Hudson Resources Arranges First Bulk Shipment of White Mountain Anorthosite Product
TSX VENTURE: HUD
VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson”–TSX Venture Exchange “HUD”, OTC: HUDRF) is pleased to announce that the first shipment of GreenSpar, the company’s anorthosite product produced in Greenland, is scheduled to take place in the last week of July. Working through Simpson Spencer Young, the world’s largest independent shipbroker, the company has fixed the dry bulk ship “MV Happy Dragon” with Spliethoff Transport BV.
The dry bulk ship will load approximately 15,000 tonnes of Hudson’s GreenSpar product to be delivered to Hudson’s storage facility in Charleston, South Carolina where it will be transloaded for final shipment to various customers. Hudson is taking the opportunity presented by the lifting capability of the vessel to send several pieces of heavy equipment used during construction, which will be brought back to North America for sale.
Jim Cambon, President, commented: “We are pleased that we have reached this significant milestone of booking our first shipment of our GreenSpar anorthosite product from the mine. Having product available for customers in North America is an important part of our supply chain. This will be the first of many ships to come.”
Hudson, through Hudson Greenland A/S, owns 100% of the White Mountain Anorthosite mine in Greenland. The calcium feldspar mine is in operation and permitted for 50 years.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim K Cambon”
President and Director
For further information:
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.