Agoracom Blog Home

Posts Tagged ‘#smallcapstocks’

East Kemptville tin mine could resume production in a few years

Posted by AGORACOM-JC at 12:28 PM on Monday, July 6th, 2015

 

 

 

  • Company granted a special licence by the province in March of this year for the East Kemptville Mine formerly owned by Rio Algom.
  • If all goes as planned, the mine could resume operation within 3 to 4 years

By Yvonne Colbert, CBC News Posted: Jul 06, 2015 6:00 AM AT Last Updated: Jul 06, 2015 6:00 AM AT

Avalon Rare Metals Inc. plans to invest $1.3 million into preliminary work to determine the feasibility of re-starting the East Kemptville Mine.Avalon Rare Metals Inc. plans to invest $1.3 million into preliminary work to determine the feasibility of re-starting the East Kemptville Mine. (Adrian Wyld/Canadian Press)

 

A Canadian mining company and politicians in southwest Nova Scotia are hoping an idle tin mine in the area will help the economy rebound.

Toronto-based Avalon Rare Metals Inc. was granted a special licence by the province in March of this year for the East Kemptville Mine formerly owned by Rio Algom.

Avalon plans to invest $1.3 million into preliminary work to determine the feasibility of re-starting the mine.

The site is located about 45 kilometres northeast of Yarmouth.

Rio Algom closed the mine in 1992 because of falling tin prices, but Avalon president and CEO Don Bubar says a lot has changed since then, including a recovery in the price of tin and potentially higher prices in the future.

“There’s [also] lots of new demand for tin from its new application in the use of lead-free solders and electronics,” says Bubar.

He says the mine also contains the rare metal indium which was not previously mined at the site. Mining it could make the mine even more viable.

“In the past it had limited commercial use, but now it’s got growing application in electronics, is in demand,” said Bubar.

He expects a dozen people to be employed at the remote site this summer, the majority of them Nova Scotians.

If the project moves forward, he said as many as 200 people could be employed there.

“We know that part of the province suffers from high unemployment,” he said. “There’s a good skilled labour force there that would love the opportunity to work in an operation like that close to home, so we think we can fill most of our employment needs in Nova Scotia,” said Bubar.

An economic boon for the area

All of this is music to the ears of politicians in the nearby town of Shelburne. Mayor Karen Harris-Matattall says the prospect of that many jobs is exciting in an area that has been struggling.

“Like most rural communities, we’re losing people because they need employment and it’s a struggle to get employment in rural Nova Scotia, so this may well be something that’s going to work out very well and be very positive for this community,” she said.

The mayor said the town is also hoping to convince the company to use the port of Shelburne to ship its product.

Bubar says if all goes as planned, it will be three or four years before the mine is operating.

Source: http://www.cbc.ca/news/canada/nova-scotia/east-kemptville-tin-mine-could-resume-production-in-a-few-years-1.3137873

Urban Barns Announces Management Changes

Posted by AGORACOM-JC at 2:55 PM on Thursday, July 2nd, 2015

  • Mr. Horst Hueniken has stepped down as Chairman of the Board, although he remains a Director of the Company. Existing Director Mr. Jeremy Kendall, who takes on the additional responsibility of Chairman, replaces him.
  • Mr. Richard Groome has resigned as President and CEO but remains a Director of Urban Barns.
  • Mr. Hueniken has replaced Mr. Groome in those roles with a mandate to re-focus Urban Barns on selling premium priced Kosher-certified product and to improve the Company’s financial performance. Mr. Hueniken will also continue to act as the Company’s Secretary and Treasurer.

MIRABEL, QC / ACCESSWIRE / July 2, 2015 / Urban Barns Foods Inc. (OTCQB: URBF) (“Urban Barns” or “the Company”), a vertical farming company that produces Kosher-certified leafy vegetables using its proprietary Cubic Farming(TM) technology, has made the following changes to the Company’s management.

Mr. Horst Hueniken has stepped down as Chairman of the Board, although he remains a Director of the Company. Existing Director Mr. Jeremy Kendall, who takes on the additional responsibility of Chairman, replaces him. Mr. Richard Groome has resigned as President and CEO but remains a Director of Urban Barns. Mr. Hueniken has replaced Mr. Groome in those roles with a mandate to re-focus Urban Barns on selling premium priced Kosher-certified product and to improve the Company’s financial performance. Mr. Hueniken will also continue to act as the Company’s Secretary and Treasurer.

About Urban Barns Foods Inc.

