TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce CEO/Chief Geologist James A. Briscoe will travel to Hong Kong, Japan and Korea in November to meet with potential investors to fund the Hay Mountain Project (“Hay Mountain”) Phase 1 drilling program and further development funding. Naru Capital (“Naru”) has also requested Briscoe present the Mine Finders training program on a roadshow planned for Qatar, Kuwait, Bahrain and UAE.
According to Naru’s representative, “We have successfully established relations with [potential] investors in Hong Kong who are significantly experienced in mining and thereby appreciate the risk-reward ratio of a greenfield project such as Hay Mountain. In the Middle East, we will be sourcing sophisticated [potential] investors who have been vetted to ensure an interest in early stage opportunities and who would ideally benefit immensely from the Mine Finders program. Based on the interactions between our team and the [potential] investors over the last few weeks, we anticipate good meetings to be held in Hong Kong….Potential meetings in Japan and Korea can be conducted face to face due to the proximity to Hong Kong.”
Briscoe is still in substantial contact with interested parties from the Middle East introduced to Liberty Star during Naru’s first Middle East Roadshow. As part of the second Naru Roadshow Briscoe will continue meetings with these potential investors and begin meetings with new prequalified contacts from Qatar, Bahrain, Kuwait and UAE. It is yet to be determined if Briscoe will travel to the Middle East for a second time. The presentations may be conducted by GoToMeeting computer meeting exchange, which allows up to 25 participants to view presentations on their computers anywhere in the world simultaneously.
States Briscoe: “We continue our pursuit of a suitable deal for Phase 1 drilling at Hay Mountain. The Mine Finders training program has remained of great interest to multiple contacts from my travels to Saudi Arabia, Oman and Turkey in June. We also have as many as three domestic groups that have expressed interest in investing in developing Hay Mountain. We will work on not only obtaining funds for Phase 1, but looking to future development funding capability as well.”
“James A. Briscoe” James
A. Briscoe, Professional Geologist, AZ CA
Liberty Star Uranium & Metals Corp.
Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include all our planned drilling program and our planned trip to Asia. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposal is accepted, we may not be able to carry out the Mine Finders program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. 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.