NEW YORK, NY—February 26, 2014 - Britannia Mining, Inc. (OTC Pink: BMIN) (or the Company), the successor of a merger between UK based mining development company Britannia Mining Plc and U.S. based Micron Enviro Systems (Former Symbol: MSVS), announced today that the Company anticipates its supply chain for natural resources to ramp up over the next sixty days; potentially delivering significant cash flows and increasing Britannia's reach in the commodity development and distribution space.
"Our experience and expertise affords us the ability to position Britannia as a supplier of natural resources," stated Nicola Newmarch, COO of Britannia Mining. "As lengthier endeavors like our Malawi and Yukon explorations continue, immediate revenues can be generated through the development and distribution of various 'ready mined' products such as amassed iron ore stock piles."
With investment dollars proposed by REM Capital, management has currently moved into advanced stage negotiations, to secure bulk commodities in metals and agriculture, spanning from Africa to Asia. Anticipated revenues on the immediate projects are likely to exceed mid seven figures and will allow the Company to better manage its major exploration project in Malawi [iron ore] and its secondary gold project in the Yukon.
Ms. Newmarch concluded, "In order to ensure that both exploration projects are successfully managed, and substantial value and confidence is delivered to investors, ramping up immediate revenues by developing and distributing an inventory of ready mined natural resource products is key. Within the next sixty days, we anticipate finalizing two significant transactions that upon completion will positively impact our balance sheet."
About Britannia Mining
Britannia Mining is a mining development company that is focused on acquiring high quality mineral and mining projects. The company is committed to developing revenues by conducting exploration and evaluation activities. The company's mission is to identify potential mineral targets to deliver value via developing sales opportunities.
The company is targeting revenue producing assets and is currently in negotiations regarding acquisition of mineral stockpiles.
The company has been developing a high grade iron ore project in Malawi and is currently renewing the 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 judgement 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.