VANCOUVER, BC – International Beryllium Corporation (TSX-V:IB) (“IB” or the “Company”), after reviewing its mineral property portfolio, has decided to focus its exploration activities on its Utah mineral properties. As a consequence, the Company will suspend exploration work on its Brazilian properties and relinquish its Ugandan properties in due course.
The Company continues to work on integrating its Freedom and Nonferrous manufacturing divisions and expects to complete the integration by the end of March 2009. The Company is seeking to take advantage of synergies including sharing administrative costs and reducing shipping charges.
International Beryllium Corporation is a global manufacturing, exploration and development company focused on beryllium, beryllium oxides and beryllium master alloys. Beryllium and related alloys are used in a broad range of specialized industrial applications such as nuclear power, defence, electronics and automotive. International Beryllium’s common shares are traded on the TSX-V under the symbol IB.
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
International Beryllium Corporation
Anthony Dutton, Chief Executive Officer
(604) 685-6263 ext 111
Email: [email protected]
Website: www.internationalberyllium.com
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Legal Notice Regarding Forward Looking Statements
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
To view all past news releases go here.
