BEVERLY HILLS, Calif., Nov. 17, 2014 /PRNewswire/ -- AIM Exploration Inc. (OTC: AEXE), Beverly Hills, California, operates as a junior mining company focusing on global mining, exploration and production. Further Information on our projects can be found at www.aimexploration.com. AEXE is pleased to announce that it is moving forward to bring the Anthracite Coal Project into production.
Applications for the Environmental and Archeological study have been submitted to the Peruvian Government for approval. These are the two major studies required by the Peruvian Government to allow the mine to go into Production. Both studies are favorable to AEXE. AEXE expects approval early first quarter of 2015.
AEXE is currently negotiating with the Port of Salaverry while it is seeking a nearby Storage and Sorting Facility for the Anthracite Coal. AEXE personnel in Trujillo have already identified several suitable locations. This Storage and Sorting facility will allow AEXE to sell Anthracite Coal to the local market while showcasing the anthracite for international buyers.
AEXE is also looking for an operational office in Lima to help assist in further development of the company in Peru and the International Market. A strong presence in Lima will allow AEXE to further expand Operations and Sales.
About AIM Exploration, Inc.
AIM Exploration Inc. (OTC: AEXE) is a Beverly Hills, California headquartered company with an operational office in Manila City, Philippines. AIM operates as a junior mining company focusing on global mining, exploration and production. The company currently has two existing projects, a 40% interest in a Feldspar mine and production plant located in the Philippines and an Anthracite coal project located in Peru. The Feldspar mine is currently producing and will be undergoing upgrades for expanded production. The operation is controlled by Paladino Mining and Development Corp. The Anthracite Coal project, AIM owns and controls through its wholly owned subsidiary Aim Exploration SA. It is considered to be high grade Anthracite Coal mining properties in the Alto Chicama basin, in the province of Otuzco in Peru.
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "estimates", "expects", "anticipates", "believes", "projects", "plans", "targets" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
SOURCE AIM Exploration Inc.