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NEW YORK, NY -- (Marketwired) -- 03/12/14 --
Britannia Mining, Inc. (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), announced today that its endeavors to expand into Asia have successfully created a wealth of opportunities to advance a supply chain for natural resources.
"We are on track to ramp-up as stated within the next 60 days ," stated Nicola Newmarch, COO of Britannia Mining. "We believe, both closing negotiations and executing a supply and distribution agreement is imminent. This development could dramatically change the financial outlook for the 2nd and 3rd Quarter."
Asia can provide the company exciting opportunities to solidify Britannia's ramp up to near-term revenues. Having the support of its lead investment consulting firm, management accelerated the advanced stage negotiations to ensure securing bulk commodities in metals and agriculture, with Mr. Roberts touching down in Asia for meetings. A seven day itinerary covered everything from visits to production facilities and ancillary service providers to viewing export infrastructure -- including seaport and cargo handling terminals.
Early sign of successful meetings held with mine owners and logistical service providers is a welcomed indication that Mr. Roberts will likely be able to position the Company to command hefty near-term revenues. Management expects to provide an update regarding the progress of injecting Britannia's natural resource supply chain with over one million tons of ready mined iron ore stockpiles; approximately $30+/- Million in value.
About Britannia Mining
Britannia Mining is a mining development company that is focused on acquiring high quality mineral and mining projects. The company is committed to developing revenues by conducting exploration and evaluation activities. The company's mission is to identify potential mineral targets to deliver value via developing sales opportunities.
Acquisition Focus
The company is targeting revenue producing assets and is currently in negotiations regarding acquisition 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.
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Contact:
Team BMIN
(646) 580-1153
www.britanniamining.com
Source: Britannia Mining, Inc.
