Hudson Awarded 30 Year Mining License for the White Mountain Anorthosite Project in Greenland
VANCOUVER, BRITISH COLUMBIA--(Sep 11, 2015) - HUDSON RESOURCES INC. (the "Company") (TSX VENTURE:HUD)(HUDRF) is very pleased to announce that the Government of Greenland has approved the 30-year exploitation (mining) license for Hudson's White Mountain anorthosite project. The exploitation license can be extended for an additional 20 years upon approval from the government. The license will be held in Hudson's 100% owned Greenland subsidiary, Hudson Greenland A/S.
Concurrent with the exploitation approval was the approval of the Impact Benefit Agreement (IBA) between Hudson, the Greenland government and the Qeqqata Municipality whose communities surround the project. The IBA will ensure that local communities and stakeholders share in the benefits of the project including employment, training, social and educational support.
- Published: 11 September 2015
- Written by Editor