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Stans Energy Corp. (TSX-V: HRE.V) Preparing to Produce First Product of Heavy Rare Earth Oxides, Investors Responding

Posted on June 19, 2012 by OTC Equity

Following Stans Energy Corp.'s (TSX-V: HRE.V) press release last Tuesday announcing that Plant #3 of their Kashka REE Plant (KRP) will be ready for operational testing by mid-July 2012, and by August 30, 2012, the KRP is expected to be ready to produce its first product- Heavy Rare Earth Oxides of Dysprosium, Gadolinium, and Erbium to 99.99% purity, shares of the resource development company focused on progressing Heavy Rare Earth (HRE) properties in areas of the Former Soviet Union climbed to a high of 0.95, the highest they've been since early March. While shares have dipped since hitting that high, currently trading around the 0.81 level, they remain well ahead of their 50-day moving average of 0.69 and within reach of their 200-day moving average of 0.82. Trading volume has also picked up for HRE.V over the past week, averaging nearly 224,000 during a five-day span. ...

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