HENDERSON, Nev., July 27, 2016 (GLOBE NEWSWIRE) -- Oroplata Resources, Inc. (“Oroplata” or the “Company”) (OTCBB:ORRP) is very pleased to welcome Paul Pelosi, Jr. to his new role as a Senior Advisor to the Company as previously announced on July 8, 2016.
Mr. Paul Pelosi , Jr. has experience advising companies in business development, environmental sustainability and public policy. He is currently an Executive Director of the American Kratom Association, as well as an Advisor at National Strategies in Washington, D.C.
"I am extremely pleased that Mr. Pelosi has now joined the Oroplata team as a Senior Advisor,” stated CEO Craig Alford. “This is an unparalleled time in the growth of lithium portable power and the electric vehicle global marketplace. We strongly believe Mr. Pelosi will provide our team with invaluable insight into the regulatory and environmental landscape for the industry, and we look forward to working with him as we focus on developing a reliable source of clean energy through the fast growing lithium market in the U.S.A. and worldwide."
Mr. Pelosi commented, "I welcome the opportunity to work with Craig Alford and the Oroplata team to rapidly explore, develop, produce and deliver the much needed domestically produced lithium carbonate for the growing electric car and lithium ion battery industry, as well as for various other high-growth applications. Increasing the supply of domestic lithium has the potential to lower the cost of electric cars for everyone, provide thousands of new jobs, reduce overall pollution, cut the United States’ dependence on foreign oil, and challenge the status quo of how we drive our lives. The growth of lithium production in America should be one of our top priorities.”
Mr. Pelosi will play an integral role in promoting Oroplata Resources as a potential supplier of environmentally friendly and economically viable lithium carbonate. Oroplata Resources, with the support of Mr. Pelosi, will help prove that the latest mining technology and ingenuity can be much more than just great for the environment, but can also be economically beneficial for shareholders and the United States. With many of the automakers making a major shift to electric vehicle production, Oroplata is well positioned to capitalize on these opportunities.
For more information on Paul Pelosi, Jr., follow him on Instagram at Paul_Pelosijr, Twitter @paul_pelosi, or his website, Climate4change.info.
About Oroplata: Oroplata Resources Inc. is focused on becoming a substantial profitable Lithium producer by the rapid development of valuable production-grade Lithium Brine deposits in the Railroad Valley in Nevada.
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin(Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30th, 2015 . The Company assumes no obligation to update any of the information contained or referenced in this press release.
Oroplata Resources, Inc.
170 S Green Valley Parkway, Suite 300
Source:Oroplata Resources, Inc.