SANTIAGO, Chile, Nov. 2, 2016 /PRNewswire/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTCQB: WMTM) announced today implementation of cost-cutting measures and adjustments to its strategic plans. In light of the challenges facing the Company under the current market scenario, the board has taken action to reduce operating expenses and to refine the strategy for moving the Company forward in a way that is designed to maximize shareholder value while maintaining momentum toward the development of the Cerro Blanco Project. Board and Management actions can be separated into the following areas: 1. Strategic Growth Plan: The Board and Management have composed a plan to focus on near term revenue generation opportunities that will increase the economic viability of the Company in general on the shortest possible timeline. As a priority, Management will focus the Company's efforts on the development of the desalination plant and maintaining the environmental permits for the Cerro Blanco Project. Management and the Chile team are working to establish off-take agreements with credit-worthy clients for industrial grade water produced by the plant while defining budgetary and timing estimates with Engineering, Procurement & Construction (EPC) and Operating partners. NEXO Capital Partners and the Company are collaborating closely to develop the Cerro Blanco seawater desalination plant. NEXO is leading the project development and business development efforts leveraging its industry expertise, operating team and technology partners. Management believes NEXO's efforts are adding significantly to WMTM team efforts while increasing the potential commercial viability of the project. If economically viable water off-take agreements can be solidified, NEXO expects to reach first financial close on the desalination plant during Q1 2017 with construction possibly commencing in Q4 2017. The Company is actively seeking strategic partnerships in development of the desalination plant and further opportunities to exploit the mining deposit, including co-development, royalty sales, and resource expansion.