Urban Barns uses patent pending and proprietary growing equipment to produce premium quality, chemical-free and non-GMO leafy vegetables in a secure and controlled indoor environment, including lettuce and basil that is Kosher-certified.

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as “may”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Urban Barns does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Urban Barns’ filings with the United States Securities and Exchange Commission.

For further information, contact:

Urban Barns Foods Inc.
Horst Hueniken, President and CEO
horst@urbanbarns.com
Tel: +1 (416) 569-5810
www.urbanbarns.com

OMAGINE Signs Usufruct Agreement on $2.5B Oman Beachfront Development

Posted by AGORACOM-JC at 3:06 PM on Wednesday, July 1st, 2015

Signed a Usufruct Agreement with the Government of Oman whereby the Government granted LLC certain rights over the one million square meters (approximately 245 acres) of beachfront land which rights include the right to sell such land on a freehold basis. The land in Oman will be utilized by LLC for the development in of a mixed use tourism and residential project, the Omagine Project.

About the office of Royal Court Affairs.

The office of Royal Court Affairs is an Omani organization representing the interests of His Majesty, Sultan Qaboos bin Said, the ruler of Oman.

About Consolidated Contractors.

Consolidated Contractors International Company, SAL (“CCIC”) is a multi-national company headquartered in Athens, Greece. CCIC has approximately 5.5 billion dollars in annual revenue, 120,000 employees worldwide and operating subsidiaries in, among other places, every country in the Middle East and North Africa.

Hub On AGORACOM / Corporate Website / View 8-K Filing

Omagine In the News – Multiple Press Pieces

Posted by AGORACOM-JC at 12:49 PM on Tuesday, June 30th, 2015

http://the-mea.co.uk/news/omagine-sign-25bn-mixed-use-project-deal-july-1

http://www.gulfconstructiononline.com/stories/source/?url=/IND_285244.html

http://www.topix.com/world/oman/2015/06/1506309TH42P

http://kuwaitnris.com/agreement-on-omagine-project-to-be-signed-tomorrow/

http://timberexec.co.uk/agreement-on-omagine-project-to-be-signed-tomorrow/

http://ttnonline.com/ArticleTA/285245

http://mideaster.com/news/Agreement+on+Omagine+Project+to+be+signed+tomorrow

http://pmgulf.com/content/agreement-on-omagine-project-to-be-signed-tomorrow-construction-week-online/

http://morocco.shafaqna.com/EN/MA/200078

http://www.omanbulletin.com/story-z7174849

http://www.constructionweekonline.com/article-34235-agreement-on-omagine-project-to-be-signed-tomorrow/

http://www.arabianindustry.com/construction/news/2015/jun/30/agreement-on-omagine-project-to-be-signed-tomorrow-5083286/#.VZKi_vlVhHw

https://www.venturesonsite.com/news/key-usufruct-agreement-on-the-us-2-5-bn-omagine-project-to-be-inked-on-july-1st/

Regards,

AGORACOM

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Posted by AGORACOM-JC at 11:34 AM on Tuesday, June 30th, 2015

Logo3

  • Proceeding with a $1.3 million work program in South-western Nova Scotia to reopen a historic tin-indium mine.
  • Working on completing a Preliminary Economic Assessment for the project by November this year, is betting on recently approved legislation in Europe, which bans all products containing conflict minerals from war zones in Africa.

Canada’s Avalon Rare Metals (TSX:AVL), until now mostly known for its incursion in the rare earths market, is proceeding with a $1.3 million work program in South-western Nova Scotia to reopen a historic tin-indium mine.

The company, working on completing a Preliminary Economic Assessment (“PEA”) for the project by November this year, is betting on recently approved legislation in Europe, which bans all products containing conflict minerals from war zones in Africa.

Speaking at the 128th Annual Meeting of The Nova Scotia Mining Society late in June, Avalon’s President and CEO Don Bubar said the European Union anti “blood metals” rules, together with the U.S. Dodd-Frank Act, which forces US stock exchange-listed companies to disclose the use of minerals from a conflict zone in their supply chains, gives Avalon’s tin project huge advantages.

The miner was granted a special exploration licence to search 22 claims totalling 356.12 hectares. It also received a $40,000 project grant from the province earlier this year to assist with test drilling.

“We’re hopeful, at this point,” Natural Resources Minister Zach Churchill told MINING.com in an interview mid-June, adding that since market prices for tin have improved, the Nova Scotia government is optimistic about the prospects at the location.

