Britannia Executes Second MOU Valued at Over USD $60 Million With East Malaysian Iron Ore Producer
March 20 2014 - 09:00AM
Marketwired
Britannia Executes Second MOU Valued at Over USD $60 Million With
East Malaysian Iron Ore Producer
Malaysia Proves Opportune for Britannia; Management Has Now
Secured a Total of Over $100 Million in Ready Mined Distribution
Arrangements
NEW YORK, NY--(Marketwired - Mar 20, 2014) - Britannia Mining,
Inc. (OTC Pink: BMIN) (PINKSHEETS: BMIN) (or the Company), the
successor of a merger between UK based mining development company
Britannia Mining Plc and U.S. based Micron Enviro Systems [Former
Symbol: MSVS], announces that CEO, Kenneth Roberts, has
successfully secured a Memorandum of Understanding (MOU) with a
second iron ore producer, located in East Malaysia, to distribute
600,000 metric tons (Mt) of ready mined iron ore each year for a
minimum of 5 years.
"We have now positioned Britannia for more sustainable revenue
and growth opportunities, by securing high grade ready mined iron
ore supply from not one, but two, independent natural resource
mineral producers," stated Kenneth Roberts, CEO of Britannia
Mining. "This additional supplier will inject Britannia with
another stream of ongoing iron ore that will contribute to the
company's monthly revenue. With these strategic relationships, we
should be able to continue securing product throughout the country
and substantially increasing our supply chain."
Management previously announced that the company had been
courting relationships in both Asia & Spain, looking to expand
their development and distribution of ready mined resources with a
look to ramp up the metals division. Executives indicate that this
trip has yielded far more value than expected; by way of two iron
ore stockpile arrangements that total in excess of $100 Million
Dollars, along with the possibilities of establishing a division
specific to the distribution of agricultural resources -- such as
Palm Kernal, Rubber, Industrial Hemp and other feedstocks.
Mr. Roberts continued, "Our Malaysian liaison has assisted us
greatly in creating inroads with producers of ready mined minerals
and agricultural product. As previously mentioned however, our
focus will remain on ready mined iron ore, as it is a bountiful
resource in Malaysia and currently accessible."
"As we prepare to visit our Spain prospects, we are very
confident, we will have the ability to finalize definitive
agreements with both Malaysian iron ore suppliers within the next
few weeks. This will begin an immediate yearly distribution of 1.2
million metric tons of ready mined iron ore product; generating
near term revenue for Britannia," concluded Roberts.
About Britannia
Mining Britannia Mining is a natural resources development
company that is focused on acquiring high quality mineral, mining
and other commodity based projects. The company is committed to
developing revenues by conducting exploration, evaluation and
trading activities. The company's mission is to secure commodities
by developing immediate and near term product pipelines for iron
ore and other natural resources.
Acquisition Focus The company is targeting revenue
producing assets and is currently in negotiations regarding
acquisition and trading of mineral stockpiles.
Exploration Focus The company has been developing a
high grade iron ore project in Malawi and is currently renewing the
Exclusive Prospecting License (EPL) for iron ore over 650 sq km at
Nthale Blantyre. The company is targeting 100 Million Tons (MT)
iron at Nthale Hill (20 sq km).
Britannia Mining has inherited the legacy projects (Gold claims)
of the former Micron Enviro Systems in the Yukon and plans to
conduct sampling on this area.
For more information, please visit www.BritanniaMining.com.
Safe Harbor This
news release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some
cases, you can identify forward-looking statements by terminology
such as "may,'' "should,'' "expects,'' "plans,'' "anticipates,''
"believes,'' "estimates,'' "predicts,'' "potential'' or "continue''
or the negative of these terms or other comparable terminology.
These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, including the
securities laws of the United States, the Company does not intend
to update any of the forward-looking statements to conform these
statements to actual results. Readers are referred to the sections
entitled "Risk Factors'' in the Company's periodic filings with the
United States Securities and Exchange Commission, which can be
viewed at http://www.SEC.gov. For all details regarding working
interests in all of BMIN's mining prospects or any previous news
releases go to OTC Markets website. You should independently
investigate and fully understand all risks before making investment
decisions.
Contact information Team BMIN (646) 580-1153
www.britanniamining.com