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HUD - Hudson Resources Inc News Story

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Sector
Basic Materials
Size
Micro Cap
Market Cap £13.3m
Enterprise Value £44.0m
Revenue £n/a
Position in Universe 1240th / 2676

Hudson Resources Announces Product Distribution Agreement for the United States With Terra Firma

Tue 27th August, 2019 2:00pm
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VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) -- HUDSON
RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD” OTC:HUDRF) is
pleased to announce that it has entered into an agreement with Terra Firma
Company LLC (Terra Firma) to market the company's GreenSpar product line
across all of Terra Firma’s geographical coverage including the Northeast,
Southeast, Southwest and Midwest United States.

GreenSpar is a form of the mineral Anorthosite (aluminosilicate), a rare
compositional variety of plagioclase feldspar. It is unique in that it is very
dense and has a high refractive index. It can be used as a premium mineral
extender for interior paints requiring very good abrasion resistance and can
also result in a stronger finish and cost savings as a resin filler in clear
coatings. Regarding thermoplastic end uses, GreenSpar offers high hardness,
closed angular structure for low binder demand, and low Refractive Index.

Terra Firma CEO David Behan commented that "The Hudson story is quite special
- like the product they are bringing to the North American market. It is an
environmentally sustainable mining operation and a very distinctive, yet
extremely large deposit of a mineral that can provide significant performance
and environmental advantages over existing fillers. We feel that this product
can have a tremendous impact on the Paint and Plastics industry."

Jim Cambon, President of Hudson stated "We are excited to be collaborating
with Terra Firma for our entry into the North American paints, coatings and
plastics markets. Their long history of success in the performance minerals
market makes them the ideal partner."

In addition to GreenSpar, the Hudson deposit at White Mountain in Greenland
can be exploited to yield high-purity alumina and Anocrete, a CO2-free heat
resistant form of concrete. The company was recently asked by space agencies
to provide samples of its anorthosite for the purpose of simulating the lunar
landscape, which has a geology similar to the one being mined by Hudson. The
uniqueness of this mineral deposit has also resulted in a recent visit to the
mine by the US State Department as part of their assessment of strategic
minerals, including the company’s Sarfartoq rare earth project.

Terra Firma is a privately-held, multi-regional specialty chemical distributor
whose primary focus is coatings, adhesives, sealants and elastomers,
construction and plastic markets along with several other complimentary
markets. The company operates three full-service regional customer service
centers supporting the efforts of 25+ individuals dedicated to sales. Its aim
is to be best-in-class amongst technically focused distributors. Terra
Firma’s soul mission is the careful shepherding of the amazing brands we
represent. "Nothing Compares to Solid Ground."

Hudson, through Hudson Greenland A/S, owns 100% of the White Mountain
Anorthosite mine in Greenland. The calcium feldspar mine is in operation and
permitted for 50 years. 

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 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.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/05122608-8eef-4e08-8919-f229b99760ca)



GlobeNewswire, Inc. 2019
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