Hudson Resources Announces Commencement of Production at the White Mountain Anorthosite MINE IN Greenland
Suite 420 – 1639 2nd Ave W. Tel: (604) 628-5002
Vancouver, B.C. V6J 1H3 www.hudsonresourcesinc.com
FOR IMMEDIATE RELEASE TSX-V: HUD
February 4, 2019 OTC: HUDRF
NR2019-02
HUDSON RESOURCES ANNOUNCES COMMENCEMENT OF PRODUCTION AT
THE WHITE MOUNTAIN ANORTHOSITE MINE IN GREENLAND
Vancouver, BC - HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSXV: “HUD”; OTC
“HUDRF”) is pleased to announce that commissioning has been completed and production ramp-up has
commenced at the 100% owned White Mountain Anorthosite mine in Greenland. The calcium feldspar mine
is permitted for 50 years.
Hudson has completed the testing of all major equipment components under load and the production of
GreenSpar Anorthosite product has commenced . All equipment is performing as expected, with the
exception of the secondary High Pressure Grinding Rolls (HPGR) crusher, which is currently running at
55% capacity. During construction, incorrect motors were delivered for the HPGR, which the vendor has
addressed and covered all costs related to delivery and installation of the correct motors for the crusher.
Some final parts are due to arrive next week, to enable the crusher to operate at its design capacity. The
motor replacement has delayed the commissioning schedule by approximately eight weeks and Hudson is
reviewing working capital needs as a result.
Jim Cambon, President, commented: “We are very excited to now be producing GreenSpar and preparing
for the first shipment of product to our customers. The interest in various markets for our product is excellent
and increasing as we get close to loading our first shipment. Hudson is in negotiations with several potential
customers and we expect to be able to announce a new E-Glass customer and a new paints and coatings
customer in 2019.”
Hudson has engaged a shipbroker to establish a shipper for the first shipments from Gre enland to the
United States this year . The Company is targeting the first ship ment of product in March to Charleston,
South Carolina, where Hudson has selected a port facility that can receive, warehouse and transload
material to customers worldwide.
After a thorough review of port facilities in the United States, Hudson has entered in to a Letter of Intent
(LOI) in January with Carver Maritime Charleston, LLC (Carver) a wholly owned subsidiary of Carver
Companies ( www.carvercompanies.com) to provide services and facilities in Charleston, SC for
stevedoring, offloading, storage, bagging and trans-loading in to containers and bulk material railcars and
trucks.
The LOI is for one year after which time Hudson and Carver will look to establish a large tonnage storage
facility based on a long -term contract. Carver will be responsible for the capital costs of the long -term
facility. Charleston is an excellent strategic location for both customers in the US and globally due to high
container traffic which allows for economic transport of containers needing to return to their home ports.
In accordance with Companion Policy NI 43 -101 CP (the “Instrument”) to National Instrument 43 -101),
Hudson cautions the reader that where projects are put into production without completing a feasibility study
of mineral reserves demonstrating economic and technical viability, s uch projects have historically had a
higher risk of failure with this decision.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim K Cambon”
President and Director
For further information:
Suite 420 – 1639 2nd Ave W. Tel: (604) 628-5002
Vancouver, B.C. V6J 1H3 www.hudsonresourcesinc.com
Ph: 604-628-5002 or 604-505-2157
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.