TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (???Liberty
Star?????or the?????Company???)
(OTCQB:
LBSR) is pleased to announce that Liberty Star has once again signed a
comprehensive agreement with Naru
Capital (???Naru???), a division of naseba.
With the current value of ongoing infrastructure projects in the Middle
East estimated at over US$2.62 trillion, the region is currently
witnessing significant investments in infrastructure development that
drive the demand for metals including copper, aluminum, iron, and nickel
among others. Thus investors now seem to be seeking strategic
investments in the sector, with the regional material demand forecast
set to rise consistently over the next 5-10 years. This will be
compounded by the decrees to bring expertise to the region in order to
fast track developments of local mining assets as well. Having
recognized the potential of Liberty Star and its Board, Naru Capital
will be making a major push to get Hay
Mountain funded and then fund other projects and targets of Liberty
Star.
Naru Capital is a division of naseba group, a French business
information company and a deal facilitator focused on the needs and
interests of growth market based investors. With on the ground presence
in Algiers, Bangalore, Dubai, Monaco, Riyadh, and Shanghai Naru Capital
facilitates the introduction of companies raising capital to investors
in emerging and growth markets, offering an alternative to traditional
avenues to source deal flow. Naru Capital organizes highly-targeted,
private capital introduction meetings and investors road shows across a
range of growth markets and sectors, introducing each to pre-qualified
investment opportunities.
The new agreement is to effectuate financing on a variety of levels for
Liberty Star targets and opportunities. This will continue with an
additional road show in the locations not yet visited where after
extensive preparation and publicity of the opportunity, one on one
meetings will be arranged with entities that have the desire and funds
to invest in significantly large grass roots or greenfield mineral
exploration targets. This will include Hay Mountain. The investment
analysts will prioritize the meetings based on investor interest and
intent, and will follow up with all the parties to ensure progression
from the meetings, which will include potential visits to the southeast
Arizona ??? Tombstone- Bisbee area where the Hay Mountain target is
located and to the operating copper mines in the Tucson vicinity that
have similar characteristics and are emblematic of the Hay Mountain
Project.
Company CEO/Chief Geologist James A. Briscoe will return to the Middle
East for a second time in October for highly-targeted, private capital
introduction meetings organized by Naru Capital, which makes this the
fourth time Naru Capital and Liberty Star have partnered for investors???
acquisition. The road show will include follow up meetings from
Briscoe???s June visit to Saudi Arabia, Oman and Turkey which led to the
10 indications of interest, the first step in sending non-disclosure
agreements for the Hay Mountain project and offer the Hay
Mountain Project/Mine
Finders training program to new potential investors.
Naru Capital Managing Director, Fabien Faure said?????More than looking at
just the financial capabilities of these investors, we also discuss
their alternative reasons as to why they would consider an opportunity,
before we make any introductions. We have developed trusting
relationships with our investors through constant and open dialogue, and
mapping their emotional connection to a particular industry, region or
opportunity. We also work closely with our investors to establish how a
project could benefit them from a strategic point of view, or sometimes
how it could benefit them politically.???
Notes Briscoe: ???Liberty Star is taking the lead in developing in what we
believe will be ???a major mining project that will be active for
decades???. This fact is well known to local investors, but not to
international investors. Naru Capital arranged these ???Investor Road
Shows??? of meetings tailored exactly to our requirements, and it has
given the opportunity to be introduced in growth markets like India,
China and the GCC as a lead in the Hay Mountain project and also discuss
the long term Mine Finders training program with an objective of
developing a full stream of new mineral discoveries in the Arabian
Nubian shield.???
???naseba/ Naru???s approach cuts out a lot of time consuming vetting that I
don???t have time to engage in. I am in the midst of the finalization of
planning Phase 1 drilling at Hay Mountain and working on required
permitting. naseba???s team understands that the Hay Mountain land has
been the subject of intense professional geologic, geochemical, and
geophysical surveys resulting in profound mutually reinforcing anomalies
which indicate the presence of an extremely large porphyry copper/gold
multi-metallic system including a very large rare earth element anomaly.???
???Drilling is the next step for the project. The funding we seek is for
our innovative, efficient Phase 1 drilling program which will tell us if
we have positive drill core indicators of a potentially commercially
important ore body rivalling in size and grade several of the other
mined ore bodies in the area, ranging from the middle of Arizona, south
and east into northern Mexico. naseba has promised to bring us together
with potential investors who have the desire to get in on the ground
floor of, if we are successful, what I believe will be a major mining
project that will be active for decades. Assuming Phase 1 shows positive
indications, Phase 2 ??? lasting 3 years and operating 24/7/365 will
continue immediately. Cutting edge equipment and methodology will be
used, meeting US-SEC engineering report standards and well as Canadian
NI- 43-101 requirements. Registered professionals will supervise all
operations, and certified assay laboratories will be used for all metal
analysis as the company does on all its projects.???
???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: that the follow up meetings through naseba and with potential
partners could lead to large scale funding of Liberty Star???s Hay
Mountain Project; that we may obtain a partner for the Hay Mountain
project; anomalies on our property indicate the presence of an extremely
large porphyry copper/gold multi-metallic system including a very large
rare earth element anomaly; and that we can efficiently drill our
property if we had sufficient funding.
Factors which may delay or prevent these forward-looking statements from
being realized include: our inability to agree with a potential partner
on terms of their participation in the Hay Mountain Project or any
project; we may not be able to raise sufficient funds to complete our
intended exploration or carry on operations; and possible inability to
continue drilling due to weather, logistical problems or hazards even if
funds are available. Despite encouraging results, there may be no
commercial grades of 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.