Las Vegas, NV, Dec. 19, 2013 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified exploration, development and mining company focused on strategic industrial minerals for America's future, has announced an expansion of their management team as part of ongoing progress at their Fencemaker mine operation.
"The Company has expanded their operations staff to include an onsite accountant/comptroller in the Lovelock office to ensure that the cost effectiveness and accuracy of daily operations will be maintained" stated First Liberty Power CFO, Mario Beckles. "This individual is responsible for the oversight of the Lovelock operation as well as providing accounting/production controls for all mining operations and upcoming milling operations. We felt that expanding our financial team at this time was another crucial step toward ensuring the most efficient use of the Company's resources."
Earlier this month, FLPC announced a joint consulting venture with Murdock Capital Partners Corp., New York, an arrangement that is anticipated to substantially expand the Company's investment and mining community outreach.
The Company also disclosed that further to its commencement of mining operations, a buyer for the stibnite (antimony) concentrate had been contracted, with shipments anticipated to begin in January of 2014. The projected net revenues from the sale of the concentrates will be used to further enhance Fencemaker operations, as well as other future Company developments. Information on both announcements along with all permitting accomplishments, SEC filings, and major milestones achieved throughout the year are available for review on the Company website:
http://www.firstlibertypower.com/investors/corporate-news
First Liberty Power CEO, Don Nicholson reflected on the accomplishments of the Company in 2013. "With this week's announcement of the signing of an offtake contract for the Fencemaker antimony, FLPC is completing the year on a very positive note. Companies routinely spend millions to complete just the exploration component of mining property development. However, from the start our team, together with Stockpile Reserves LLC, recognized the challenge of the tasks at hand and became dedicated to doing everything required to bring Fencemaker to production in a twelve-month time period. Additionally, we accomplished this goal with extensive transparency to the investment community through our "Pathways of Progress" program. It is our goal in 2014 to continue to increase production at Fencemaker, undertake several new initiates to support our growth and development, and to become a genuine leader in the strategic metals field."
FLPC will continue to use Pathways of Progress announcements to update advancements in their mining and overall operations.
ABOUT FIRST LIBERTY POWER CORPORATION (OTCQB: FLPC): First Liberty Power Corporation is an innovative and diversified exploration, development and mining company focused on bringing to market strategic minerals for America's Future, having the only Antimony mine in production in the USA. The First Liberty corporate philosophy is driven by a dedication to the Pathways of Progress (POP) program . This is a program of best corporate practices designed to drive the company's exploration, development and mining operations, benefitting First Liberty shareholders, investors and mining partners, in addition to ensuring safety, environmental integrity, and good governance. Presently, First Liberty has interests in four properties: the Fencemaker antimony project in Nevada, the Lida Valley and Smoky Valley lithium brine projects in Nevada, and the San Juan vanadium/uranium project in Utah.
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ABOUT MURDOCK CAPITAL: Murdock Capital Partners Corp. (Murdock Capital) is a private merchant banking firm with 24 years of experience in advisory work with companies in the natural resources and energy-related industries. Murdock Capital acts as financial intermediary and/or principal for small and medium size companies and advises its corporate clients on all aspects of investment banking, including mergers and acquisitions, public and private financing, management buy-outs and corporate divestitures. The company's knowledge and experience in assessing and formulating a corporate strategy includes marketing, strategic alliances and business management, all of which greatly increases the probability of clients' success. Murdock Capital specializes in due diligence, market research, competitive analyses, financial and transaction structuring and corporate advisory services with the ultimate goal of always obtaining the desired results for their clients.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future plans of the company, the prospects for our mineral properties, and our ability to raise necessary working capital.
Actual results could differ from those projected in any forward-looking statements due to numerous factors, including the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC.
Robert Reynolds - FLPC (800) 709-1196 Thomas Dean - Murdock Capital Partners (646) 396-9615
