Liberty Star CEO/Chief Geologist Briscoe Updates Manila, Philippines Hay Mountain Project Presentation
March 17 2015 - 12:39PM
Business Wire
Liberty Star Uranium & Metals Corp. (“Liberty Star” or
the “Company”) (OTCQB: LBSR) is pleased to announce a very
positive response to the meeting and presentation of the Company’s
wholly owned Hay Mountain Project by Liberty Star President James
A. Briscoe and Director Brett Gross in Manila, Philippines. Mr.
Briscoe offers his assessment of the presentation and meeting
conducted March 2-3 in Manila:
“We presented the Hay Mountain Project in great detail to a
group of 16 long experienced mining professionals and potential
investors in downtown Manila, Philippines on Monday. The response
was very positive to both the geologic details and the business
proposition presented by Director Gross. The company has been in
almost constant communication since the presentation, and we
believe substantial and important progress is being made toward
financing of Phase 1, which will then lead to Phase 2 in the
following year.
“Preparation for the meeting took place on Sunday, March 1,
2015, as some of the participants arrived a day early and were
staying at the same hotel we were presenting in. The prerequisite
to attend the meeting was signing a binding legal non-disclosure
and non-compete (ND/NC) agreement. This task had been completed by
several of the early attendees, so they were able to partake in
generalities about Hay Mountain. The following morning work started
at 7 a.m. in obtaining signatures from the rest of the attendees,
several of whom had traveled great distances to attend. Once all
the ND/NC documents were signed, the meeting started on time at 9
a.m.
“I presented first, reviewing detailed geologic, geochemical,
geophysical details and interpretation of the detailed and various
studies that have been conducted over the last four years. At the
end of about 2.5 hours, we took a short break and then Brett Gross
presented the business plan, and ongoing questions and comments
were answered and discussed, on both presentations.
“Significant interest continues after the Manila meeting. Four
mining experts are expected to travel to Tucson, where a thorough
tour will be arranged, which will take an expected three to four
days, to examine local large mines that are similar to what is
expected at depth at Hay Mountain. The tour will be conducted as
soon as travel visas can be arranged. We believe that because of
their background they will be as impressed with the potential as we
are. Of course success cannot be assured, but this a very strong
starting point.
“Other interested parties of significant stature are currently
discussing a starting point, which is our stringent ND/NC document.
We hope that we can continue meaningful negotiations with them as
well.
“Considering the low point in the copper cycle, it is
encouraging that we are getting such substantial response, and I
look forward to the potential that Phase 1 will be financed
soon.”
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ
CACEO/Chief GeologistLiberty Star Uranium & Metals Corp.
Forward-Looking
Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements in this news
release include: that the meetings in Manila, Philippines were
substantial and that important progress is being made toward
financing of Phase 1, which will then lead to Phase 2 in the
following year. Factors which may delay or prevent these
forward-looking statements from being realized include: our
inability to agree with a potential investor on terms of their
participation in the Hay Mountain Project or any project; we may
not be able to raise sufficient funds to complete our intended
exploration or carry on operations; an inability to continue
exploration due to weather, logistical problems or hazards even if
funds are available. Readers should refer to the risk disclosures
in the Company’s recent 10-K and the Company’s other periodic
reports filed from time to time with the Securities and Exchange
Commission.
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 Mar 2024 to Apr 2024
Liberty Star Uranium and... (QB) (USOTC:LBSR)
Historical Stock Chart
From Apr 2023 to Apr 2024