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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