Red Moon Commences Seasonal Production at Gypsum Project
Red Moon Commences Seasonal Production at Gypsum Project St. John’s, Newfoundland and Labrador, April 27, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to provide an update on its Flat Bay Gypsum Project in western Newfoundland, immediately adjacent to its flagship Great Atlantic Salt Project. A tailwind for demand growth in natural gypsum continues to come from a reduction in supply of synthetic gypsum produced from coal-fired thermo-electric plants converting to alternative energy sources which do not produce gypsum as a by-product. Meanwhile, growth in the North American construction markets has also created a favorable backdrop for gypsum demand. Highlights: Red Moon is currently negotiating gypsum orders for 2021. Operations at the open-pit Ace mine have already commenced; In preparation for a gypsum-anhydrite resource calculation covering the entire Flat Bay Project, the Company has digitized the drill logs of 439 historic holes and […]