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HUD - Hudson Resources Inc News Story

C$0.11 -0.0  -15.4%

Last Trade - 07/08/20

Sector
Basic Materials
Size
Micro Cap
Market Cap £11.2m
Enterprise Value £42.0m
Revenue £n/a
Position in Universe 1310th / 2679

Hudson Provides Update on Covid-19 Response

Thu 19th March, 2020 7:14pm
Hudson Provides Update on Covid-19 Response

VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- HUDSON RESOURCES INC. (“Hudson” or the “Company”) – TSX Venture Exchange “HUD”; OTC “HUDRF”) owns and operates the White Mountain (Qaqortorsuaq) anorthosite mine in Greenland through its wholly owned subsidiary, Hudson Greenland A/S.  Hudson Resources also holds the Sarfartoq rare earth element and niobium exploration license in Greenland. 

In response to the Covid-19 pandemic, Hudson is implementing a revised operational plan to ensure that our employees’ health and wellbeing is the highest priority.  The Company also needs to adhere to new guidelines being implemented by the Greenland Government.  All employees of Hudson Resources Inc. and Hudson Greenland A/S are currently healthy, but two cases of Covid-19 have been reported in Greenland’s capital of Nuuk. 

Going forward, Hudson will have 10 employees stay on site to continue with the rotary drum dryer installation and other plant and infrastructure improvement projects.  This crew will stay on site for the next four weeks.  All regularly scheduled weekly rotations will be cancelled for the next month with only food and parts shipments coming in. This will allow for a working quarantine on site.  This schedule will stay in place until further notice.

Jim Cambon, President commented: “We appreciate our team’s cooperation and commitment in dealing with this unprecedented situation.  Many of our employees will be forgoing their normal rotations and staying away from their families longer in order to ensure site activities can continue. Hudson will continue to follow the guidelines set out by the Greenland Health Authorities including travel restrictions which have recently been implemented both domestically and internationally from Greenland.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim K 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 use of proceeds from the financing, 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.

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