May 18, 2021
NR2021-03
Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that significant progress has been made in the production of a green, waste free smelter grade alumina product from anorthosite (CaAl2Si2O8) from the White Mountain mine in Greenland. Hudson has a 31.1% equity interest in the White Mountain mine and rights to acquire 100%.
Hudson engaged Kingston Process Metallurgy Inc. (KPM) in Kingston, Ontario, Canada, to produce four kilograms of smelter grade alumina (Al2O3) made from the White Mountain anorthosite. The smelter grade alumina produced will be sent to several major aluminum producers who have requested the product for evaluation. The KPM program is expected to be completed in approximately one month. Additional alumina testwork is also being conducted by a group in Europe.
Hudson has undertaken a significant amount of work over the past eight years investigating the production of specialty grade alumina and smelter grade alumina from anorthosite. In March 2015, Hudson announced the results of a robust Preliminary Economic Assessment (refer NR2015-01). KPM is utilizing a flowsheet developed by Hudson which uses known and proven technologies to extract +90% of the aluminum from the anorthosite. The process produces a smelter grade alumina designed to meet the specifications of the major aluminum smelters. The Hudson process is scalable and only produces saleable byproducts and zero waste and is therefore green which aligns to Hudson’s operating philosophy. The Bayer process, which is used extensively in aluminum production, uses a feedstock of bauxite ore and a process which requires the use of high temperature caustic soda solution. As a consequence, the Bayer process produces almost four tonnes of toxic waste, known as “red mud”, for every tonne of aluminum produced. The disposal and environmental issues created by the Bayer process is of huge concern to aluminum producers as well as the environmental community due to amount of toxic waste produced.
Jim Cambon, President commented: “I am pleased to announce our production of green smelter grade alumina is progressing well with significant interest from aluminum producers and end users who are demanding a greener aluminum. We believe our process of producing waste-free alumina from anorthosite will be a key component in the development of green aluminum. By eliminating all caustic red mud tailings our process removes one of the most polluting aspects of aluminum production. Our timing is perfect to bring to the market a green, zero-waste aluminum product and we continue discussions with potential partners to bring this to commercialization.”
Hudson also owns 100% of the Sarfartoq REE project and Nukittooq niobium-tantalum project in Greenland. The Sarfartoq project has a 43-101 resource outlining 35M kilograms of neodymium oxide and praseodymium oxide, the two key components in permanent magnets driving the green revolution. The Nukittooq project has some of the highest reported niobium assays in the industry (see NR2020-15).
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Cambon”
President and Director
For further information:
Ph: 604-628-5002
Forward-Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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