Liberty Star Uranium & Metals Corp. (“Liberty
Star” or the “Company”)(LBSR:
OTCQB) is pleased to announce that the Company has signed a binding
Letter of Agreement (the “Agreement”) with naseba
(China Natural Resource Investors Initiative) to introduce Liberty Star
to a panel of potential partners for the purpose of developing the Hay
Mountain Project in southeast Arizona.
naseba will make a preliminary presentation of Hay Mountain Project
materials to pre-qualified potential financial partners culminating in
naseba’s meeting, September 23 – 27 in China. Company CEO/Chief
Geologist Jim Briscoe and Director Pete O’Heeron plan to attend the
September initiative and make presentations, as at the meeting in
Mumbai, India (NR
157). naseba has received a deductible fee and will receive
additional fees should their efforts directly lead to a successful
partnership for the Hay
Mountain Project.
Comments Fabien Faure, Managing Director naseba group: “India is
forecasted to spend $1 trillion over the next five years on
infrastructure – which copper is a key component. Everyone is looking
for capital or joint venture partners, therefore, we must extensively
pre-qualify each business case before we present them to our clients.
Liberty Star Uranium & Metals Corp. – Hay
Mountain Project is particularly interesting because of the
exceptional management team and the strategic location of the project,
in Arizona. Arizona is the top copper producing state of America, which
accounts for 60% of the total copper production in the United Sates. The
international mining companies involved in Arizona copper mining include
the global leaders, which speaks for the quality of the grade.” Adds
Briscoe: “Hay Mountain is ready for large scale funding to support an
aggressive drilling plan. naseba is a very well connected international
organization with a track record of bringing together projects and
interested parties in China. I look forward to working with them.”
“James A. Briscoe” James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
Star Uranium & Metals Corp.
Safe Harbor
Statements in this news release that are not historical are forward
looking statements. Forward-looking statements in this news release
include: that the meetings in India and with potential partners could
lead to large scale funding of Liberty Star’s Hay Mountain Project and
that we may obtain a partner for the Hay Mountain project.
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 exploration due to weather, logistical problems or hazards
even if funds are available. 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.
Copyright Business Wire 2013