MONTREAL--(BUSINESS WIRE)--Tamino Minerals, Inc. (OTC MARKETS: TINO), a Junior Exploration Mining Company that explores for precious minerals and other metals in the country of Mexico, announced today the targeting of 5 new exciting properties by its geologist and the engagement of a financial advisor to assist the company with identifying and evaluating strategic growth options to maximize value for the company's stakeholders.
Pedro Villagran-Garcia, President and CEO of Tamino Minerals, Inc., said, "Our differentiated approach toward exploring for Mexico’s Natural Resources has made effect in the Market already. Our Board of Directors is undertaking this review to identify the best way to maximize the value of our assets for our stakeholders given our current financial position and market dynamics in the Mining Exploration Industry."
The company´s financial position has vastly improved as we are making this transition. New shareholders have been an integral part of our growth and expansion. The company is still negotiating an ongoing financing with a very reputable institutional entity. We will soon make a much more detailed announcement on this matter.
The geologists are exploring properties across multiple states: Michoacán, Oaxaca, Zacatecas, Guerrero, Sinaloa and Sonora.
In particular, the focus is on: Copper and Silver Porphyries, epithermal Gold and Silver, Iron Ore and Baryte.
Silver demand continues to rise with supply lagging behind, pushing the price of Silver up over 200% in the past 10 years.
Mexico is the 10th largest Gold producer, with production approaching 100 tonnes per year, worth about $5 Billion annually.
Internationally, the market for Copper is one of the largest of all metals behind iron and aluminum, over $150 billion annually, with China's demand a whopping 43% (Source:ICSG and IMF). Porphyry ore-bodies (the largest source of copper ore) can be economic from copper concentrations as low as 0.4% copper.
For more information on this news release feel free to contact our President & CEO, Mr. Pedro Villagrán-García, Professional Engineer and Master in Business Administration.
Forward Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to its plans or operations. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the SEC which can be found at www.sec.gov. There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.