LAS VEGAS, March 25, 2013 /PRNewswire/ -- First Liberty Power Corp. (OTCQB: FLPC), an innovative and diversified mine exploration and development company focused on bringing to market "Mined in America" strategic industrial minerals, announced today the filing of its 2 nd quarter financial statements with the Securities and Exchange Commission.
During this last quarter, First Liberty Power has made considerable progress on a number of fronts, as well as faced some challenges. With a strong team in place, the rate of progress has improved, and more capabilities are in place to deal with obstacles. Of particular importance was Mr. Mario Beckles joining our team as CFO/Treasurer, and Mr. Robert Reynolds extending his role to become our VP Operations - both of whom have greatly added to our depth of expertise and capacity to manage the various projects we have underway.
The company also established its Pathways of Progress program, which has made a significant difference in the extent of corporate development and quality of communication. This program provides a structure for the organization to follow best corporate practices, including transparent and regular communication, while working to have each property project move towards production as rapidly as possible. CEO, Don Nicholson, stated, "We are concentrating on our Fencemaker antimony property during the next three months as it is our objective to bring the Fencemaker property into initial production as soon as possible. Equally important though during this period will be to continue with the next stages on the lithium and vanadium/uranium properties in order to make important progress towards their plan of operations."
The company is continuing to pursue several avenues to obtain additional short term and medium term financing, and expect to have announcements on progress in that area within the next couple of weeks. The company also acknowledges some of the challenges faced with certain of our prior financings, and the dilutive effect on the capitalization structure. While the company remains appreciative for all of the investor support we have received in the past as well as the ongoing support, we also acknowledge that our future larger financings must have a structure which is sustainable and beneficial over the long run. First Liberty Power will continue to make every effort in this regard, and will continue to communicate progress and plans.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts