Bobby Cooper Appointed to White Mountain Board
SANTIAGO, Chile, Jan. 7, 2013 /PRNewswire/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM) reports that the number of directors on the Board has been expanded from five to six and that Bobby Cooper has been appointed as a director with effect January 3, 2013. Mr. Cooper is a seasoned and well-known mining industry executive and entrepreneur with over 42 years of experience. He holds a Bachelor of Arts degree in Business Administration from Arizona State University in 1972 and subsequently carried out graduate work in Industrial Technology and Mineral Economics.
From February 1987 to 1997, Mr. Cooper worked with Kennecott Corporation, a wholly owned subsidiary of Rio Tinto Group. From June 1993 to March 1997, he served as the President and Chief Executive Officer of Kennecott Corporation having previously served as President of US Mines and Chief Operating Officer. During his tenure at Kennecott, Mr. Cooper was responsible for the construction and operation of numerous mines in North America, including operations at the Bingham Canyon Mine in Utah. As well, during a two year secondment in London, he was Group Mining Executive with shared responsibility for mining within the Rio Tinto Group. Mr. Cooper also served as Rio Tinto's representative on the board of Escondida Mining Company (1991 to 1992) and Freeport-MacMoRan Mining Company (1995 to 1997).
Prior to working with Kennecott, from 1965 to 1984, Mr. Cooper held various operations and management positions with Shell Mining Company, Arch Minerals Corporation, Kerr McGee Coal Corporation and Atlantic Richfield Company, where, from July 1984 to February 1987, he served as President and General Manager of the Thunder Basin Coal Company. Subsequent to working with Kennecott, Mr. Cooper has served as a director, executive and chairman of several private and public companies, including High Plains Uranium Inc. and US Silver Corporation. He is currently a director of Independence Resources Plc., 3L&T Corp., Ontario Graphite Ltd. and Wyo-Ben, Inc.
Commenting on this development, Brian Flower, White Mountain's Executive Chairman, said, "We are very pleased to have Bobby Cooper accept an appointment to our Board. Drawing on his considerable operations, executive and board experience will be invaluable as we advance the Cerro Blanco project to the final feasibility stage."
About White Mountain Titanium Corporation
The Company holds mining concessions on the Cerro Blanco property currently consisting of 33 registered mining exploitation concessions and five mining exploration concessions in the process of being constituted, over approximately 8,225 hectares located approximately 39 kilometres west of the City of Vallenar in the Atacama, or Region III, geographic region of northern Chile. The Company's principal objectives are to advance the Cerro Blanco project towards a final engineering feasibility, to secure off-take contracts for the planned potential rutile concentrate output, and to secure funding or other arrangements to place the project into production, if warranted. It would be the intention to sell rutile concentrate to titanium metal and pigment producers. Work also continues to investigate the potential viability of producing a feldspar co-product. The feldspar could find applications in the glass and ceramics industries.
The OTC BB has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Cautionary Note to U.S. Investors—The United States Securities and Exchange Commission ("SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We may use certain terms in our press releases and on our website, such as "reserves," "resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filings with the SEC. Whereas the terms "measured", "indicated" and "inferred" resources are terms that are recognized and required by Canadian Securities Administrators ("CSA") pursuant to National Instrument 43-101, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in the "measured" and "indicated" resource categories will ever be converted into reserves. "Inferred" resources have a great amount of uncertainty as to their existence and it cannot be assumed that all or part of an "inferred" resource will ever be upgraded to a higher category. Under CSA rules, estimates of "inferred resources" may not form the basis of feasibility or pre- feasibility studies and U.S. investors are cautioned not to assume that part or all of an "inferred resource" exists, or is economically or legally mineable. U.S. investors are urged to consider closely the disclosure in our annual report on Form 10K for the year ended December 31, 2011, File No. 333-129347, and in subsequent filings with the SEC. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.
White Mountain Titanium Corporation
Michael Kurtanjek, President
Brian Flower, Chairman
SOURCE White Mountain Titanium Corporation
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