TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star??? or the ???Company???)
(OTCQB:
LBSR) will hold a combined Annual and Special Meeting of Shareholders
(the ???Meeting???) on Wednesday, July 15, 2015 at San
Miguel Club House, 5565 N. Binghampton, Tucson, AZ 85712 for the
following purposes:
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To ratify the appointment of our independent registered public
accounting firm
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To elect James Briscoe, Gary Musil, John Guilbert, Keith Brill, Peter
O???Heeron and Brett Gross as directors
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To approve an amendment to our articles of incorporation to increase
the number of authorized shares of our common stock from 1,250,000,000
to 6,250,000,000
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To hold a non-binding advisory vote on the compensation of our named
executive officer as disclosed in the proxy statement
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To hold a non-binding advisory vote on whether a non-binding advisory
vote on the compensation of our named executive officers should be
held every one, two or three years
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To transact such other business, if any, as may properly come before
the Meeting
Doors will open at 1:00 PM (PDT) for a meet & greet. Brief management
presentations and the formal Meeting will commence at 1:30 PM, followed
by a question & answer session.
Liberty Star cordially invites you to attend this event. If you plan to
attend, or have a question for the question & answer session, please
respond by Friday, July 10:
Call 520-425-1433
mailto:Info@libertystaruranium.com
For additional information visit the Annual/Special
Meeting FYE 1.31.2015 page on our website.
During the last quarter, a variety of positive events have occurred.
CEO/Chief Geologist will discuss recent events at the Meeting in a short
presentation, including the following:
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1.
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Increasing accuracy of the analysis of our ZTEM is going forward. It
appears there may be a horizontal shallow zone that could contain
copper oxides that would be leachable. We will work on a more
shallow drill program during this very difficult fund raising
period. Later, we will extend the depth of holes to test the sulfide
zone indicated by the ZTEM geophysics.
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2.
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On June 19th Geotech delivered three dimensional (3D) plots of the
magnetics and electromagnetics (EM) with our geochem data
superimposed on the geophysics so that the relationship is even
more clearly depicted than it was in the 2D treatment. This 3D
treatment is very computer intensive and was not easily possible
until recently. These data are posted in our web page in the Hay
Mountain Image Gallery: take a look.
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3.
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Also sent to our website is a report about the Balboa
discovery (Cobre, Panama) presented at the PDAC in 2014, and
just released after the recent Geological Society of Nevada
meeting, this Spring. The Balboa discovery is a recent blind
discovery in Panama and now is part a cluster of six porphyry
copper deposits previously discovered in close proximity to one
another by more traditional exploration techniques. Balboa was
discovered completely by use of the ZTEM geophysical method. This
is very similar to what we believe we have at Hay Mountain ??? a
cluster of porphyry copper deposits indicated by ZTEM and
corroborated by geochemical analysis of clippings of twigs of
desert vegetation collected over several square miles. This is
called biogeochemistry or veggie geochemistry, and has been
verified by Liberty Star and predecessors over the last 20 years
and by other geochemists.
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4.
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We and every other exploration company have had a very tough time in
the financial climate over the last several years; this includes
raising sufficient capital to execute our very carefully planned
exploration program at Hay Mountain which we believe will result in
a world class cluster of porphyry copper deposit, similar to Balboa
and others.
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5.
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We have been in discussions with a funder that suggests we should
invest in near surface, high grade, quickly minable projects that
will begin to generate production cash quickly. We find this
strategy very compelling and we are in discussions with this funder
to assist us in this strategy. We will continue to work methodically
with low expenditure of funds to advance Hay Mountain. When base and
precious metal projects of large scale can attract funding we will
use these funds to bring the large Hay Mountain Project forward.
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a.
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In the last three weeks we have taken a look at about 10 targets
that would fit the above suggested approach.
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b.
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We have chosen two projects that we think are promising:
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i.
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One that we have extensive data on is for high grade silver and
gold near surface mineralization right here in Arizona, that with
recently available mining equipment and exploration technology we
can move forward relatively quickly and believe we can be mining
within a year or less.
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ii.
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The second site in Utah is for near surface, high grade uranium
mineralization which has been compiled and become available during
the most recent downturn in the uranium price. Again this would be
from high grade, near surface bodies that could be mined at low
cost, with the same mining and technological equipment, mentioned in
i. above.
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6.
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Mining Engineer-Lawyer, Liberty Star Director Brett Gross has been
participating with me and will continue to participate in the above
and future activities of project and corporate development.
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???James A. Briscoe??? James
A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty
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 all our planned drilling programs; our belief that the
exploration program at Hay Mountain will result in a world class cluster
of porphyry copper deposits, similar to Balboa and others; our funding
strategy; our belief that we can be mining within a year or less for a
promising project; and the statement that Brett Gross will continue to
participate in future activities of project and corporate development.
Factors which may delay or prevent these forward-looking statements from
being realized include: we may not attract any partners or funding
sources; we may not be able to raise sufficient funds to complete our
intended exploration, keep our properties or carry on operations;
mineral prices may not rebound in time for us to keep our properties;
and we may encounter an inability to continue exploration due to
weather, logistical problems, labor or equipment problems or hazards
even if funds are available. Even if we find a partner, we may not be
able to reach agreement or carry out the development 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.
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