Positive Test Results From SGS Substantiate Britannia's $100
Million Distribution Deal
1.2 Million Metric Tons of Ready Mined Iron Ore Now Validated by
Leading Global Inspection Company for Use; Britannia Set to Bring
Supply to Steelmakers
NEW YORK, NY--(Marketwired - Jun 18, 2014) - Britannia Mining,
Inc. (PINKSHEETS: BMIN) (or the Company), a UK based mining
development Company, announced today that SGS, the world's leading
inspection, verification, testing and certification company has
tested samples of the Malaysian ready mined iron ore stockpiles --
secured by Britannia -- yielding results that substantiate the
Company's strategy to supply steelmakers.
"As there are few ores that can be added directly into a
blast furnace for steel making," said Kenneth Roberts, CEO of
Britannia Mining, "these results have not only validated our
immediate iron ore supply, but also opened up additional revenue
opportunities; namely increased product supply and value adding
R&D potential."
"Between the two Malaysian 'ready mined' deals secured in March,
Britannia now has 1.2 million metric tons (Mt) ready for
distribution on a yearly basis. With opportunities increasing,
these results could not have come at a better time."
Having to first wait for the test results to determine the grade
and viable uses for the iron ore, Britannia is now well positioned
to begin generating near term revenues. With two 6,000,000
metric ton distribution deals in place spanning mines in both East
and Western Malaysia, the Company has the ability to distribute
100,000 Mt of ready mined iron ore, per month, for the next 10
years. Likely to begin distribution in the 4th QT; due to the
results of SGS chemical analysis, Britannia has been able to
prospect and identify at least 10 additional suppliers who had not
been considered prior to the SGS results.
Mr. Roberts continued, "If we combine our new distribution
opportunity with carbon reducing strategies and the capability of
new technologies, we will be able to better assist those iron ore
producers in moving towards adding value. This in turn,
increasing efficiency and delivering social and environmental
responsibility. Our upside here is tremendous."
Roberts concluded "With the opportunity to export imminent,
coupled with longer term onshore processing initiatives, the
opportunity in Malaysia could realize more than our initial
expectations."
Related Links
http://finance.yahoo.com/news/britannia-executes-second-mou-valued-130000753.html
http://finance.yahoo.com/news/britannia-executes-mou-distribute-6-125200222.html
http://finance.yahoo.com/news/britannias-asia-initiative-positions-natural-151233875.html
http://finance.yahoo.com/news/britannias-ready-mined-supply-chain-132700470.html
About SGS
SGS (http://www.sgs.com/ or http://www.sgsgroup.us.com/) is the
world's leading inspection, verification, testing and certification
company. Established in 1878, SGS is recognized as the global
benchmark for quality and integrity having transformed grain
trading in Europe by offering innovative agricultural inspection
services. The Company was registered in Geneva as Société
Générale de Surveillance in 1919.
With more than 80,000 employees and a network of more than 1,650
offices and laboratories around the world, SGS consists of ten
business segments operating across ten geographical
regions. Their core services can be divided into four
categories (i) Inspection, (ii) Testing, (iii) Certification, and,
(iv) Verification.
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