LAS VEGAS, June 18, 2014 /PRNewswire/ -- Amarium
Technologies Inc. (OTC: AMMG) (PINKSHEETS: AMMG), through its
wholly owned subsidiary Amarium Minerals Inc., reports the Company
has signed a Letter of Intent (LOI) to acquire a high-grade copper
property in Michoacán, Mexico.
This copper property has been previously worked as a smaller scale
artisan mine. Due to the prior mining and extensive exploration,
management believes there is a sufficiently significant available
copper resource at this location to warrant large-scale commercial
production. Terms of the pending acquisition have not been
disclosed at this time.
"This acquisition target has been on our radar for a while, due
to the close proximity of the San Pedro Mine," said Adam Carter, the President & CEO of Amarium.
"There is a proven mineral resource already in place, and the
property has been the focus of artisan miners in the past. We hope
to announce a definitive agreement shortly."
The LOI is consistent with Amarium's previously announced
Mineral Asset Acquisition Program (MAAP). On June 9th, 2014, AMMG announced the
initiation of the MAAP, and that a cash dividend was currently
under review by company management.
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, 800-983-0814
Fax: 800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.