LAS VEGAS, June 9, 2014 /PRNewswire/ — Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., reports the initiation of a Copper Mineral Asset Acquisition Program (MAAP). Adam Carter, the President & CEO stated that Amarium’s net-earnings over the previous 12 months have significantly exceeded projections, therefore generating cash reserves for reinvestment. Due to the capital surplus and the ongoing relationship with Anglo-Asia Resource Partners’ demand to purchase additional copper, the Company is instituting the MAAP to increase value for shareholders.
“There are several exceptional copper assets in Mexico, that in our opinion, are currently undervalued and available for immediate purchase. This presents an opportunity to capitalize and expand Amarium’s core asset base through value acquisitions,” said Adam Carter. “We have now initiated a program to aggressively pursue copper asset acquisition opportunities that will provide increased fundamental value to our shareholders. Expanding our portfolio of properties in the region is a key component of the Company’s strategic plan to sustain our long term growth and viability.”
Management has stated the core focus of MAAP is to increase fundamental value, through whole or partial ownership, working interest and revenue streaming opportunities. Amarium is currently engaged in the due diligence process for two separate copper property acquisitions.
In addition to expanding the mineral resource through acquisitions, the Company is also considering the declaration a cash dividend to shareholders due to the aforementioned cash surplus.
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
SOURCE Amarium Technologies Inc.
/Web site: http://www.amariumminerals.com
