BMIN Britannia Executes MOU to Distribute 6,0
Post# of 72753
MacReport Media "Press Releases"
Britannia Mining, Inc. (OTC Pink: BMIN) (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), announces that it has executed a Memorandum of Understanding (MOU) with an iron ore producer in Malaysia, and is positioning to finalize iron ore distribution contracts of over $60 Million. Under the terms of the contract, Elit Mestika Mining will make available to Britannia 600,000 metric tons (Mt) of iron ore each year.
"My trip to Malaysia was extremely successful," stated Kenneth Roberts, CEO of Britannia Mining. "We were able to build a number of key strategic relationships and secure ample product for our iron ore supply chain. We are now finalizing a definitive agreement for 50,000 Mt per month. As the MOU reflects, this supply will be ongoing and the resulting commodity transactions will provide the company with a monthly revenue source. Once the price is finalized, we will be well on the way to closing up financials."
The MOU calls for the parties to complete the commercial aspects in order to position the definitive agreements. Once complete, the transaction will infuse product into Britannia's iron ore supply chain with as much as 6,000,000 metric tons, over the course of the agreement. The MOU indicates the term will be five (5) years with an option to extend by five (5) years. Britannia will also be provided with road transportation and port loading facilities.
With investment dollars proposed by REM Capital, management is building its financial framework, allowing the company to quickly transition from MOU to a Definitive Supply Contract within Q2. Anticipated revenues from immediate cash producing projects such as this, far exceed the Company's initial conservative projections.
Mr. Roberts concluded, "While we will remain diligent in our exploration of both Malawi and the Yukon, ramping up Britannia's natural resource supply chain greatly strengthens and grows the Company's financial resources. It is important for us to generate revenues both in the immediate and near term to ensure both continuous growth and efficient exploration."
   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      :     
   Team          BMIN     
   (646)          580-1153     
    www.britanniamining.com       
SOURCE: Britannia Mining Inc.
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