LAS VEGAS, June 24, 2014 /PRNewswire/ — Amarium Technologies Inc. (PINKSHEETS: AMMG) (OTC: AMMG) though its wholly owned subsidiary Amarium Minerals Inc., announces the company has initiated a infrastructure upgrade at the Jovita Mine to facilitate increased production. Upgrades of the roads and loading faculties have been planned for over a year, and are a requirement for the continued expansion of production at the Jovita Mine. The project is scheduled for completion within 90 days, and is budget at an estimated US$375,000. The Jovita Mine is located in Michoacán, Mexico, and has been recently expanded to an operational capacity of 200 tons per day (tpd).
“This is a logical next step for the company, as there are several upgrades to the existing infrastructure at Jovita, that need to be completed. The bottom line is that further expansion is only possible with improved access and power to the mine,” said Adam Carter, the President & CEO of Amarium Minerals.
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
SOURCE Amarium Technologies Inc.
