Las Vegas, NV, Nov. 14, 2013 (GLOBE NEWSWIRE) -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and
diversified mine exploration, development and mining company
focused on supplying strategic minerals for America's future,
announced the filing of their Annual Report on Form 10-K ("Annual
Report") with the SEC for the year ending July 31, 2013.
According to First Liberty Power CEO Don
Nicholson, the Annual Report reflects the progress made by the
Company in implementing its operational plans. "One of First
Liberty Power's primary objectives for 2012-2013 was to transition
from exploration to production, and the foundation for this
objective was laid in the fiscal year covered by our recent
10-K. The objective itself was achieved with the commencement
of mining at Fencemaker in October of this year," Nicholson
said. "The significant investment required to achieve this is
reflected in our annual report, as was our prioritization of
Fencemaker over other equally important properties. However,
we strongly believe that this push to production was warranted, and
will be the catalyst for First Liberty becoming a major contributor
to the domestic supply of strategic minerals."
First Liberty Power CFO Mario Beckles,
commented, "What this annual report clearly illustrates is that we
have taken the steps to have revenue in place for this current
fiscal year, thereby assisting the company in the development and
expansion of its existing and planned projects. The 10-K also
confirms that the cash utilization by the company has been highly
effective relative to the progress made, and that company
expenditures have been predominantly focused on operational
outcomes."
Mr. Nicholson further stated that the Company
will be providing more details on the specific production progress
made on the Fencemaker property over the coming weeks. "We
have a strong management team in place and key strategic partners
contributing greatly towards our success, as well as industry and
investor momentum based on our status as the only antimony mine
currently operating in America. With these strategic factors in
place, the outlook is for First Liberty Power to make significant
progress in the upcoming fiscal year."
FLPC will continue to use Pathways of
Progress announcements to inform and update all
interested parties of advancements in our 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. The First Liberty corporate philosophy is driven by a
dedication to the Pathways of Progress (POP)
program. This is a program of best corporate practices
designed to drive the company's exploration, development and mining
operations, benefitting First Liberty shareholders, investors and
mining partners, in addition to ensuring safety, environmental
integrity, and good governance. Presently, First Liberty has
interests in four properties: the Fencemaker antimony project in
Nevada, the Lida Valley and Smoky Valley lithium brine projects in
Nevada, and the San Juan vanadium/uranium project in Utah.
www.firstlibertypower.com
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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.
CONTACT: For more information contact:
Robert Reynolds (800) 709-1196
ir@firstlibertypower.com
