Wall Street Transcript Interview with Robert B. Reynolds Jr., the Chairman and VP of Operations of First Liberty Power Corporation (FLPC)
67 WALL STREET, New York - April 16, 2014 - The Wall Street Transcript has just published its Metals & Mining Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Mining Safety and Environmental Concerns - Global Iron Ore Production - Emerging Market Infrastructure Construction - Chinese Demand for Industrial Metals - Zinc Supply Deficit - Demand Growth in Zinc - Accelerated Grid Spending in China - Copper Demand in China
Companies include: First Liberty Power Corporation (FLPC) and many more.
In the following excerpt from the Metals & Mining Report, the Chairman and VP of Operations of First Liberty Power Corporation (FLPC) discusses company strategy and the outlook for this vital industry:
TWST: Please give us an update on how the company's operations, and projects involving antimony, lithium, vanadium and uranium, are advancing.
Mr. Reynolds: Sure, I will start with the lithium part of our portfolio. We have two lithium properties in Nevada, where we have completed several stages of exploration work, which strongly indicated the presence of lithium-bearing brines in a contained basin. We would like to develop these properties in the future as we see a great potential in lithium. Further information is available on our website.
In November 2012, we entered into a purchase agreement with GeoXplor on their vanadium, uranium property in Utah. Currently, it's a five-year exploration license, but right now, we have not had the financial resources to develop it further.
The project that we are currently focused on is the Fencemaker stibnite ore - antimony - mine in Nevada. It is located 40 miles outside Lovelock, Nevada, which is about an hour and a half from Reno. This has been a very interesting project for First Liberty Power. In August 2012, we acquired a 40.5% interest in the Fencemaker operation. From that point, we began working on funding for the operation, and in October 2013, we undertook the first blast at the mine. Currently, we have extracted over 500 tons of ore, which was duly reported in the company's latest 10-Q filing with the SEC.
TWST: Who are the other players, both domestically and globally, in the antimony market? And what are the key drivers and constraints of that market, any macro trends you see?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
