LAS VEGAS, Feb. 26, 2013 /PRNewswire/ -- Amarium Technologies, Inc. (PINKSHEETS: AMMG) released today that it is aggressively pursuing the acquisition of a copper property in Mexico. Once completed, the acquisition will represent a strategic shift in business for Amarium. The Company is now focusing on the acquisition and development of base metals projects inside Mexico that represent significant growth, value and cashflow opportunities.
Amarium's President, Adam Carter, commented, "Our ideal acquisition targets will be deposits that represent significant mineral resources, which are either currently in production or are near-term production. We have recently identified several opportunities in Mexico that meet or exceed our criteria and this is why we have decided to focus our attention on this region. This decision is also supported by the fact that base metal prices, particularly copper, continue to perform well above historical price levels. While known for gold and silver production, Mexico also hosts many high-grade copper and zinc mines that have very solid business fundamentals and would offer our shareholders a tremendous asset foundation for our company."
Mexico is widely regarded as a highly attractive region for foreign mining investment capital, where government support has facilitated the development of major mineral properties to levels of high production. In addition, Mexico offers a highly skilled labor force, experienced mining professionals, and an extensive infrastructure that includes numerous deep sea ports along the Pacific coastline that are strategically situated for export to leading markets like China.
For additional information, please visit: 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.
SOURCE Amarium Technologies, Inc.