LAS VEGAS, December 19, 2013 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned
subsidiary Amarium Minerals Inc., reports that the Company has
approved upgrades to their mill at the San Pedro Copper Mine in
Michoacán, Mexico. The flotation
mill at the San Pedro Mine currently has a capacity of 20 tons per
day (tpd), but after upgrades the mill will have a capacity of 200
tpd and will be expandable to 500 tpd. Amarium management stated
that the upgrades to San Pedro are
to begin immediately.
"We have been planning to expand the San Pedro mine since acquiring the project
earlier this year, so it is only fitting that we make this
announcement before the end of 2013. Upgrading the San Pedro Mill
is consistent with management's intention to maximize our current
portfolio of production assets" said Adam
Carter, the President & CEO of Amarium Minerals. "We
will now begin the initial phase of the mill expansion per our
milestone-based work schedule and it is our expectation to have the
project completed before the end of 2014."
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, +1-800-983-0814
Fax: +1-800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.