2014-02-26 20:00:10 -
Toronto, Ontario CANADA, February 26, 2014 /FSC/ - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF"Stans" or the "Company is pleased to announce that the Federal Service for Technical and Export Control of the Russian Federation ("FSTEC has granted a special export licence to Stans Energy.
This special export licence allows for the export and use of key cracking technology by Stans Energy Corp., which was developed by the Company's Russian contractors, the Russian Research Institute of Chemical Technology ("VNIIHT This cracking technology is vital to production at the Company's Heavy Rare Earth Project Kutessay II. Cracking is an important step in the production of a concentrate free of radioactive and gangue minerals.
VNIIHT has successfully tested a contained, environmentally friendly
process for extracting thorium, radium, and fluorine from Kutessay II rare earth concentrates. In addition to this achievement, VNIIHT's new cracking method yielded a greater recovery of rare earths from historical concentrates - 95% at the impurity removal stage, and 93% at the nitrate-creation stage. The final product of these tests was a 98% pure combined RE Oxide (REO) nitrate solution.
The concentrate produced by the new planned Plant #1 will be further refined through solvent extraction into individual rare earth oxides and then into pure metals. VNIIHT is currently working on new proprietary technology that will facilitate this individual separation and has already submitted three of five volumes of the separation report to Stans. The export licence for these reports was granted by FSTEC upon completion of Report #1 through a simplified process due to the absence of nuclear materials technology involved.
Technical experts as Kashka Rare Earth Processing ("KRP") will now begin optimizing the engineering for the required flow sheet for the cracking facility which is planned to be the new Plant #1 at KRP. Ongoing legal issues within Kyrgyzstan are preventing Stans in proceeding with pilot testing of the new technology due to continuing work injunctions at the mine site.
"This licence grant represents the culmination of a very complicated approval process due to the nature of the technology and the sensitive features associated with it. I would like to first thank the officials at FSTEC along with the experts from ROSATOM who provided their opinions on the clearance of this new technology. I would also like to thank the Canadian Nuclear Safety Commission for their co-operation in assisting the Company on this matter. This cooperation reflects the international collaboration necessary to develop supply chains as complex as those required for rare earth elements. Stans Energy Corp is fortunate to be a recipient of strong government support from both the Russian Federation and Canada," states Rodney Irwin, Interim President and CEO.
The Federal Service for Technical and Export Control of the Russian Federation forms a federal executive authority implementing national policy, organizing interdepartmental coordination and interaction, and exercising special and control functions in the sphere of state security concerning the following topics: information security in information and telecommunication infrastructure systems, foreign technical intelligence countermeasures, protection of sensitive information constituting a state secret, information protection in the course of development, manufacture , operation and disposal of non-informative emitting complexes, systems and devices, and export control. www.fstec.ru
About Stans Energy
Stans Energy Corp. is a resource development company focused on progressing Heavy Rare Earth (HRE) properties in areas of the Former Soviet Union. In December 2009, Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine from the Kyrgyz Republic. On May 26, 2011 Stans completed the purchase of the Kashka Rare Earth Processing Plant (KRP) the same plant that previously refined REEs historically from Kutessay II. The KRP was the only hard rock plant to produce all rare earth elements outside of China, producing 120 different metals, alloys, and oxides. For over 30 years, Kutessay II produced 80% of the rare earth metals for the former Soviet Union.
The Russian Research Institute of Chemical Technology (VNIIHT) was founded in April 1951. VNIIHT's objective was to focus on the exploration and development of technologies and raw materials for use in the Soviet nuclear energy sector. VNIIHT technologies were, and continue to be implemented during the main stages of the nuclear fuel cycle. This includes the processing of Uranium and Rare Metal Ores through to the generation of nuclear-pure materials. VNIIHT's sixty years of chemical technology experience combined with their capabilities of executing the complete cycle of rare earths research, development, and production will give Stans Energy a significant advantage relative to its competitors outside of China. www.vniiht.ru
We seek safe harbour.
Stans Energy Corp
Interim - President & CEO
Stans Energy Corp
VP Corporate Development
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, use of proceeds from the Offering, the completion of the Offering, the continued advancement of the company's general business development, research development and the company's development of mineral exploration projects. When used in this press release , the words "will", "shall", "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Stans Energy Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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Source: Stans Energy Corp. (TSX-V: HRE) www.stansenergy.com
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