hudson Resources Inc. (“Hudson” or the “Company“) (TSXV: HUD, OTC: HUDRF) is pleased to provide an update on construction activities at its 100% owned anorthosite (calcium feldspar) mine in Greenland. Hudson is nearing completion of construction and is on budget with this year’s activities. Commissioning of the plant will commence in the next few weeks.
Construction is now 95% complete. Construction highlights since the last update (NR2018-08 dated August 16, 2018) include:
- Process plant building is complete.
- Product storage building is complete.
- All major mechanical equipment including conveyors, hoppers and chutes installed.
- Lillegaarden EL of Denmark has completed the main electrical installations and is expected to have all electrical components completed by the end of the month.
- The road from the port to the mine has less than 500 meters remaining to be completed.
- Currently 34 personnel on site.
James Tuer, Hudson’s President stated: “We are excited to be winding up the construction of our mine, bringing us one step closer to shipping product to our customers and generating cash flow. The execution of the construction phase this year has been a great success and has met all of our expectations from a safety, cost and scheduling perspective. This is a great reflection of the excellent team we have assembled”.
In September, Hudson was pleased to host a delegation from the Danish Ministry of Energy, Utilities and Climate, including the Minister, Mr. Lars Lilleholt. The Ministry requested the visit to learn more about the green products and CO2 reducing qualities offered by Hudson’s GreenSpar anorthosite. The Ministry’s mandate is to promote a greener and more sustainable society, which Hudson is proud to be part of.
Pictures and videos of the construction progress and the site visit can be found on the company website at https://hudsonresourcesinc.com/gallery. A short interview by the Minister on site (via Twitter) is available at https://twitter.com/MinForsyning/status/1044206117985898496.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
For further information:
James Tuer, President
Ph: 604-628-5002 or 604-688-3415
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.
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