Stans Energy Reports on Canadian Minister of State Visit to Kyrgyzstan
May 26, 2014 (Source: Businesswire) — Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to report that the Honourable Lynne Yelich, Minister of State (Foreign Affairs and Consular), recently wrapped up a successful visit to the Kyrgyz Republic, where she advanced Canada’s social, political and economic interests, as well as religious freedom, in the region.
During her visit Minister Yelich met with various members of the Kyrgyz government, including Prime Minister Joomart Otorbayev, Valery Dil, Deputy Prime Minister Responsible for Economy and Investment Climate, and Orozbek Moldaliev, Director of the State Commission on Religious Affairs. Stans Energy Corp. and the ongoing challenges that it is facing were on the agenda as were the issues facing other Canadian mining firms operating in Kyrgyzstan.
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“Our two countries have a budding relationship, which has continued to grow since the Kyrgyz Republic became a genuine parliamentary democracy in Central Asia, following the Tulip Revolution and consolidation of its democratic gains in 2010,” said Minister Yelich. “I was grateful for the opportunity to meet with the Kyrgyz government to discuss ways in which we can continue to work together to enhance prosperity, democracy, the rule of law and security in the region.”
Minister Yelich wrapped up her visit by meeting with a number of business leaders, with whom she promoted Canada’s investment ties in the country.
“With a number of Canadian mining companies already active in the country, the Kyrgyz Republic holds great potential in the extractive sector,” said Minister Yelich. “We are working hard to build on our commercial relationship, and my visit has helped confirm that we are headed in the right direction.”
About Stans Energy
Stans Energy Corp. is a resource development company focused on progressing Heavy Rare Earth (HRE) properties in areas of the Former Soviet Union. In December 2009, Stans acquired a 20-year mining license for the past-producing Kutessay II rare earth mine from the Kyrgyz Republic. On May 26, 2011 Stans completed the purchase of the Kashka Rare Earth Processing Plant (KRP) the same plant that previously refined REEs historically from Kutessay II. The KRP was the only hard rock plant to produce all rare earth elements outside of China, producing 120 different metals, alloys, and oxides. For over 30 years, Kutessay II produced 80% of the rare earth metals for the former Soviet Union.
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FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, use of proceeds from the Offering, the completion of the Offering, the continued advancement of the company’s general business development, research development and the company’s development of mineral exploration projects. When used in this press release , the words “will”, “shall”, “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although Stans Energy Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>