VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”, OTC “HUDRF”).
On April 6th, 2021, Greenland held elections in which the Inuit Ataqatigiit party (IA) won 12 of the 31 seats with 37% of the votes. The IA party is currently in negotiations with other parties to form a coalition government. The party is led by Múte Egede who was a former Minister of Mining in Greenland between 2016 and 2018 during which time he visited the White Mountain anorthosite project.
Since winning the election, the IA party has publicly stated that they are pro-mining and cited Hudson as a good example of the importance of mining in Greenland. The IA party has a strong environmental platform which Hudson is supportive of.
The IA party has stated that it is opposed to the export of uranium for nuclear purposes. Under Greenland mineral legislation all exploration licenses, including those granted to Hudson, do not provide the right to export and sell radioactive elements. Although Hudson’s rare earth element and niobium-tantalum projects do contain minor amounts of thorium or uranium, Hudson will not export and sell these elements and they will be dealt with in an environmentally responsible manner. The nearest community to Hudson’s projects is approximately 80 km away.
Jim Cambon, President commented: “I have congratulated Múte Egede on his victory and have also reached out to numerous government officials and community leaders in Greenland. Based on these discussions we are confident that it is business as usual for Hudson’s projects. Hudson has always done what we promised in Greenland and treated people fairly while respecting all stakeholders and the environment, and as such, we believe we have earned the respect of local communities and the government. We look forward to working with the new government in the continued operation of the White Mountain anorthosite mine and in the advancement of our rare earth elements project and our niobium-tantalum project.”
Hudson owns 100% of the Sarfartoq REE project and Nukittooq niobium-tantalum project in Greenland and also holds a 31.1% interest in Hudson Greenland A/S which owns the White Mountain Anorthosite mine in Greenland, where the Company provides operational, marketing and sales support.
ON BEHALF OF THE BOARD OF DIRECTORS
President and Director
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