FLPC - Latest News . June 2016
Shared by JimBobWalnut - 06/29/2016
Good day Mr. XXXXXXXX,
In April, VP Reynolds was in Lovelock, NV; visiting and addressing items on the Fencemaker Mine operation.
A company representative has been regularly visiting the Fencemaker project and working with local government officials since 2015 “Restructuring Operation” began.
The company has now in the final step of updating our Water Pollution Control Permit with the State of Nevada.
The application had been under the "public review" hearings stage during the month of May.
On May 24, 2016 the State of Nevada Division of Environmental Protection - Bureau of Mining Regulation and Reclamation (NDEP-BMRR), conducted a Water Pollution Control (WPC) compliance inspection at the Fencemaker Mine itself. No compliance issues were noted during this inspection.
Since the company recently completed the public comment period and no comments were received. Next step was receiving NDEP approved for the company’s WPC application which has been granted.
The company has now completed WPC and it went into effect June 23rd, 2016 and remain in effect until October 2019.
Attached is the documentation from NDEP for your review.
As you know, the mine which has been in a "stand by" status with the State of Nevada since the resignation of the former COO in December of 2014.
Starting in 2015, the company commenced an over-all “Restructuring Operation” for the entire operation.
However, before that occurred, the company had mined over 1000 tons of antimony ore and that is currently in storage waiting to be processed to a higher concentration.
The management team is now working on that processing operation for the raw stored mined ore with the WPC permit now being finalized, and are launching some concentration testing procedures on that stored ore.
The company management team that remained, has made monthly progress on numerous items and problems that they tapped as important for the company to move forward.
Since 2015, all those items and the monthly operation of the company are being totally funded by personal contributions from management.
Furthermore, the company has many other monthly business requirements that are also being funded by the management team.
This has resulted in the remaining management team investing thousands of personal dollars each month into the company since the “Restructuring Operation” began.
This has been indispensable that management continued to monthly fund the “Restructuring Operation” and the core operations of the business.
As for length of time of the “Restructuring Operation” that will be determined if and when an outside investor/and/or a joint venture agreement is concluded.
Otherwise, the monthly management contributions which is a slow but steady procedure is the only existing alternative.
Earlier in the year, the management and board members converted company owed debt into FLPC stock, and each member now has about 80 million shares of company stock which all has been acknowledged with SEC filings.
Another example of the company’s activities is our yearly renewal of our business license with the State of Nevada was just renew for 2016-17, cost approximately $1500.
As per the statement above, the company is working closely with the State of Nevada Department of Environment Protection (NDEP) and other government agencies on our current permit requirements for keeping the Fencemaker Mine in a “stand by status” operation as well. By keeping the mine is a “stand by status” operation, if and when the company is ready to resume mining, the time required to get it up and running will be significantly quicker.
With the mine in a “stand by status” operation, it still requires and includes regular reports and testing to the State of Nevada of the mine location. All preformed and paid for by the management team.
Lastly , the company recognizes that SEC filings are needed, conversely this will require considerable funds to fully complete.
The company will address this as quickly as possible.
Thank you for your email and if you would like to speak to a company representative, please call (800) 709-1196.
Best Regards,
Bob
Robert Reynolds
FLPC - VP Administration
7251 West Lake Mead Blvd; Unit 300
Las Vegas, NV 89128
800.709.1196
ir@firstlibertypower.com
www.firstlibertypower.com
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