Stans enters into MoU for acquisition of Russian iron oxide project

By Kasia Patel
Published: Tuesday, 30 December 2014

The acquisition of the Rudniy Log iron oxide deposit in Russia is a step away from rare earths by Stans, as the company has been involved in a long-running dispute regarding the ownership of mining rights at its Kutessay II rare earths project in Kyrgyzstan. The company plans to produce higher value refined products through the purchase of existing patents and the Skolkovo initiative to satisfy global demand.

Canadian rare earths junior Stans Energy Corp. has entered into a memorandum of understanding (MoU) for the acquisition of the Rudniy Log specularite (iron oxide) mineral resource in the Altai Republic, Russia, from GRK Metalli Altaya LLC.

Both companies have agreed to work together on the possible development of the...

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