“Any activity on that site is encouraging, but we need to wait and see what the results of the ongoing exploration drilling are before we rise our hopes too much,” Churchill said. He also noted there would have to be an environmental assessment done before any work can resume at the site.

Victim of falling prices

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Avalon’s President and CEO, Don Bubar, in March 2014. (Image courtesy of Avalon)

The Rio Algom tin mine in East Kemptville operated in the area from the mid-1980s to 1992, employing 200 people from Yarmouth and Shelburne counties. At the time, it was North America’s only open-pit tin mine, but it had to close after prices for the metal dropped to levels reaching well below US$3 per pound.

And while the metal used in electronics and packaging is now trading at more than double that price, it is down 23% so far this year, which makes it the worst-performing industrial metal on the London Metal Exchange.

No wonder analysts are not optimistic about the short-term outlook for it. Steve Hardcastle, head of client services for industrial commodities at Sucden Financial Ltd. in London, is one of them. He told Bloomberg last week that tin prices were set for the biggest first-half decline in 25 years because of abundant supplies and weak demand.

“The long-term future for tin is not brilliant, and it’s been reflected in the price,” Hardcastle said. “The big unknown 18 months ago was Myanmar, which is now filling the gap.”

In addition to East Kemtpville, Avalon Rare Metals has projects underway in Separation Rapids near Kenora, Ontario and Nechalacho, Thor Lake, in the North West Territories.

Source: http://www.mining.com/avalon-banks-on-new-blood-metals-rule-for-canadas-tin-mine-success/

Tin price bulls coming out of hibernation

Posted by AGORACOM-JC at 11:29 AM on Tuesday, June 30th, 2015

 

Logo3

  • Shrinking tin stocks, dwindling supplies from Myanmar and new Indonesian rules to curb exports are at last creating conditions for bulls who for some time have expected to see higher prices. 

A labourer takes down tin boxes inside a tin container recycling factory in a slum area in Mumbai January 12, 2015. REUTERS/Danish Siddiqui

A labourer takes down tin boxes inside a tin container recycling factory in a slum area in Mumbai January 12, 2015.
Reuters/Danish Siddiqui

LONDON Shrinking tin stocks, dwindling supplies from Myanmar and new Indonesian rules to curb exports are at last creating conditions for bulls who for some time have expected to see higher prices.

But the optimism is tinged with caution as much depends on whether top exporter Indonesia can limit its shipments abroad, something it has failed to do in recent months.

That’s one reason why benchmark tin prices on the London Metal Exchange (LME), at around $15,000 a tonne, are down about 25 percent since early January this year.

ADVERTISING

Stocks of tin at 6,810 tonnes in LME-approved warehouses are about half the levels seen in December, the lowest in more than six years and only a fraction of global consumption estimated at 350,000 tonnes this year.

“There is a clear trend toward a depletion of stocks,” said Nicholas Snowdon, metals analyst at Standard Chartered.

“Indonesian exports will be increasingly constrained in the second half of the year. Chinese refined production has become more constrained with less Myanmar concentrate and altogether that points to a tightening trend in the market.”

Stronger growth in top consumer China in the second half of this year and the feed-through into demand for semiconductors and tin are also expected to be a plus for prices.

Solder used in electronics is the most important consumer of tin, accounting for about half of global use of the metal.

To halt illegal exports, Indonesian producers from Aug. 1 will need to prove that their tin comes from government-certified mines before it can be shipped.

One factor that has weighed on global prices is a surprising surge in supply as China’s imports of tin ore from Myanmar spiked, with shipments up over 80 percent so far this year.

But May imports at 21,456 tonnes are down 35 percent from April, which suggests the peak may already have been seen. Additionally, the concentrate from Myanmar is said to contain little tin.

“Some of it can be as low as 10 percent, most internationally traded concentrate has 55 to 75 percent tin,” said Peter Kettle, manager of markets at industry group ITRI.

“To some extent, people (in Indonesia) are exporting while they can … volumes will probably fall after August 1 when there will be more scrutiny of export licenses.”

However, there are doubts the new rules will be applied rigorously, and if they are, traders expect metal to be smuggled out of the country.

The country’s tin smelters in March agreed to limit monthly exports at 4,500 tonnes, which was subsequently lowered to 4,000 tonnes. But exports in April, May and June exceeded that number.

“The market needs to see exports much lower before it believes the curbs will work,” said Stephen Briggs, metals analyst at BNP Paribas. “The bullish side is low stocks.”

