Britannia Mining, Inc. (OTC Pink: BMIN) (PINKSHEETS: BMIN) ("Britannia" or the "Company"), a UK based mining development Company, announced today, that Britannia has successfully fast tracked revenues for 2014 -- advancing from exploration operations in Malawi to trading immediate ready mined iron ore stock piles secured by bona fide distribution agreements in Malaysia.
"For clarity, Britannia continues to be very active in Malawi where we are developing roughly 650 sq km of what Bastillion Resources projects stated could be a World Class Asset of well over 1 Billion Tons," stated Kenneth Roberts, CEO of Britannia Mining. "However, it is the yearly distribution of 1.2 million metric tons of ready mined iron ore product, secured by our Malaysian distribution agreements, which has secured revenues for Britannia this 2014. Along with the assistance of our Dubai based South African partners, our first trade of up to 100,000 metric tons of ready mined ore, is set to for purchase and delivery."
On the heels of testing conducted by SGS, the Company advances completion of its initial trade with Swiss buyers. Having the ability to deliver ready mined iron ore from either East or West Malaysia, Britannia should have no shortage of buyers as its port access offers unbound distribution possibilities.
Mr. Roberts concluded, "As we continue to explore Malawi, fast tracking revenues through Malaysian operations has not only provided us with the ability to substantiate shareholder value, but supports our financier's decision to close on its $30 Million SPV."
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 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 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.