NEW YORK, NY, United States, via ETELIGIS INC., 12/02/2014 – – Britannia Mining, Inc. (OTC Pink: BMIN) (PINKSHEETS: BMIN) (“Britannia” or the “Company”), a UK based mining and commodities development Company, announced today, that Britannia has successfully insulated itself from the volatile iron ore market, supplementing its primary intended revenue source by means of signing a consulting agreement with a Middle East oil and gas company, and developing its gold and other commodity interests.
“While the iron ore markets have been beset by a series of challenges, our business model is strategically positioned to ensure minimal carrying cost with the potential for consistent profitability,” stated Kenneth Roberts, CEO of Britannia Mining. “This meaning, we are not saddled with project debt or buried by investments into iron ore mine development and production. Nor are we obliged to store any ‘ready mined’ iron ore supply. Our primary ‘ready mined’ resources are contractual and our exposure in Malawi is minimal at this point; allowing us the ability to weather the storm.”
“Another factor that puts us in an excellent position to thrive is our potential ability to distribute other commodities such as gold and agricultural resources. We also have the opportunity to provide consultancy services to the oil and gas sector. The fact is, we are staring market adversity in the eye and feeling positive about our survival, growth, and our investment viability.”
The Company, which is poised to continue exploring what could potentially be deemed to be a World Class iron ore Asset 100M + tons, – is not solely an iron ore company; rather a full service commodities firm. The Company maintains gold claims in the Yukon and is a facilitator developing and brokering other gold transactions. In addition, Britannia has access to suppliers of agricultural resources (Palm Kernal, Rubber, Industrial Hemp and other feedstocks). Most recently, the Company began providing consultancy services to a Middle East oil, gas and commodities company. Britannia is flexible, versatile and well positioned to prosper in the current market climate.
Mr. Roberts concluded, “As we continue to work within a challenging iron ore market, Britannia will continue forward with our suite of diversified commodity products and services, as a means to position for revenues and support our financier’s continuing investment aspiration.”
About Britannia Mining
Britannia Mining is a natural resources development company that is focused on acquiring high quality mineral, mining and other commodity-based projects. The company is committed to developing revenues by conducting exploration, evaluation and trading activities. The company’s mission is to secure commodities by developing immediate and near term product pipelines for iron ore and other natural resources.
The Company is targeting revenue producing assets and is currently in negotiations regarding joint venture, acquisitions and trading mineral stockpiles.
The Company has been developing a high grade iron ore project in Malawi and is currently renewing their Exclusive Prospecting License (EPL) for iron ore over 650 sq. km at Nthale Blantyre. The Company is targeting 100 Million Tons (MT) iron at Nthale Hill (20 sq. km).
Britannia Mining has inherited the legacy projects (Gold claims) of the former Micron Enviro Systems in the Yukon and plans to conduct sampling on this area.
For more information, please visit www.BritanniaMining.com.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,” "should,” "expects,” "plans,” "anticipates,” "believes,” "estimates,” "predicts,” "potential” or "continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors” in the Company’s periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of BMIN’s mining prospects or any previous news releases go to OTC Markets website. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: Britannia Mining, Inc.