Stans Energy Corp. (TSX VENTURE:RUU) announced that the company has acquired a mining licence for the former producing Rare Earth Elements (REEs) mine, Kutessay II, in Kyrgyzstan.

The press release is quoted as saying:

Stans Energy Corp. has commenced a feasibility study on restarting production at Kutessay II. A NI 43-101 report will be done in conjunction with the feasibility study. Stans will be working with the original Russian engineering institutes that designed the mine, mill and processing plants to modernize the efficiency of producing the end products that were mined. There is a vast database on this past-producing mine and Stans is in the process of translating the information so it can be made available to investors.

Click here to access the entire press release ^[1]

Click here to access Stans Energy Corporate Site ^[2]