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Red Moon Commences Seasonal Production at Gypsum Project Red Moon Resources Inc.
ST. JOHN’S, Newfoundland and Labrador, April 27, 2021 (GLOBE NEWSWIRE)
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.