Reno, NV, Dec. 12, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp.(FLPC: OTCPK), a diversified exploration, development and junior mining company focused on providing strategic minerals for America's future has released an operational update following the recent restructuring of the Company's Management Team.
FLPC CEO, Don Nicholson, provided the update details. "Following this week's significant changes to the First Liberty Power management team, a review of operations at the Reno / Lovelock / Winnemucca properties was undertaken by Company officials. During that review it was concluded that the Rose Creek Properties would not be the best option for delivery of near term revenue to the Company as was predicted by the former COO. Based on that conclusion, the management team has decided to end all active connections with, and expenditures related to, the Rose Creek Properties and associated operations. At this time, First Liberty Power's efforts and resources are focused on the growing list of third-party sources interested in processing feedstock materials at the Liberty Mill, and on the near term income that such sources can generate. As well, the development of the Company's core portfolio of antimony properties, together with a re-evaluation of the merits of pursuing Lithium prospects, will be the focus and foundation of First Liberty Power's strategic metals centric future."
First Liberty Power will continue to use Pathways of Progress announcements to release Company information and operational advancements.
ABOUT FIRST LIBERTY POWER CORPORATION (FLPC: OTCPK) First Liberty Power Corporation is a diversified exploration, development and junior mining company focused on providing strategic minerals for America's future. First Liberty Power is founded on a methodology designed to drive exploration and development of the Company's mining and processing operations. The Company's overall objective in bringing minerals to market is to ensure employee safety, environmental integrity and corporate good governance. FLPC's corporate philosophy is fully evidenced in their Pathways of Progress (POP) program, an open and transparent communication platform used to inform shareholders, investors and mining partners of Company news and advancements. First Liberty Power's current mineral portfolio includes antimony and other strategic mineral projects and properties.
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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.