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SOURCE Amarium Technologies Inc.
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.
Amarium Technologies Inc.
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