Las Vegas, NV, March 24, 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, has announced the Company's filing of their second quarter 10Q report with the SEC.
First Liberty Power CFO, Mario Beckles, highlighted key details. "I'm pleased to say that, overall, this second quarter represents further forward progress for the Company," Beckles said. "We made significant advances with the launch of initial mining operations at the Fencemaker property. Our quarterly financials, for the first time, present an inventory value for our mined stibnite ore in excess of $180,000. With plans already implemented for the shipment and sale of this inventory, we remain on track to achieve revenue this fiscal year."
The impact of the Company's continued development was evidenced by the recent announcement of First Liberty CEO Don Nicholson's invitation to appear as a speaker at the World Antimony Forum in Madrid, Spain this April. Nicholson connected the international spotlight with the Company's progress.
"We have learned a great deal these past few months from our initial mining operations, inventory preparation, and the response from buyers relative to available product. Our path forward, relative to significantly enhancing our operations, is now much clearer, as is our emergent role in the world antimony market. We anticipate several announcements in this regard throughout the coming weeks. Concurrently, we will continue to explore and review all FLPC opportunities and operations with a purpose of further increasing our role in the mining of strategic industrial minerals."
First Liberty Power will continue to use Pathways of Progress announcements to inform and update all interested parties of advancements in Company mining and financial 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. First Liberty Power's corporate philosophy is founded on a methodology of open and transparent procedures designed to drive the company's exploration, development and mining operations, while ensuring safety, environmental integrity, and good governance. Included in that philosophy is Pathways of Progress (POP), a platform used to inform shareholders, investors and mining partners of FLPC news and advancements through open and transparent communication. First Liberty is exploring and developing projects focused on antimony, lithium brine and vanadium/uranium.
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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.