Liberty Star Submits Testimony to US House of Representatives Committee on Natural Resources RE: Strategic Rare Earth Elements
July 23 2014 - 9:35AM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or
the “Company”) (OTCQB: LBSR) is pleased to announce written
Testimony for the Record has been submitted to the US House of
Representatives Committee on Natural Resources Subcommittee on
Energy and Mineral Resources for the July 23rd hearing on
''American Metals and Mineral Security: An examination of the
domestic critical minerals supply and demand chain.''
CEO/Chief Geologist Jim Briscoe's address to Shareholders “About
Rare Earth Elements” (August 7, 2013) is included in the
testimony.
Briscoe’s opening remarks are also included in the Testimony for
the Record:
“I am founder, CEO and Chief Geologist of
Liberty Star Uranium & Metals Corp., an Arizona-based mineral
exploration company engaged in the acquisition and exploration of
mineral properties in the states of Arizona and Alaska. Last year I
addressed the shareholders of the company regarding the urgent and
continuously growing need for rare earth elements (REEs) by
industry and the military. I submit that communication here today
for the subcommittee’s reviews.
Before presenting that communication, I would
like to give the Committee some background on what I believe could
be a large and reliable source of rare earth elements in southeast
Arizona. While more exploratory work is required, my company
discovered the presence of at least 4 of the 17 REEs while
conducting geochemical surveys for copper and gold in southeast
Arizona, near Tombstone, Arizona, in an area we call the Hay
Mountain Project.
In May 2012 we reported via news release (NR
122): ''A surprising presence of rare earth elements (REEs) has
been defined over a large area (7 to 9 square miles). This was
completely unexpected and justifies further study. The REEs we
assayed for are among the 17 REEs now known, are strongly
anomalous, and are scandium, yttrium, lanthanum, and cerium. The
other 13 known REEs were not included in our assay process. In due
course we will re-assay the samples for these additional
REEs.''
Fully two years after we made our discovery
showing that rare earth metals are associated with the alteration
pattern of porphyry copper deposits (the type of copper deposits
dominant in the USA and most of the world), the Head of the U.S.
Geological Survey Natural Resources Program, Dr. Lawrence Meinert,
discovered rare earth elements at Bisbee, Arizona, a porphyry
copper deposit only 20 miles south of our Hay Mountain Project. In
a short professional letter he described his discovery and opined
that porphyry copper mineral deposits may become the most important
source of REEs: a point with which I agree.
While previously only small insignificant
amounts of REEs had been detected throughout the state, this
finding in a new area of mineral exploration could introduce high
tech and environmentally sensitive mining to southeast Arizona and
would include other strategic metals. The Hay Mountain Project will
be primarily a copper mine that would also produce gold, silver,
molybdenum, zinc, lead and REEs—all strategic metals required for
the 21st Century economy and beyond.”
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ
CACEO/Chief GeologistLiberty Star Uranium & Metals Corp.
Agoracom Investor
Relationslbsr@agoracom.comhttp://agoracom.com/ir/libertystarorLiberty
Star Uranium & Metals Corp.Tracy Myers, 520-425-1433Investor
Relationsinfo@LibertyStarUranium.comFollow Liberty Star Uranium
& Metals Corp. on Facebook, LinkedIn &
Twitter@LibertyStarLBSR
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Sep 2023 to Sep 2024