LAS VEGAS, July 8, 2014 /PRNewswire/ -- Amarium Technologies
Inc. (OTC: AMMG) (PINKSHEETS: AMMG), through its wholly owned
subsidiary Amarium Minerals, is pleased to announce completion of
upgrades to their ore processing mill located at the San Pedro
Mine. The San Pedro mill now has
an operational capacity of 120 tons per day (tpd), an increase of
600% over the previous capacity of 20 tpd. The recent updates will
allow Amarium to stay on schedule for increasing the medium term
maximum throughput of the mill to 200 tpd by December 2014. Both the San Pedro Copper Mine and
the Jovita Mill are located in Michoacán, Mexico.
"This completes an important milestone for the company and our
shareholders, as it has been our goal to maximize daily production
at both San Pedro and
Jovita. With the exploration at San
Pedro almost complete, and various infrastructure projects
currently ongoing, it is our expectation to reach full capacity in
the near term." said Adam Carter,
the President & CEO of Amarium. "We are now going to
gradually increase the production of the mill to ensure a
consistent workflow while maintaining targets for head grade of
copper ore."
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.