AGORACOM Small-cap Investor Relations Blog

TUCSON, Ariz. — Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to announce that it has submitted an Exploration Plan of Operation (the “Plan” or the “EPO”), for the State Land component covering the prime anomaly of the Hay Mountain Project, to the Natural Resources Division – Minerals Section of the Arizona State Land Department (“ASLD”), as of today’s date. An approved EPO is required by the State prior to initiating exploration activities on Arizona State Trust land (the Company’s Mineral Exploration Permits or MEPs). Plan evaluation and approval may require 30 to 60 days: the approved EPO remains effective for one year from date of approval and the Company may request extensions if required. Liberty Star has proposed a Period of Operation commencing September 29, 2014. The innovative drilling program proposed by LBSR could begin after that date if the EPO is effective and adequate funding is obtained.

“…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.”

Among the ASLD requirements for application of an EPO is a statement of “Scope of Operation” that describes “…the type and extent of the operation to be performed. Include the estimated area of disturbance and provide detailed information for any earth moving or site clearance operations.” Liberty Star has submitted the following:

“1. Core Drilling and daughter hole drilling for mineral deposits at depths of up to 5,360 feet (1,643 m) and using deviated drilling-directional drilling herein described as daughter holes to drill holes out from the mother holes which will give us information at up to 200 meters out from the mother hole. This will decrease our surface drill sites to 41 drill sites, a decrease of 89% by drilling from the central mother hole.

“2. We will be using a diamond core drill – with rubber tracks that put less pressure on the ground surface (4.8 pounds per square inch) than a human would in walking over the drill site. Rather than trucking water off-road to the drill site with very heavy (10 to 16 tons of water per truck load) we will pipe water to the drill sites as needed for drilling using unburied UV protected flexible polyethylene pipe which will not disturb the surface or vegetation to supply a plastic water tank (2,000 gal) at the drill site.

“3. We will use a very recently developed Solids Recovery Unit (SRU) which uses a centrifuge to clean the drill fluid before pumping it down into the hole again. This reduces the foot print of the drill site and negates the use of a traditional mud sump pit. Drill cuttings are automatically bagged and will be disposed in a land fill after drying.

“4. Personnel will be transported in a rubber tracked side-by-side [a 4WHD mini truck from Polaris] with 4 passenger capacity along with space for tools and consumables. This also has an impact of less than a human foot. Normal pickup trucks will only traverse main roads, only pickup trucks equipped with rubber tracks will travel off main dirt road.”

All vehicles used in the drilling process will be mounted on similar low weight distribution rubber tracks. No roads will be constructed, nor surface disturbance made. Routes to the drill sites will be by rubber tracked vehicle paths and there will be no surface disturbance of soil or vegetation.

States Liberty Star CEO/Chief Geologist Jim Briscoe: “The Scope of Operations statement we have submitted to the ASLD exemplifies our commitment to being excellent stewards of State Trust lands. The Exploration Plan is also financially sound because of the efficiencies we’ve built into the plan including those described above, which we believe should actually lower the cost of operations. With naseba and others, we have laid the groundwork for financing, and are in preliminary discussions with more than 12 entities in various countries where we have made presentations. We need that financing in place to proceed with Phase 1 drilling.”

“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 our expectation that we will receive approval of our EPO and the timing of that approval, the anticipated timing of the EPO after it commences and the availability of extensions if they are required, our ability to raise funds to pay for the Phase I drilling and our belief that the EPO is financially sound and that it should actually lower the cost of operations. Factors which may delay or prevent these forward-looking statements from being realized include receipt and timing of EPO approval and delays in financing, the possibility that we may not be able to raise sufficient funds to complete our intended exploration or carry on operations and the timing of that financing; and the possibility that we may be prevented from drilling due to weather, logistical problems or other field hazards. Despite encouraging results, there may be no commercial grades of mineralization on our properties. Readers should refer to the risk disclosures in our recent 10-K and our other periodic reports filed from time to time with the Securities and Exchange Commission.

Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter @LibertyStarLBSR

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]

Meetings in Tucson – Hay Mountain Mid-September and Middle East Planned in October

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce that Liberty Star has once again signed a comprehensive agreement with Naru Capital (“Naru”), a division of naseba.

With the current value of ongoing infrastructure projects in the Middle East estimated at over US$2.62 trillion, the region is currently witnessing significant investments in infrastructure development that drive the demand for metals including copper, aluminum, iron, and nickel among others. Thus investors now seem to be seeking strategic investments in the sector, with the regional material demand forecast set to rise consistently over the next 5-10 years. This will be compounded by the decrees to bring expertise to the region in order to fast track developments of local mining assets as well. Having recognized the potential of Liberty Star and its Board, Naru Capital will be making a major push to get Hay Mountain funded and then fund other projects and targets of Liberty Star.

