Las Vegas, NV, Oct. 24, 2014 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTC: FLPC), a
diversified exploration, development and junior mining company
focused on providing strategic minerals for America's future, today
confirmed the completion of the Company's partnership with Coronet
Metals Inc. ("Coronet") for operations at the Liberty Precious
Metals Processing Facility (Liberty Mill).
In detailing the terms of the new enterprise,
First Liberty Power CEO Don Nicholson noted the immediate and
emerging operational impact. "After completing the final
legal and due-diligence components for this transaction, we have
now positioned the Company to efficiently advance to the next
strategic phase of the Company's mineral production plan. This
executed Share Purchase Agreement (SPA) provides First Liberty with
a 50% ownership interest in Coronet Metals US Inc. ("Coronet USA"),
which includes the Liberty Mill operations. Last week, the
Board of Directors inspected the Liberty Mill and confirmed
management's analysis of the benefits of having a near-term means
of processing future ore or concentrates from the Company's mineral
properties and also tolling opportunities that could be available
to provide additional revenue opportunities."
Coronet USA, co-managed by FLPC and Coronet
Metals together with an experienced and skilled local operations
team, will coordinate the overall refining of ore as well as the
marketing of the operation to other third party mining
businesses. The combined efforts of all parties is expected
to bring positive results to the Liberty Mill and maximize the
capacity and capabilities of this modern mill. Further details on
opportunities and mineral processing options will be provided as
analysis and operations evolve.
First Liberty Power will continue to use
Pathways of Progress announcements to make public Company
information and operational advancements.
ABOUT FIRST LIBERTY POWER
CORPORATION (OTC: FLPC): 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 objective
is to bring minerals to market while always ensuring 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, gold and other strategic metal
projects and properties.
www.firstlibertypower.com
www.facebook.com/FirstLibertyPower
https://twitter.com/FirstLibertyOTC
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.
CONTACT: For more information contact:
Robert Reynolds (800)709-1196
ir@firstlibertypower.com
Thomas Dean (646)396-9615
Murdock Capital Partners
tdean@murdockcapital.com
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