This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

First Liberty Power Corporate Update

LAS VEGAS, Feb. 28, 2011 /PRNewswire/ -- First Liberty Power Corp. (OTC Bulletin Board: FLPC) www.firstlibertypower.com is pleased to provide an update on its current activities and exploration opportunities, and to outline certain planned 2011 milestones.

The Company has closed on the sale agreement to sell its Uravan Vanadium and Uranium claim to a non-related party, New America Energy Corp. The Company intends to utilize the proceeds of the sale to further develop the Company's lithium opportunities in Nevada. The purchase price is $110,000.00 payable in installments over one year with $10,000 paid upon execution, together with the issuance of 500,000 shares of the common stock of New America and a .5% NSR. Should the terms of the agreement not be fulfilled, the option to the property will revert back to the Company.

The Company had announced on Jan 24th that it had a letter of intent to acquire the Clayton Wash Basin Lithium Claim (CW Claim) in Nevada, from GeoXplor Corp. We have been performing due diligence on this potential acquisition and the Company expects to announce its determination on the acquisition in the coming weeks.

On Feb 15th, the Company announced that it had commenced the electromagnetic geophysical survey of its Lida Valley Nevada Lithium prospect. On Feb 22nd the Company announced the completion of the field work component of the survey. The Company anticipates receiving the detailed survey report from Hasbrouck Geophysics in the next few weeks. Any EM anomalies discovered by the survey will be followed up and the Company would then determine if further geophysical work is required to create a detailed drilling program. The Company will be posting pictures and video of the survey team for the Lida Valley property on our website.

We are intending to have a representative of the Company attend the EV Battery Tech Conference on March 30/31.  EV Battery Tech is the world's leading electric vehicle battery event attended by more vehicle OEMs and battery manufacturers than any other electric vehicle event. Over 500 companies attended the series last year, and we anticipate that some manufacturers attending this event will be looking to close deals with lithium suppliers to secure access to lithium resources. The Company's goal from attending this event is to compile a list of potential purchasers from the automotive and battery industry who may want to talk to the Company about working with it for the long term.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs