LAS VEGAS, January 22, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned
subsidiary Amarium Minerals Inc., reports that the Mill Expansion
Programs for both the Jovita Mine and San Pedro Mine are
progressing on schedule, and have met all of their aggressive
milestones to date. In August, Amarium announced it had initiated
an expansion program at the Jovita Mine, to expand production from
the current 40 tons per day (tpd) to 500 tpd. Subsequently in
December, the Company announced approval for upgrades to the San
Pedro Mill that will bring production from 20 tpd to 200 tpd.
"Tangible developments towards increasing capacity for daily
throughput have been accomplished at both our production
facilities, and we are extremely proud to be both on target and
under budget at this stage. There are further goals and benchmarks
to achieve, and although work at San
Pedro has only recently commenced, results have indicated
that the program to date has been very successful" said
Adam Carter, the President & CEO
of Amarium Minerals."
The Company also announces that is continuing to work on
finalizing specific details of an acquisition agreement for a past
producing gold/silver mine in Mexico. Mr. Carter stated that he is
optimistic that the acquisition will be completed before the end of
January.
Amarium is focused on the acquisition and development of base
metals projects in Mexico that are
currently in or near production and advanced exploration properties
that will add substantially to the Company's asset foundation.
Management is continuing to actively pursue mineral interests that
represent significant growth, value and cash flow
opportunities.
For additional information, please
visit: http://www.amariumminerals.com
This press release contains statements that are forward-looking
and which involve a number of risks and uncertainties. Such
forward-looking statements are within the meaning of that term in
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements in question are based on Amarium
Technologies, Inc.'s current expectations and projections about
future events, based on information currently available. The
forward-looking statements found in this press release may also
include statements relating to Amarium Technologies, Inc.'s
anticipated financial performance, business prospects, new
developments, strategies, and similar matters. Amarium
Technologies, Inc. provides no assurance regarding the actual
outcome of the events contemplated by any forward-looking
statements included in this release. Amarium Technologies, Inc.
disclaims any obligation to update any of its forward-looking
statements, except as may be required by law.
Contacts:
Amarium Technologies Inc.
Investor Relations, +1-800-983-0814
Fax: +1-800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.