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
info@amariumminerals.com
SOURCE Amarium Technologies Inc.