Mar 06, 2020
Liberty Star Minerals
LBSR: OTCPK http://www.lbsr.us
FOR IMMEDIATE RELEASE
TUCSON, AZ–(March 06, 2020)–Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCPK: LBSR) updates progress in finding financial arrangements to implement a drilling program at the Hay Mountain Project, Cochise County, Arizona. Brett Gross, Liberty Star’s CEO/President announces: “the Company’s plan for solicitation of interest from prospective development partners at the Hay Mountain Project (the “Project”) is bearing fruit. Of the seven entities contacted in our first round, the Company has received five expressions of interest and three formal requests to enter into confidentiality agreements (“CAs”) to permit the interested party’s access to the full Hay Mountain data set. Of the three requested CAs two have been executed and those interested parties are currently evaluating the Project for potential development. The third is under review by the interested party and expected to be executed imminently.”
The current cohort of interested parties examining the Project includes entities among the top five largest mining operators and the ten largest copper producers in the World, and one representing the entrepreneurial, mid-major miners of North America.
“The potential for reaching mutually beneficial terms for development of the Hay Mountain Project and dramatically increasing shareholder value continues to grow daily,” continued Mr. Gross.
The Company will periodically post updates on this progress.
“Brett I. Gross” Brett I. Gross
CEO/President
Liberty Star Uranium & Metals Corp.
Forward Looking Statements Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2019, as updated from time to time in our filings with the Securities and Exchange Commission. The Company is not responsible for updating the information contained in this update release beyond the published date, or for changes made to this document by wire services or Internet services. Risk factors for our company are set out in our 10-K and other periodic filings with the SEC on EDGAR (ref. Liberty Star Uranium & Metals, Corp.).
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Contact:
Liberty Star Minerals
Tracy Myers Investor Relations
520-425-1433 info@lbsr.us
Update 206
I did a private placement over 6 years ago and have never lost faith. I certainly believe the value is there. All that needs to be done is get drills in the ground to confirm. Hopefully this action will occur this year. Awaiting the partner or partners getting on board. Bruce, keep pushing to get this done. Regards, Barry Kelly, a fifteen year stock holder.