Breaking News Coverage for Amarium Technologies, Inc. (OTCPink: AMMG) - November 12, 2013

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Company Snapshot
Amarium Technologies, Inc.

5940 South Rainbow Blvd.
Las Vegas, NV 89118

www.amariumminerals.com

Officers:
Adam Carter, President
Tel: (800)983-0814

Sector: Services
Ticker Symbol: AMMG
Exchange: OTCPink
Shares Outstanding: 498,778,578

Float: APX 21,618,404 +/-

52 Week Low: $0.05
52 Week High: $0.59

 



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Amarium Releases Production Revenues And Profits for Third Quarter - 2013
 

Las Vegas, Nevada - Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., reports Net Earnings for the 3rd quarter ending September 30, 2013, of $392,034, the Company’s first earnings report to include revenues from the producing La Jovita and San Pedro Copper Mines in Michoacán, Mexico. Amarium reported total production revenues from both sites of US$784,035 during the period.

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Adam Carter, the President & CEO of Amarium stated that he was very pleased with the 3rd Quarter results, especially given all the changes the Company is currently undergoing. “Q3 is a milestone for the Company, as this marks the first earnings statement since the change of business direction and the acquisitions of the La Jovita and San Pedro Copper Mines. Revenues and earnings exceeded projections, due to production of both our copper mills running well ahead of schedule. We can now begin to focus more of our attention on the ongoing expansion and exploration activities at La Jovita, to ensure our growth moving forward.”

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: 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.

 

About Amarium Technologies, Inc. (OTCPink: AMMG)

 


Amarium Technologies Inc., DBA: Amarium Minerals Inc. (OTC/PINKS: AMMG) is a mining company focused on achieving full production capacity of its copper resource on its Jovita mining property and the acquisition of other properties.

Amarium has been focusing its efforts on the acquisition and development of base metals projects in Mexico that is 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.


Jovita Overview

PROPERTY DESCRIPTION:
The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan. The current production capacity of the mine is 40 tons per day (TPD) and is projected to be producing 1,000 TPD within less than two years or by the end of 2014. The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers. Michoacan is a historic mining region in Western Mexico with a large deep-sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets.

PROPERTY LOCATION:
Jovita property is 250 hectares Located in the municipality of Vialla Madero, Michoacan and 150 meters east of the town La Carpinteria. Coordinates (UTM) 02,56,719 East and 21,32,971 North, and only 47 km from the city of Morelia Michoacan. The main access to the property is from highway number 14 that comes from Morelia, Michoacan going to Patzcuaro, Michoacan.



MINE PLAN
Mining operations are currently ongoing and are processing 40 tons per day (TPD) on Amarium's 250 hectare concession.
The soon to be upgraded mining operations will have a capacity of 150 yards per hour and a theoretical daily capacity, with maintenance time to through-put of 1,500 cubic yards or 2,000 TPD based on a 10 hour operating day. For the short term from now to June 30 2013 operations will run at 500 TPD and then for the medium term between June 30, 2014 and December 31, 2014 term Amarium Minerals has planned production of 1,000 TPD. After 2014 Amarium will increase production capacity to theoretical capacity levels of 2,000 TPD and further expand production capacity in 2015 and beyond the expanded operation of 500TPD can be up and running within 60-90 days from the existing 40 TPD operation. A total mining production staff of 12 will operate in two separate shifts of six crew members working a 12 hour shift.


Recent Amarium Technologies, Inc. (OTCPink: AMMG) News Releases


Amarium Schedules Additional Copper Shipments to Asian Market

Amarium Announces Initial Copper Production Shipment

Amarium's Production Ahead of Schedule at Jovita and Expansion at San Pedro Mill Explored

Amarium Completes High-Grade Copper Ore Purchase Agreement

Amarium Receives $4.5 Million Payment from Anglo-Asia Resource Partners

Amarium Completes First Phase Trenching of Jovita Exploration Program

Amarium Signs Agreement with Mining Consultant Sebastian Cervantes Cuevas to Join Board of Directors

Amarium Acquires San Pedro Copper Mine & Flotation Mill

Amarium Announces $3.2 Million Financing Agreement

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