Naru Capital is a division of naseba group, a French business information company and a deal facilitator focused on the needs and interests of growth market based investors. With on the ground presence in Algiers, Bangalore, Dubai, Monaco, Riyadh, and Shanghai Naru Capital facilitates the introduction of companies raising capital to investors in emerging and growth markets, offering an alternative to traditional avenues to source deal flow. Naru Capital organizes highly-targeted, private capital introduction meetings and investors road shows across a range of growth markets and sectors, introducing each to pre-qualified investment opportunities.

The new agreement is to effectuate financing on a variety of levels for Liberty Star targets and opportunities. This will continue with an additional road show in the locations not yet visited where after extensive preparation and publicity of the opportunity, one on one meetings will be arranged with entities that have the desire and funds to invest in significantly large grass roots or greenfield mineral exploration targets. This will include Hay Mountain. The investment analysts will prioritize the meetings based on investor interest and intent, and will follow up with all the parties to ensure progression from the meetings, which will include potential visits to the southeast Arizona – Tombstone- Bisbee area where the Hay Mountain target is located and to the operating copper mines in the Tucson vicinity that have similar characteristics and are emblematic of the Hay Mountain Project.

Company CEO/Chief Geologist James A. Briscoe will return to the Middle East for a second time in October for highly-targeted, private capital introduction meetings organized by Naru Capital, which makes this the fourth time Naru Capital and Liberty Star have partnered for investors’ acquisition. The road show will include follow up meetings from Briscoe’s June visit to Saudi Arabia, Oman and Turkey which led to the 10 indications of interest, the first step in sending non-disclosure agreements for the Hay Mountain project and offer the Hay Mountain Project/Mine Finders training program to new potential investors.

Naru Capital Managing Director, Fabien Faure said “More than looking at just the financial capabilities of these investors, we also discuss their alternative reasons as to why they would consider an opportunity, before we make any introductions. We have developed trusting relationships with our investors through constant and open dialogue, and mapping their emotional connection to a particular industry, region or opportunity. We also work closely with our investors to establish how a project could benefit them from a strategic point of view, or sometimes how it could benefit them politically.”

Notes Briscoe: “Liberty Star is taking the lead in developing in what we believe will be ‘a major mining project that will be active for decades’. This fact is well known to local investors, but not to international investors. Naru Capital arranged these ‘Investor Road Shows’ of meetings tailored exactly to our requirements, and it has given the opportunity to be introduced in growth markets like India, China and the GCC as a lead in the Hay Mountain project and also discuss the long term Mine Finders training program with an objective of developing a full stream of new mineral discoveries in the Arabian Nubian shield.”

“naseba/ Naru’s approach cuts out a lot of time consuming vetting that I don’t have time to engage in. I am in the midst of the finalization of planning Phase 1 drilling at Hay Mountain and working on required permitting. naseba’s team understands that the Hay Mountain land has been the subject of intense professional geologic, geochemical, and geophysical surveys resulting in profound mutually reinforcing anomalies which indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly.”

“Drilling is the next step for the project. The funding we seek is for our innovative, efficient Phase 1 drilling program which will tell us if we have positive drill core indicators of a potentially commercially important ore body rivalling in size and grade several of the other mined ore bodies in the area, ranging from the middle of Arizona, south and east into northern Mexico. naseba has promised to bring us together with potential investors who have the desire to get in on the ground floor of, if we are successful, what I believe will be a major mining project that will be active for decades. Assuming Phase 1 shows positive indications, Phase 2 – lasting 3 years and operating 24/7/365 will continue immediately. Cutting edge equipment and methodology will be used, meeting US-SEC engineering report standards and well as Canadian NI- 43-101 requirements. Registered professionals will supervise all operations, and certified assay laboratories will be used for all metal analysis as the company does on all its projects.”

“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: that the follow up meetings through naseba and with potential partners could lead to large scale funding of Liberty Star’s Hay Mountain Project; that we may obtain a partner for the Hay Mountain project; anomalies on our property indicate the presence of an extremely large porphyry copper/gold multi-metallic system including a very large rare earth element anomaly; and that we can efficiently drill our property if we had sufficient funding.

Factors which may delay or prevent these forward-looking statements from being realized include: our inability to agree with a potential partner on terms of their participation in the Hay Mountain Project or any project; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; and possible inability to continue drilling due to weather, logistical problems or hazards even if funds are available. Despite encouraging results, there may be no commercial grades of 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.

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR