Hudson Resources Announces Results From Initial Sampling at the Gronne Bjerg Anorthosite Project and Commencement of Green Alumina Testwork - Seite 2

Based on the high chemical quality of anorthosite sampled, Hudson has initiated a testwork program at SGS Lakefield in Canada to produce a green waste-free smelter grade alumina utilizing the flowsheet developed by the Company from 2013 through 2015 (see NR2013-07, NR2014-01, NR2014-05). This significant testwork culminated in a robust Preliminary Economic Assessment (PEA) for specialty alumina production (see NR2015-01). The PEA demonstrated that a quality alumina product can be made while producing zero tailings and only useful by-products, compared to bauxite which produces almost four tonnes of caustic tailings per tonne of aluminum.

The SGS testwork program will take approximately four months to complete with the objective of producing green alumina suitable as a feed material for aluminum producers.

Jim Cambon, President, commented “The initial assay results from our 100% owned Gronne Bjerg anorthosite project are exceptional and our strong treasury will allow us to advance a testwork program to produce ‘green’ smelter grade alumina in the coming months. Over the past decade we have gained significant expertise in the evaluation, mining and product development of anorthosite. With this knowledge and over 15 year’s experience operating in Greenland we plan to rapidly advance the Gronne Bjerg project. Hudson is focussed on anorthosite as the future for green aluminum production. We also plan to commence a testwork program in 2023 to build on previous successful R&D to produce a CO2-free white cement product. The 2023 field program at Gronne Bjerg will include further definition of the anorthosite body and bulk sampling to provide material for ongoing R&D work.”

The Company is in discussions with industrial and technology groups to potentially partner on green alumina and green cement projects. This aligns perfectly with Hudson’s core values in the creation of green products that we believe will attract ESG investors.

Green Aluminum

Hudson strongly believes that anorthosite is the future for green aluminium production which will increasingly be demanded by consumers. Global aluminum demand is expected to increase by almost 40 per cent by 2030 (CRU Report, May 2022). A recent World Bank report described aluminum as crucial for the energy transition as the metal is critical to solar power panels and electric vehicles. The amount of aluminum used in European cars increased by 18% from 174kg in 2019 to 205kg in 2022 according to automotive consultancy Ducker Carlisle (Mining.com May 2023). The report predicts this trend will continue to increase to 256kg per vehicle by 2030. China currently accounts for 58% of global output of aluminum. Europe has traditionally relied on Russia for aluminum supply.