LAS VEGAS, Dec.1, 2014
/PRNewswire/ -- Calissio Resources Group Inc. (OTC: CRGP) is
pleased to provide the following letter to shareholders, discussing
the recent changes to the Company.
Dear Shareholders,
I would like to take this opportunity to speak directly to our
stakeholders regarding Calissio's most recent corporate events.
Rebranding & Restructuring
The most obvious change has been to rebrand the Company as
Calissio Resources Group Inc., from the previous name Amarium
Technologies Inc.. The name change was enacted to more
appropriately and clearly reflect the operations of Calissio as a
mineral producer based in Mexico,
and not a technology company, as the previous name suggested.
In addition, the Company felt it was important that our name
reflect the relationship with our local partner & active
shareholder, Industrias Calissio SA (ICS). ICS has facilitated
numerous opportunities for Calissio over the past 24 months, and
continues to act as both an advocate and representative for
Calissio to both local government officials and equipment
manufacturers. Our relationship with ICS has been a major factor in
the Company's ability to acquire and develop two operating mines in
the Michoacán region.
Furthermore, with Calissio now poised to advance to the next
stage, management made the decision to implement a corporate
restructuring designed to attract a new base of shareholders in
both the retail and institutional markets. This plan is consistent
with both the short-term requirements for Calissio and the
long-term vision to expand the Company.
Operations & Revenues
The Company's primary mineral assets are the wholly owned,
Jovita and San Pedro Mines, located
in Michoacán, Mexico.
The Jovita Mine is a copper mine that is currently in production
with an operating mill on the property. Recent upgrades to Jovita
have increased production to the currently level of 200 tons per
day (tpd). Also, additional upgrades at the Jovita mine are
near complete, to both the mill and the surrounding infrastructure.
Calissio expects to increase throughput at Jovita beginning by
early 2015, with an expected capacity of 500 tpd. There are
currently plans for the Calissio to engage further exploration of
the Jovita property, and develop the copper resource estimate.
The San Pedro Mine is a copper mine, also in production, with a
recently expanded mill on the property that currently has a
capacity of 120 tpd. Due to recently completed upgrades at
San Pedro, Calissio plans to begin
testing and production increases, as the expected capacity of the
mill will be 200 tpd. The Company is currently engaged in an
exploration program at San Pedro,
that is expected to continue into early 2015.
In addition to San Pedro and
Jovita, Calissio announced in August
2014, the acquisition of El Desvan Cobre. Calissio is
currently extracting high-grade ore from El Desvan Cobre and
shipping it to the San Pedro Mine for processing, to alleviate
production gaps caused by exploration activities on the San Pedro
Mine. Plans to further develop the El Desvan Cobre property are
extensive and currently underway.
The Company recently reported $2.53
million net earnings for the 3 months ending September 30, 2014, from its operations at the
San Pedro and Jovita
facilities. Calissio expects to use this platform of
production and earnings to expand its production through
development and acquisitions to take the Company to the next level
as a mid-tier mineral producer.
Management
Calissio has secured commitments from a number of highly
qualified mining and business professionals to be integrated into
the Company over the next several months. The
addition of these key personnel and positions within the management
team will further establish the technical and professional
expertise required for the Company to maximize its expansion going
forward.
Corporate Development
One of our fundamental goals over the next 18 months is to
graduate Calissio to a senior U.S. based exchange. The
opportunities and benefits of a senor listing are of paramount
importance for Calissio to continue its rapid growth strategy.
Copper Market
While the current copper market is trading at below historical
levels, our long and short-term projections for copper remain
bullish. With copper prices currently around US$3 per pound, Calissio remains profitable, with
both our San Pedro and Jovita
operations. We are diligently continuing to work towards lowering
production costs and improving operating efficiencies to increase
our opportunities for an improved bottom line going forward.
Website / Investor Relations
We are in the process of updating our investor relations
material and the corporate website, both will be available shortly.
The Company understands the importance of keeping our stakeholders
apprised of corporate developments. Calissio management pledges to
make corporate communications a priority moving forward, and we
encourage investors to download the updated investor package and
contact the Company with any questions they may have.
In Closing & Looking Forward
The Calissio team is extremely motivated and enthusiastic to
further elevate the Company into a mid-tier mineral producer.
Our management group is also highly confident that this is an
attainable benchmark, based on the foundation the Company has built
to date and the recent strategic corporate developments. We
encourage our shareholders and other interested parties to contact
the Company directly and communicate specific questions or concerns
they may have as a result of the most recent events.
Yours Sincerely,
Adam Carter
President & CEO
Calissio Resources Group Inc.
Calissio Resources Group Inc., 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.calissioresources.com
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward looking statements concern our anticipated
results and developments in the Company's operations in future
periods, planned exploration of its properties, plans related to
its business and other matters that may occur in the future. These
statements relate to analyses and other information that are based
on forecasts of future results, estimates of amounts not yet
determinable and assumptions of management. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (words used such as "expects",
"anticipates", "plans", "estimates" or "intends", "should" or
"will") are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are subject
to a variety of known and unknown risks, uncertainties and other
factors which could cause actual events or results to differ from
those expressed or implied by the forward-looking statements.
Should any of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, believed, estimated or expected.
We caution readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date made.
We disclaim any obligation subsequently to revise any
forward-looking statements to reflect events or circumstances after
the date of such statements or to reflect the occurrence of
anticipated or unanticipated events, except as required by law.
Contact:
Calissio Resources Group Inc.
Investor Relations, 1-800-825-2075
info@calissioresources.com
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SOURCE Calissio Resources Group Inc.