Great Bear Resources

Hudson Resources Announces Product Distribution Agreement for the United States With Terra Firma

VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD” OTC:HUDRF) is pleased to announce that it has entered into an agreement with Terra Firma Company LLC (Terra Firma) to market the company's GreenSpar product line across all of Terra Firma’s geographical coverage including the Northeast, Southeast, Southwest and Midwest United States.

GreenSpar is a form of the mineral Anorthosite (aluminosilicate), a rare compositional variety of plagioclase feldspar. It is unique in that it is very dense and has a high refractive index. It can be used as a premium mineral extender for interior paints requiring very good abrasion resistance and can also result in a stronger finish and cost savings as a resin filler in clear coatings. Regarding thermoplastic end uses, GreenSpar offers high hardness, closed angular structure for low binder demand, and low Refractive Index.

Terra Firma CEO David Behan commented that "The Hudson story is quite special - like the product they are bringing to the North American market. It is an environmentally sustainable mining operation and a very distinctive, yet extremely large deposit of a mineral that can provide significant performance and environmental advantages over existing fillers. We feel that this product can have a tremendous impact on the Paint and Plastics industry."

Jim Cambon, President of Hudson stated "We are excited to be collaborating with Terra Firma for our entry into the North American paints, coatings and plastics markets. Their long history of success in the performance minerals market makes them the ideal partner."

In addition to GreenSpar, the Hudson deposit at White Mountain in Greenland can be exploited to yield high-purity alumina and Anocrete, a CO2-free heat resistant form of concrete. The company was recently asked by space agencies to provide samples of its anorthosite for the purpose of simulating the lunar landscape, which has a geology similar to the one being mined by Hudson. The uniqueness of this mineral deposit has also resulted in a recent visit to the mine by the US State Department as part of their assessment of strategic minerals, including the company’s Sarfartoq rare earth project.

Terra Firma is a privately-held, multi-regional specialty chemical distributor whose primary focus is coatings, adhesives, sealants and elastomers, construction and plastic markets along with several other complimentary markets. The company operates three full-service regional customer service centers supporting the efforts of 25+ individuals dedicated to sales. Its aim is to be best-in-class amongst technically focused distributors. Terra Firma’s soul mission is the careful shepherding of the amazing brands we represent. "Nothing Compares to Solid Ground."

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:
Ph: 604-628-5002

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.

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Hudson Resources

Last Trade: C$0.17
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Market Cap: C$30.280M

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