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Hudson Resources Inc. (HUD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1750-0.0050 (-2.78%)
At close: 11:00AM EDT
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Previous Close0.1800
Open0.1750
Bid0.1750 x 0
Ask0.1800 x 0
Day's Range0.1750 - 0.1750
52 Week Range0.0800 - 0.3800
Volume59,930
Avg. Volume394,272
Market Cap31.222M
Beta (5Y Monthly)1.42
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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News
  • Hudson Provides Update on Greenland Elections of April 6th, 2021
    GlobeNewswire

    Hudson Provides Update on Greenland Elections of April 6th, 2021

    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 “Jim Cambon” President and Director For further information:Ph: 604-628-5002 Forward-Looking StatementsCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, , an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

  • Hudson Initiates Metallurgical Testwork Program on the Nukittooq Niobium – Tantalum Project in Greenland
    GlobeNewswire

    Hudson Initiates Metallurgical Testwork Program on the Nukittooq Niobium – Tantalum Project in Greenland

    VANCOUVER, British Columbia, March 15, 2021 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that metallurgical testwork has commenced on samples from the Nukittooq niobium - tantalum project (“Nukittooq project”) in Greenland. The testwork is being undertaken at SGS Lakefield, Canada, on high-grade niobium tantalum grab samples collected in 2020, under the supervision of Hudson’s consulting Metallurgist, John Goode. The Nukittooq project occurs within the 100% owned exploration license that covers the Sarfartoq Carbonatite Complex in southeast Greenland. This exploration license also hosts the Company’s ST1 rare earth element (REE) project where Hudson has completed a NI 43-101 Technical Report which outlined a resource of 24 million kg of neodymium oxide and 8 million kg of praseodymium oxide, the two key components in permanent magnets which are driving the green economy. Neodymium oxide is currently trading at over US$100/kg. The carbonatite complex remains largely unexplored. Hudson assayed 35 grab samples from the Nukittooq project (announced December 14, 2020) with an average grade of 19.35% Nb2O5, 0.27% Ta2O5, 0.38% U3O8 over 112 meters, including 12 grab samples over a 30-meter section with an average grade of 32.35% Nb2O5. Hudson has to date identified several high-grade niobium occurrences within a one-kilometer square zone. This zone will be further evaluated during the Company’s 2021 field program with the objective of outlining drilling targets. Mineralogical work, which included ore microscopy and QEMSCAN, was recently completed by SGS on grab samples from the Nukittooq project. This work provided very encouraging results with respect to liberation characteristics of the niobium – tantalum minerals and the potential for coarser grinding versus fine grinding for optimum mineral separation which may benefit project economics. Metallurgical testwork currently underway at SGS includes: Stage-grinding and de-slimingLow-intensity magnetic separation (to reject iron minerals)Gravity separationMagnetic separationBatch flotation testing Previous license holders of the Nukittooq project completed a significant amount of metallurgical testwork which resulted in a feasibility study completed at Curtin University, Australia. Hudson will be building on this extensive work utilizing the most recent technologies with the objective of producing a high-grade niobium - tantalum concentrate in Greenland for export. Jim Cambon, President commented: “I am pleased to have commenced the metallurgical program on this high-grade niobium – tantalum target at our 100% owned Nukittooq project. The results of this work will allow us to start to define how we can make a cost-effective niobium – tantalum concentrate in Greenland. The mineralogical work and further geological work will help us understand the origins of the high-grade niobium – tantalum mineralization which will be important in targeting a significant resource at Nukittooq.” Niobium and tantalum are vital to a wide range of products in the energy, infrastructure, transportation, medical and defense sectors. The United States and European Union have designated niobium and tantalum as critical to their security and wellbeing. The niobium price has averaged US$42/kg over the past five years with expected demand growth of 8%/annum. Tantalum currently trades at US$150/kg. The Company is also advancing its 100% owned Sarfartoq REE project and is currently selecting a laboratory to undertake additional metallurgical flow sheet testwork. The testwork objectives are to further improve rare earth concentrate grades and recoveries and will take advantage of recent advances in metallurgy and hydrometallurgy as well as new developments in reagents and technology. Previous metallurgical testwork utilizing acid baking and leach tests confirmed 94% recovery of rare earths and the ability to make a 45% REO carbonate product. Hudson 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. The White Mountain mine has recommenced operations with the commissioning of the rotary drum dryer completed. This allows 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 15 people. Covid-19 restrictions are still in place with only minor impacts on the operations to date. J.R. Goode, P. Eng., is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the metallurgical and technical information in this press release. ON BEHALF OF THE BOARD OF DIRECTORS “Jim Cambon” President and Director For further information:Ph: 604-628-5002 Forward-Looking StatementsCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as announced or at all, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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.

  • Early Warning News Release of Coal Island Ltd.
    GlobeNewswire

    Early Warning News Release of Coal Island Ltd.

    VANCOUVER, British Columbia, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Coal Island Ltd. (“Coal Island”), with an address at 310 10991 Shellbridge Way, Richmond, British Columbia, V6X 3C6, announced today that on February 26, 2021, Coal Island disposed (the “Transaction”) of 18,466,827 common shares (the “Common Shares”) of Hudson Resources Inc. (the “Issuer”) at a price of $0.15566 per Common Share for gross aggregate proceeds of $2,874,546. Coal Island disposed of the Common Shares through the facilities of the TSX Venture Exchange. The head office of the Issuer is located at Suite 420 – 1639 West 2nd Avenue, Vancouver, BC, V6J 1H3. Immediately before the Transaction, Coal Island controlled over 18,466,827 Common Shares and 5,555,556 warrants (the “Warrants”) of the Issuer, representing approximately 10.35% of the issued and outstanding common shares of the Issuer on an undiluted basis and approximately 13.06% of the issued and outstanding common shares of the Issuer on a partially-diluted basis, assuming the exercise of the Warrants. Robert Shields, the Chief Executive Officer of Coal Island, also holds 250,000 options of the Issuer. After completion of the Transaction, Coal Island controls a total of 0 Common Shares and 5,555,556 Warrants, representing approximately 0% of the issued and outstanding common shares of the Issuer on an undiluted basis and approximately 3.03% of the issued and outstanding common shares of the Issuer on a partially-diluted basis, assuming the exercise of the Warrants. Robert Shields will continue to hold 250,000 options. Coal Island received $0.15566 per Common Share and aggregate gross consideration of $2,874,546 for the Common Shares. Coal Island disposed of the Common Shares for investment purposes. Coal Island intends to evaluate its investment in the Issuer and to increase or decrease its beneficial shareholdings from time to time as Coal Island may determine appropriate for investment purposes. This press release is issued pursuant to early warning requirements of National Instrument 62-104 and National Instrument 62-103, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the “Early Warning Report”). A copy of the Early Warning Report will be available under the Company’s SEDAR profile at www.sedar.com and may be obtained by contacting Christine Woodington of Coal Island, at (604) 877- 5350.