(Editing by Veronica Brown and Dale Hudson)

Source: http://www.reuters.com/article/2015/06/29/us-tin-supply-prices-idUSKCN0P902C20150629

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on Evolution of Cubic Farming

Posted by AGORACOM-JC at 5:36 PM on Monday, June 29th, 2015

 

 

 

 

 

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution


12 Month Stock Chart

 

V-Love(tm) now available in London Drugs stores

Posted by AGORACOM-JC at 9:06 AM on Monday, June 29th, 2015

  • V-LoveTM is now available for purchase in 30 London Drugs stores and is to be in all 79 stores by Friday July 3rd
  • First shipment of V-LoveTM to the London Drugs main distribution facility in Richmond, BC was received and is in the process of being redistributed to all London Drugs stores across Western Canada

VANCOUVER, BC / June 29 2015 – Enertopia Corporation (ENRT-OTCBB) (TOP-CSE) (the “Company” or “Enertopia”) is pleased to announce V-LoveTM is now available for purchase in 30 London Drugs stores and is to be in all 79 stores by Friday July 3rd.

The first shipment of V-LoveTM to the London Drugs main distribution facility in Richmond, BC was received and is in the process of being redistributed to all London Drugs stores across Western Canada.

V-LoveTM can also be purchased online at Londondrugs.com for your personal convenience and can be shipped anywhere in Canada.

V-LoveTM is pH balanced specifically for women and provides lubrication and a moisturizing feeling to sooth vaginal dryness.


Click Image To View Full Size

V-LoveTM It all begins with desire…

“We are very pleased to be in a growing number of stores and look forward to growing our V-Love TM brand name,” stated President Robert McAllister.

About Enertopia

The Company’s mission is to empower people with a better way of living through healthy lifestyle choices in helping you live your life your way. Our core values of honesty, integrity, and commitment help to define our corporate practices and demonstrate our dedication in helping individuals whether they are encountering health issues based on age, diet or have suffered a traumatic physical, mental or an emotional event.

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President: (250) 765-6412

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its medical marihuana projects, evaluation and sale of sexual creams and other items, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that V-Love TM will have any meaningful impact on the Company or the Company will be able to obtain future financings.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Enertopia Announces Signing of DA and sale of Thor Pharma Corp

Posted by AGORACOM-JC at 9:08 AM on Friday, June 26th, 2015

  • Signed a Definitive agreement to sell its wholly owned sub Thor Pharma Corp along with the MMPR application number 10MMPR0610
  • Joint Venture could receive up to $1,500,000 in milestone payments upon the Burlington facility becoming licensed under the MMPR program. These monies would be split approximately 50% with Lexaria Corp

VANCOUVER, BC / June 26 2015 – Enertopia Corporation (ENRT-OTCBB) (TOP-CSE) (the “Company” or “Enertopia”) announces signing of definitive agreement and sale of Thor Pharma Corp.

Enertopia has signed a Definitive agreement to sell its wholly owned sub Thor Pharma Corp along with the MMPR application number 10MMPR0610. The Burlington MMPR license application will continue in the application process under new ownership. The Joint Venture could receive up to $1,500,000 in milestone payments upon the Burlington facility becoming licensed under the MMPR program. These monies would be split approximately 50% with Lexaria Corp.

The Company looks forward to providing information via social media, website and press releases as news and events become known over the coming weeks.

About Enertopia

The Company’s mission is to empower people with a better way of living through healthy lifestyle choices in helping you live your life your way. Our core values of honesty, integrity, and commitment help to define our corporate practices and demonstrate our dedication in helping individuals whether they are encountering health issues based on age, diet or have suffered a traumatic physical, mental or an emotional event.

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President: (250) 765-6412

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its medical marihuana projects, evaluation and sale of sexual creams and other items, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that the Company will receive any milestone payments from the sale of Thor Pharma and the Burlington MMPR application, or that the 1,000,000 shares of Lexaria Corp will have any meaningful impact on the Company or the Company will be able to obtain future financings or a license under the MMPR program.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Liberty Star Announces Annual and Special Meeting of Shareholders and Outlines Management Presentation at Meeting

Posted by AGORACOM-JC at 9:58 AM on Tuesday, June 23rd, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) will hold a combined Annual and Special Meeting of Shareholders (the “Meeting”) on Wednesday, July 15, 2015 at San Miguel Club House, 5565 N. Binghampton, Tucson, AZ 85712 for the following purposes:

