Stans Energy submits mining licenses for Rare Earth

Stans Energy Corp announced the submission of documentation for the licensing requirements to the Kyrgyz Government for the Kutessay II Heavy Rare Earth Deposit and the Kalesay Beryllium deposit, news agencies reported.

Stans Energy is a development-stage company focused on progressing Heavy Rare Earth (HRE) properties in parts of the former Soviet Union. Rare earth elements have many uses in the high-tech and clean tech industries.

In 2009, the company acquired a 20-year mining license for the past-producing Kutessay II rare earth mine from the Kyrgyz Republic and in 2011 Stans completed the purchase of the Kashka Rare Earth Processing Plant, the same plant that previously refined rare earth elements (REEs) historically from Kutessay II. Stans Energy, COO, Boris Aryev, stated, “Mining licenses in Kyrgyzstan are comprised of two parts: License Certificate for the term of the license, which in Stans’ case is for the period 2009 through to 2029; and a Licensing Agreement which typically are negotiated for periods of two to five years with the Kyrgyz Ministry of Natural Resources. This Licensing Agreement underlines scope of work which will be undertaken to move the project towards production.”