|Bid||0.3400 x 0|
|Ask||0.3950 x 0|
|Day's Range||0.3500 - 0.3700|
|52 Week Range||0.3200 - 0.5300|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OTC “HUDRF”) is pleased to report that it has entered into definitive agreements with its lender, Cordiant Capital Inc. and its affiliates (“Cordiant”), with respect to the loan increase and extension originally announced on March 29, 2019. The definitive agreements also provide for a further US$3 million loan facility increase to be disbursed upon the fulfillment of certain conditions. Upon the Company receiving this further loan increase it will, at that time, issue an additional 900,000 warrants having the same terms as the warrants described above.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) is pleased to announce that the White Mountain process plant ramp up has achieved 50% capacity and production continues to increase. It is also the feed material that Hudson will micronize to produce GreenSpar15 for the paints, coatings and plastic markets. As previously announced, the company has had several challenges in the production ramp up, which are now well on their way to being resolved. The secondary High Pressure Grinding Roll (HPGR) is limited in capacity to approximately 70% while the company awaits the new gear boxes and ancillary parts. The delivery of these parts has been delayed by approximately one month, but they are expected to arrive on site in mid-May. These parts will be installed when the first ship comes in and the plant is shut down for 3-5 days during loading.
HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) is pleased to announce that an agreement has been reached with Hudson’s lender, Cordiant Capital Inc. (“Cordiant”) to provide additional working capital and to extend the maturity and first principal payment of its loan by one year. The additional working capital is required to cover costs associated with delays to full production and equipment performance. Cordiant is arranging an increase of up to US$8M to the current loan facility of US$22.5M to be used for working capital purposes, of which Cordiant will provide a minimum of US$5M.
HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) has granted incentive stock options under the Company's stock option plan to directors and employees to purchase a total of 1,610,000 shares at a price of $0.45 per share. The options are exercisable for a period of five years, subject to the policies of the TSX Venture Exchange.
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OTC “HUDRF”) is pleased to announce that commissioning has been completed and production ramp-up has commenced at the 100% owned White Mountain Anorthosite mine in Greenland. Hudson has completed the testing of all major equipment components under load and the production of GreenSpar Anorthosite product has commenced. The motor replacement has delayed the commissioning schedule by approximately eight weeks and Hudson is reviewing working capital needs as a result.
OTC “HUDRF”) is pleased to announce that Jim Cambon has been appointed President of the Company, effective January 31, 2019. Jim joined Hudson in 2007 and has been involved in all aspects of the Company`s development that resulted in the completion of construction of the White Mountain Project GreenSpar (anorthosite) processing plant in Greenland at the end of 2018. James started the Company in 2002 and led it from resource prospector to successfully constructing only the 5th operating mine in Greenland in over a century.
Hudson Resources Inc. ("Hudson" or the "Company") (TSXV: HUD, OTC: HUDRF) is pleased to announce that construction at its 100% owned anorthosite (calcium feldspar) mine in Greenland is now complete and commissioning is underway. Pictures of the commissioning progress can be found on the company website at https://hudsonresourcesinc.com/gallery.