Lovelock, NV, Feb. 4, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (FLPC: OTCQB), an innovative and diversified exploration, development and mining company focused on "Mined in America" strategic industrial minerals, today announced its inaugural shipment of stibnite (antimony) ore from their Fencemaker Operation.
First Liberty CEO Don Nicholson issued a statement that 36 metric tons of stibnite ore are being shipped this week to Shenyang Huachang Antimony Chemical Co., Ltd., a subsidiary of New Huachang Five Star Group. First Liberty launched its strategic development plan for Fencemaker in early 2013, and with the addition of key personnel and a series of important business alliances, and has worked diligently to achieve projected operational targets including the preparation of the mine, initial mining activities, and trial ore shipments.
In acknowledging First Liberty's progress, Board Chairman Robert Reynolds addressed future operational targets. "In addition to the critical objective of bringing our mill site into operation based on planning, consultation and coordination with key consultants, regulators and suppliers, we are also in the midst of reviewing mine operations with consultants and regulators, and planning further exploration activities. As always, our management team is focused on decreasing costs and increasing productivity in all possible operational areas, with the envisioned purpose of establishing First Liberty Power as a leader in the strategic industrial mineral industry."
FLPC will continue to use Pathways of Progress announcements to update advancements in Company 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. 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 ANTIMONY: Antimony is a lustrous gray strategic industrial mineral found in nature primarily as the sulfide mineral stibnite. Antimony compounds have been known since ancient times and were once used for cosmetics. Today, the largest applications for metallic antimony are as alloying material for lead and tin and for lead antimony plates in lead-acid batteries. Alloying lead and tin with antimony improves the properties of the alloys which are used in solders, bullets and plain bearings. Antimony compounds are prominent additives for chlorine- and bromine-containing fire retardants found in many commercial and domestic products. An emerging application is the use of antimony in microelectronics.
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. FLPC is 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 FLPC assumes 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 the company believes 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 the company's most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the SEC.