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Re: News Release - Friday, January 02, 2009
International Beryllium Corporation to Focus Exploration on Utah
Properties
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For Immediate Release: January 2, 2009
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: adutton@internationalberyllium.com
Website: www.internationalberyllium.com
Legal Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements," as that term
is defined in Section 27A of the United States Securities Act of 1933,
as amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. Statements in this news release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others:
(i) the risk that IBC does not execute its business plan; (ii) the
inability of IBC to keep pace with market requirements; (iii) the
Company's inability to maintain key relationships with suppliers and
customers; (iv) the Company not being able to retain key employees; (v)
competitors providing better or cheaper products; (vi) markets for the
Company's products not developing as expected; (vii) the Company's
inability to finance its operations or growth; (viii) inability to
obtain all necessary government and regulatory approvals; (ix) the
inability to effectively market the Company's products, including the
establishment of viable relationships with third parties; (x)
fluctuating beryllium prices may negatively impact IBC's business plans
and strategies; and (xi) the Company may not realize any synergistic
benefits from integrating its Freedom and Nonferrous divisions. These
forward-looking statements are made as of the date of this news release
and the Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although the
Company believes that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations, or intentions will prove
to be accurate.
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Copyright (c) 2009 INTERNATIONAL BERYLLIUM CORPORATION (IB) All rights
reserved. For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
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IBC Advanced Alloys Corp
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CODE : IB.V |
ISIN : CA44923T6034 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
IBC Advanced Alloys is a development stage company based in Canada. IBC Advanced Alloys is listed in Canada. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions). Its stock quote reached its highest recent level on May 27, 2011 at CA$ 1.98, and its lowest recent point on November 10, 2023 at CA$ 0.04. IBC Advanced Alloys has 30 350 000 shares outstanding. |