  1. To ratify the appointment of our independent registered public accounting firm
  2. To elect James Briscoe, Gary Musil, John Guilbert, Keith Brill, Peter O’Heeron and Brett Gross as directors
  3. To approve an amendment to our articles of incorporation to increase the number of authorized shares of our common stock from 1,250,000,000 to 6,250,000,000
  4. To hold a non-binding advisory vote on the compensation of our named executive officer as disclosed in the proxy statement
  5. To hold a non-binding advisory vote on whether a non-binding advisory vote on the compensation of our named executive officers should be held every one, two or three years
  6. To transact such other business, if any, as may properly come before the Meeting

Doors will open at 1:00 PM (PDT) for a meet & greet. Brief management presentations and the formal Meeting will commence at 1:30 PM, followed by a question & answer session.

Liberty Star cordially invites you to attend this event. If you plan to attend, or have a question for the question & answer session, please respond by Friday, July 10:

Call 520-425-1433
mailto:Info@libertystaruranium.com

For additional information visit the Annual/Special Meeting FYE 1.31.2015 page on our website.

During the last quarter, a variety of positive events have occurred. CEO/Chief Geologist will discuss recent events at the Meeting in a short presentation, including the following:

1.

Increasing accuracy of the analysis of our ZTEM is going forward. It appears there may be a horizontal shallow zone that could contain copper oxides that would be leachable. We will work on a more shallow drill program during this very difficult fund raising period. Later, we will extend the depth of holes to test the sulfide zone indicated by the ZTEM geophysics.

2.

On June 19th Geotech delivered three dimensional (3D) plots of the magnetics and electromagnetics (EM) with our geochem data superimposed on the geophysics so that the relationship is even more clearly depicted than it was in the 2D treatment. This 3D treatment is very computer intensive and was not easily possible until recently. These data are posted in our web page in the Hay Mountain Image Gallery: take a look.

3.

Also sent to our website is a report about the Balboa discovery (Cobre, Panama) presented at the PDAC in 2014, and just released after the recent Geological Society of Nevada meeting, this Spring. The Balboa discovery is a recent blind discovery in Panama and now is part a cluster of six porphyry copper deposits previously discovered in close proximity to one another by more traditional exploration techniques. Balboa was discovered completely by use of the ZTEM geophysical method. This is very similar to what we believe we have at Hay Mountain – a cluster of porphyry copper deposits indicated by ZTEM and corroborated by geochemical analysis of clippings of twigs of desert vegetation collected over several square miles. This is called biogeochemistry or veggie geochemistry, and has been verified by Liberty Star and predecessors over the last 20 years and by other geochemists.

4.

We and every other exploration company have had a very tough time in the financial climate over the last several years; this includes raising sufficient capital to execute our very carefully planned exploration program at Hay Mountain which we believe will result in a world class cluster of porphyry copper deposit, similar to Balboa and others.

5.

We have been in discussions with a funder that suggests we should invest in near surface, high grade, quickly minable projects that will begin to generate production cash quickly. We find this strategy very compelling and we are in discussions with this funder to assist us in this strategy. We will continue to work methodically with low expenditure of funds to advance Hay Mountain. When base and precious metal projects of large scale can attract funding we will use these funds to bring the large Hay Mountain Project forward.

a.

In the last three weeks we have taken a look at about 10 targets that would fit the above suggested approach.

b.

We have chosen two projects that we think are promising:

i.

One that we have extensive data on is for high grade silver and gold near surface mineralization right here in Arizona, that with recently available mining equipment and exploration technology we can move forward relatively quickly and believe we can be mining within a year or less.

ii.

The second site in Utah is for near surface, high grade uranium mineralization which has been compiled and become available during the most recent downturn in the uranium price. Again this would be from high grade, near surface bodies that could be mined at low cost, with the same mining and technological equipment, mentioned in i. above.

6.

Mining Engineer-Lawyer, Liberty Star Director Brett Gross has been participating with me and will continue to participate in the above and future activities of project and corporate development.

 

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include all our planned drilling programs; our belief that the exploration program at Hay Mountain will result in a world class cluster of porphyry copper deposits, similar to Balboa and others; our funding strategy; our belief that we can be mining within a year or less for a promising project; and the statement that Brett Gross will continue to participate in future activities of project and corporate development. Factors which may delay or prevent these forward-looking statements from being realized include: we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; mineral prices may not rebound in time for us to keep our properties; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Follow Liberty Star on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, Investor Relations
520-425-1433
info@LibertyStarUranium.com