VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 29, 2014) - HUDSON RESOURCES INC. (the "Company") - (TSX VENTURE:HUD) (OTCQXHUDRF) is pleased to announce the completion of a successful trial test with Owens Corning of the White Mountain calcium feldspar anorthosite in a production E-Glass fiberglass furnace. Hudson and Owens Corning are working together to evaluate the application of the White Mountain anorthosite as a significant input material for the production of E-Glass fiberglass.
"The successful application of the White Mountain anorthosite in a commercial glass fiber furnace is a significant milestone for our Company," stated James Tuer, President of Hudson. "We are excited to be working with Owens Corning, who are not only the inventors of fiberglass but also the industry leaders in fiberglass manufacturing and innovation. We look forward to continuing to work with Owens Corning to put the material to use commercially."
Owens Corning (OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune® 500 company for 60 consecutive years and in business for more than 75 years, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.3 billion in 2013 and about 15,000 employees in 27 countries.
The White Mountain Anorthosite project is 100% owned by Hudson. The anorthosite has three potential high-value applications which are being investigated, as follows:
- A new source of feedstock to the high end fiberglass (E-glass) industry
- A new source of filler and coating material used extensively by the plastics, paints and paper industries
- A new source of alumina to supply aluminum smelters
The Company has initiated the White Mountain mine licensing process in Greenland with the submission of the engineering study, the Environmental Impact Assessment and the Social Impact Assessment to the Government of Greenland's Mineral Licence and Safety Authority.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, President
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 plans for the completion of a financing and the intended terms and use of proceeds thereof, 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.
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