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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Liberty Star Uranium and Metals Corporation (QB) | USOTC:LBSR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.038 | 11.80% | 0.36 | 0.325 | 0.36 | 0.36 | 0.322 | 0.322 | 5,388 | 20:27:25 |
Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”)(OTCQB: LBSR) is pleased to update its shareholders and interested parties on the completion of the compilation and interpretation of the Hay Mountain porphyry copper geophysical data along with geochemistry and design of a Phase 1 drill program.
During the last 6 months significant additional details on the subsurface of the Hay Mountain porphyry copper geochemical anomaly have come to light. These are enumerated in approximate chronological order:
Required capital funding for the Hay Mountain Project would be Phase 1 drilling at US $5 million to be expended in the first year to confirm presence of ore grade mineralization. Post phase 1 drilling activities in the amount of US $60 million are to be expended over the next three years. Assuming success in defining a mineral resource, permitting, metallurgical studies, and mine planning and plant design would quickly follow as would a Bankable Feasibility Study, which would be completed at the end of year five. Production would follow and is projected to be attained in the seventh year.
“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CACEO/Chief GeologistLiberty 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 a porphyry copper system is indicated; that Phase 1 drilling will cost US $5 million to be expended in the first year. Post phase 1 drilling activities in the amount of US $60 million are to be expended over the next three years. That assuming success in defining a mineral resource, permitting, metallurgical studies, and mine planning and plant design would quickly follow as would a Bankable Feasibility Study, which would be completed at the end of year five. Production would follow and is projected to be attained in the seventh year.
Factors which may delay or prevent these forward-looking statements from being realized include misinterpretation of data; we may not be able to get equipment or labor as we need it; we may not be able to raise sufficient funds to complete our intended exploration or carry on operations; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company’s recent S-1, its 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.
Agoracom Investor Relationslbsr@agoracom.comhttp://agoracom.com/ir/libertystarorLiberty Star Uranium & Metals Corp.Tracy Myers, 520-425-1433Investor Relationsinfo@LibertyStarUranium.comFollow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter @LibertyStarLBSR
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