Hudson Greenland Appoints New Managing Director FOR the White Mountain Anorthosite MINE IN Greenland
FOR IMMEDIATE RELEASE TSX-V: HUD
October 16, 2020 OTC: HUDRF
NR2020-11
HUDSON GREENLAND APPOINTS NEW MANAGING DIRECTOR FOR THE
WHITE MOUNTAIN ANORTHOSITE MINE IN GREENLAND
Vancouver, BC – HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange
“HUD”; OTC “HUDRF”) is pleased to announce that Bent Olsvig Jensen has been appointed
Managing Director (MD) of Hudson Greenland A/S. Hudson Greenland holds the exploi tation
license for the White Mountain anorthosite mine in southwestern Greenland.
Bent has been a resident of Greenland for almost 25 years and has been involved in industrial
projects for 30 years. He has significant experience in the mining sector having been the Managing
Director/CEO of True North Gems Greenland and the CEO of Xploration Services Greenland A/S. As
MD of Hudson Greenland, Bent is responsible for all aspects of the operations of the White
Mountain anorthosite mine including production, safety and government and community relations.
Bent Olsvig Jensen, Managing Director, commented: “I’m very pleased to be given this opportunity
to be a part of operating and growing the White Mountain anorthosite mine along with the
excellent team already working hard on this project. I know and respect the amount of time, effort
and resources that have been spent to get the project to where it is today . With exceptional
support from the government and local communities we are focused on developing this project
to the benefit o f shareholders and stakeholders while respecting the environment and safety of
our team”.
Bent is taking on the role from Jim Cambon who has been the MD of Hudson Greenland through
construction, commissioning and start-up of the White Mountain mine. Jim will continue to play a
significant role in the White Mountain mine with a focus on growth opportunities on numer ous
revenue streams from E -Glass to paints and coatings to green aluminum and CO2 free cement
where the company is making excellent progress. Jim will continue in his role as President of
Hudson Resources Inc, which owns 3 1% of the White Mountain mine an d 100% of the Sarfartoq
Rare Earth Element (REE) and niobium/tantalum advanced exploration projects.
Jim Cambon, President commented: “I am pleased to welcome Bent to the Hudson Greenland
team. I will be working closely with Bent over the coming months to ensure a smooth
transition. With Bent taking on the operations of the mine, I will continue to work with the White
Mountain team on growing the numerous green revenue streams for this unique mine. This move
will also allow m e to focus on advancing the Sarfartoq REE project and the niobium/tantalum
project, which are exciting and strategically very important critical element projects for the EU and
North American supply chains.”
As announced on September 23 rd (NR2020-10), the White Mountain mine has recommenced
operations. Commissioning of the rotary drum dryer is near completion which will allow for year-
round operations and is expected to improve production parameters. The mine is currently
operating on a 12 hour shift with a crew of approximately 20 people. Covid-19 restrictions are still
in place with only minor impacts on the operations to date.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim 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 Company’s terms of the proposed debt
restructuring, the Company’s anticipated use of proceeds of the Debenture 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 material ly from the Company’s plans or expectations include the
outcome of shareholder and regulatory approval for conversion of the Debenture, 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. Issuance of the Debenture remains subject to
certain conditions and there is no assurance that those conditions will be met. 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.