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Hudson Resources Inc. (HUD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2250-0.0050 (-2.17%)
At close: 3:59PM EDT
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Previous Close0.2300
Open0.2200
Bid0.2250 x 0
Ask0.2300 x 0
Day's Range0.2200 - 0.2300
52 Week Range0.0800 - 0.3800
Volume21,960
Avg. Volume377,965
Market Cap40.142M
Beta (5Y Monthly)1.48
PE Ratio (TTM)N/A
EPS (TTM)-0.0110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • 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.

  • Hudson Resources Reports Assays From 35 Grab Samples Returning an Average of 19.35% Nb2O5 Along a 112 Meter Mineralized Structural Zone at the Nukittooq Niobium Project in West Greenland
    GlobeNewswire

    Hudson Resources Reports Assays From 35 Grab Samples Returning an Average of 19.35% Nb2O5 Along a 112 Meter Mineralized Structural Zone at the Nukittooq Niobium Project in West Greenland

    VANCOUVER, British Columbia, Dec. 14, 2020 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) is pleased to announce that it has received the assays from its niobium and tantalum exploration project (the “Project”) located in its wholly owned Sarfartoq exploration license in southwestern Greenland. The niobium project is called Nukittooq which means “strong man” in Greenlandic to reflect the key characteristic of niobium as a strengthener of steel. Hudson collected 38 samples from outcrop on the Project area (NR2020-13) which sits on the southern margin of the large Sarfartoq Carbonatite Complex which also hosts the Company’s ST1 Rare Earth Element (“REE”) deposit (https://hudsonresourcesinc.com/projects/sarfartoq-rare-earth-element-project/).A total of 35 grab rock samples were taken from the outcrop approximately every three meters along the 112 meters of the roughly east-west trending structure that is coincident with an elevated radiometric anomaly. Three additional samples were also collected for mineralogical work along the same outcrop. Assay results for the key elements of niobium, tantalum and uranium are shown below in Table 1.Highlights of the sampling program include: * 35 grab samples reported an average grade of 19.35% Nb2O5, 0.27% Ta2O5, 0.38% U3O8 * Including a 30-meter section with 12 grab samples with an average grade of 32.35% Nb2O5 * The highest-grade grab sample reported a value of 48.50% Nb2O5, 1.21% Ta2O5, 1.08% U3O8 The mineral of economic interest in the Project area is pyrochlore (Na, Ca)₂Nb₂O₆(OH,F), a sodium - calcium niobate with common but minor substitution by tantalum, titanium, and uranium.  The Nukittooq project is one of several niobium targets within a one square kilometer area that the Company is evaluating. The targets have similar geology supported by historical high-grade niobium assays.Pyrochlore mineralization at Nukittooq occurs as massive replacement, thin veins and disseminations within dilational zones of shear/breccia structures that cut Precambrian granite gneiss and diabase dikes. The pyrochlore is co-crystalline with aegirine, alkali feldspar, and ferric-biotite formed during metasomatism and mineralization by ultra-alkaline (fenite) solutions and coeval with dolomitic carbonatite stringers and veinlets. Some of the pyrochlore has undergone remobilization during later hydrothermal activity as evidenced by alteration overprinting.Niobium and tantalum are vital to a wide range of products in the energy, infrastructure, transportation, medical and defense sectors. The EU and the United States have designated niobium and tantalum as critical to their security and wellbeing. There are only three primary producers of niobium in the world with typical mine grades ranging from 0.56% Nb2O5 to 2.5% Nb2O5.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 grab samples were analysed by SGS Lakefield, Canada, and the laboratory has commenced mineralogical work, including QEMSCAN and microprobe analysis, which will assist to drive a metallurgical testwork program.Jim Cambon, President commented: “These results are exceptional and confirm our belief that our Sarfartoq license hosts some of the highest-grade niobium mineralization reported by a public company. Mineralogical work has commenced which will allow us to rapidly move towards a metallurgical testwork program. We will be exploring similar targets in the near vicinity with an objective to commence a drill program in the first half of 2021. We are excited to be advancing this project which is an important part of our portfolio of critical and strategic minerals in Greenland.”Table 1. Assay Result for the 35 grab samplesTag Nb2O5 %Ta2O5 %U3O8 % Tag Nb2O5 %Ta2O5 % U3O8 % Tag Nb2O5 %Ta2O5 % U3O8 % 10.02< 0.010.0 1314.500.070.22 250.55< 0.010.01 24.760.020.09 1447.100.771.06 2618.500.410.52 34.870.030.10 1536.000.530.68 2742.400.540.81 428.500.120.58 164.540.030.09 2841.600.540.83 546.700.210.53 177.870.050.15 2929.100.180.28 65.110.020.09 1826.100.400.46 304.060.030.09 71.480.020.03 1943.000.801.02 316.990.080.15 816.200.050.24 2036.800.671.05 323.750.030.07 97.630.040.14 2148.501.211.08 3313.200.080.18 104.330.020.06 2240.800.921.05 349.110.070.20 112.690.020.04 2332.300.380.52 356.500.060.14 1213.200.070.19 2428.600.380.58      A map showing locations of the samples can be found on the company website at: https://hudsonresourcesinc.com/projects/niobium-and-tantalum/.Hudson owns 100% of the Sarfartoq exploration license which hosts the Sarfartoq Carbonatite Complex, this includes the Company’s advanced Sarfartoq ST1 Rare Earth Element project which hosts 24 million kg of neodymium oxide and 8 million kg of praseodymium oxide which are key components in permanent magnets.  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.Dr. Michael Druecker is a Qualified Person, as defined by National Instrument 43-101, and reviewed the preparation of the geological and technical information in this press release.ON BEHALF OF THE BOARD OF DIRECTORS“Jim Cambon”President and DirectorFor further information: Ph: 604-628-5002Forward-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.