NEW YORK, July 19, 2012 (GLOBE NEWSWIRE) -- Micron Enviro Systems, Inc. (MSVS.PK), an emerging mining company, announced today that management has entered into talks with the U.K.'s Britannia Mining for a strategic relationship in an effort to enhance Micron's drilling capabilities, overall output and global reach.
"Aligning Micron with a company that has the global reach, sizable projects and potential wealth that Britannia offers is key to building the type of shareholder value we're committed to creating for investors," stated Bradley Rudman, President of Micron Enviro Systems. "Not only will Britannia's iron ore project provide well managed diversification for Micron, their executive management brings a wealth of knowledge in mining and commodities."
Streamlining the company's business model – focusing on gold claims in the Yukon – has helped to position Micron as the American partner Britannia has been seeking.
"Since our inception we have considered taking on an American mining partner that is aligned with our business model," stated Kenneth Roberts, President and CEO of Britannia Mining. "We believe Micron fits exactly what we are looking for. We are confident that a merger of sorts will be extremely beneficial to our respective companies."
The type of relationship pursued can take many forms. Neither Rudman nor Roberts have given any indication as to if the companies will simply seek a strategic alliance or if a merger/acquisition is on the table. In either case, the combined result could prove to be quite valuable to both mining companies.
About Britannia Mining
Britannia Mining is an explorer and developer of mining projects. The company actively trades mined mineral products to its existing customer base. The company is developing a high grade iron ore project in Malawi and holds an Exclusive Prospecting Licence (EPL) for iron ore over 650 sq km at Nthale, Blantyre. From magnetic imaging studies that have been completed over a test area of 20 sq km, the company has located a number of ore bodies that indicate this 20 sq km area could yield upwards of 40 million tonnes iron ore. The company intends to mobilise a drilling program, where upon completion the data will provide a resource definition of the 20 sq km test area.
Britannia Mining is in talks with a number of potential partners to implement a near term mining plan at Nthale Hill.
About Micron Enviro Systems, Inc.
Micron is an emerging mining company that plans on pursuing opportunities that will enhance shareholder value. Please visit Micron's website for more information of the locations of Micron's prospects at www.micronenviro.com.
If you have any questions, please call Micron at 516-474-0310. If you would like to be added to Micron's update email list, please send an email to info@micronenviro.com requesting to be added.
Safe Harbor
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 MENV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
Contact Information:
Bradley Rudman
Micron Enviro Systems, Inc.
info@micronenviro.com
TEL: 516-474-0310
www.micronenviro.com
This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/micron-enviro-systems--inc-/r/micron-enters-into-formal-negotiations-with-britannia-mining,c9285755