LAS VEGAS, July 10, 2014 /PRNewswire/ — Amarium Technologies, Inc. (PINKSHEETS: AMMG) through it's wholly owned subsidiary Amarium Minerals Inc., reports the appointment of Mr. Troy Morgan as the Manager of Operations at the San Pedro Mine located inMichoacan, Mexico. Mr. Morgan has a substantial history with the Company over the past year in a similar capacity at Amarium's other production facility, the Jovita Mine. The Company announced earlier in the week that it had completed upgrades to the processing mill at the San Pedro Mine, increasing the daily tonnage capacity from 20 tons per day (tpd) to 120 tpd.
Mr. Morgan, an engineering technician from New York, brings over 25 years of experience in project and process management, with the past 15 years focused specifically on mining operations.
"Troy has been an integral part of the Amarium Team, and has been preparing to take over the San Pedro operation for the past 8 months," said Adam Carter, the President & CEO of Amarium. "His focus will be to ramp up production at the mine, and manage the overall efficiency of the project. We believe that through his leadership and organization skills, San Pedro will be able to readily exceed its goal of 200 tpd prior to the end of the year."
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
[email protected]
SOURCE Amarium Technologies Inc.
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http://www.amariumminerals.com
