LAS VEGAS, October 23, 2013 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned
subsidiary Amarium Minerals Inc., reports that the Company's first
shipment of copper production to Anglo Asia Resource Partners is
currently in transit. The initial copper shipment of 65,000 pounds
to its destination in China begins
the fulfillment of the copper stream sales agreement the Company
entered into with Anglo Asia on June
5, 2013.?Anglo Asia Resource Partners is a private
Hong Kong partnership that is
focused on procuring precious and base metals for the Asian
market's manufacturing and industrial supply chain.
"The first copper shipment is an important milestone for
Amarium, and signals an exciting new era for the Company," said
Adam Carter, President and CEO of
Amarium Minerals. "It is our responsibility to mine, process,
transport and load copper at the port facility. This whole process
was a learning experience for us, but was completed successfully
without any significant logistical issues. We are encouraged by the
seamlessness of the processes we set-up and look forward to
continuing to fulfill the supply obligations with regular shipments
to our business partner Anglo Asia."
In addition to announcing confirmation of the first copper
shipment, the Company also stated that it plans to post its
3rd quarter financials in the coming weeks, for the
period ending September 30, with
expected earnings to reflect the Company's previously announced
production at the Jovita Mine being ahead of schedule. Mr. Carter
also stated, "We are looking at the feasibility of rewarding
Amarium shareholders in a direct manner in the future, as the
Company has been very fortunate to exceed expectations for the
recent quarter.?However, our first priority is growth and we need
to closely evaluate our current position to make sure that the
Company continues to meet or exceed its planned performance targets
going 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:?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.