LAS VEGAS, January 29, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned
subsidiary Amarium Minerals Inc., recorded Company high net
earnings in the 4th quarter ending December
31, 2013, of $578,004 over the
3rd quarter results of $392,034,
representing a 47% increase in net revenue from Q3 to Q4.
This is now the Company's second quarterly earnings report to
include revenues from the producing La Jovita and San Pedro Copper
Mines in the State of Michoacán, Mexico. Amarium achieved combined gross
production revenues from the Jovita and San Pedro sites of US$1,109,076 during the 4th quarter. The increase
in 4th quarter production revenue is mainly attributable to a full
three months of production at the San Pedro Mill and favorable
grade, price and throughput variances being achieved at the Jovita
Mine.
Adam Carter, the President and
CEO of Amarium, said "We are elated with the 4th Quarter results,
as they prove Amarium's ability to be a consistent producer period
to period and to simultaneously meet increased production targets
and improve efficiency. During this 1st quarter of 2014,
Amarium expects to make significant strides toward the Jovita
Mine's 500 tpd and San Pedro Mill's 200 tpd production goals set
for mid-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, 800-983-0814
Fax: 800-320-4180
info@amariumminerals.com
SOURCE Amarium Technologies Inc.