Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., would like to inform all of the Company’s stakeholders of the significant reasons for the exponential growth and potential of our mining operations in Mexico. AMMG’s strategy to invest and operate in Mexico has been based on the solid fundamentals of the local mining industry.
Mexico has the second largest economy in Latin America of over 1 trillion dollars annual GDP, the world’s fifth largest country by land area and political stability. The mining sector in Mexico, with over 500 years of history, is continuing to grow with over 280 national and foreign companies starting new exploration projects.
Mining in Mexico now represents more than 9% of total GDP. Mexico leads the world in silver production and copper production is nearing $2 Billion USD annually. Mexico also ranks fourth in the world and first in Latin America in attracting mining investment. During the period of 2007-2012 $15 Billion USD in foreign capital expenditures flowed into Mexico.
Mexico’s geological terrain is one of the most tectonically active and complex in the world. Orogenesis has pushed up mountain chains all across Mexico, like the Sierra Madre Oriental, the Sierra Madre Occidental and the Sierra Madre del Sur, and these three regions have formed some of the key metallogenic areas. This, in turn, has created very rich mineralization in many areas of Mexico.
According to Xavier García de Quevedo, CEO of Minera México, “The first advantage of mining in Mexico is the quality of the deposits. There is enormous unexplored mining potential and current found deposits have typically been of high quality. Two years ago, Mexico ranked as the best location for exploration in terms of the country’s investment risk for mining.”
Adam Carter, the President & CEO of Amarium, said, “I concur completely with Xavier Garcia de Quevedo, regarding the quality of the copper resource deposits, as this is evidenced on our Jovita and San Pedro mines and other properties in close proximity. This abundant high quality resource, in conjunction with our management expertise and ability to obtain funding, has facilitated our rapid growth as a lost cost producer. We now expect to readily exceed previous projections of processing 1,000 tons per day by early 2015.”
Adam Carter further stated “In our opinion, the perceived instability of the region is unfounded, and has caused a ‘knee-jerk’ reaction in the market over the past few months that has had a negative impact on our share value. However, we are confident that as the Company continues to execute its growth strategy focusing on operational fundamentals and production and revenue objectives, our share value will improve dramatically. The bottom line is that it’s business as usual for Amarium, and we are very excited about the current mining opportunities in both the State of Michoacán, as well as other parts of Mexico.”
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: +1-800-320-4180
SOURCE Amarium Technologies Inc.
