VANCOUVER, BC – January 28, 2011 – IBC Advanced Alloys Corp. (TSX-V:IB) (“IBC” or the “Company”) announces that Jim Malone, IBC’s Vice President of Nuclear Fuel, has been appointed as Chairman of the Board of Hathor Exploration Ltd. (TSX-V:HAT). This appointment, and Mr. Malone’s leadership, reinforce Hathor’s transition from a junior explorer to a uranium exploration and development company.
Mr. Malone is widely recognized as a nuclear industry and nuclear fuel expert, with more than 40 years of experience in the downstream business, most recently as vice-president, nuclear fuels, Exelon Generation Co. LLC, the largest generator of nuclear power in North America. His knowledge of the global uranium supply-demand balance and sales contract platforms provides for open communication between Hathor and various North American nuclear companies and industry partners.
“IBC is very pleased to see Jim’s long and highly respected nuclear industry experience acknowledged by Hathor,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “Jim joined IBC as Vice President of Nuclear Fuels in 2010 and had an immediate and positive impact on our Company’s beryllium oxide nuclear fuel development program. His understanding of the nuclear fuels industry and uranium cycle,” continued Dutton, “has been very helpful to our nuclear fuels R&D program. I congratulate him on his most recent appointment and hope that we will have the opportunity to develop corporate synergies with Hathor and IBC.”
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana, Massachusetts and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB”. See IBC on Facebook.
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 including expectations about future operating results and the benefits of relocating our beryllium-aluminum division 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 which 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.
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