AIM Exploration Announces Partially Owned Subsidiary, Paladino, Is Planning for Expansion; AEXE Is in Final Talks With Financier for Funding Expansion
Henderson, NV, July 21, 2015 (Newswire.com) - AIM Exploration Inc. (OTCQB: AEXE) is pleased to announce it’s partially owned subsidiary, Paladino, has commenced expansion of the production facility. The foundation is complete and the majority of equipment and machinery have been sourced. The upgraded Production Facility should be operational by the end of the year.
In addition to several ceramic producers, a number of glass producers have expressed interest in our product. This comes after successful testing of our samples provided to one of our target Philippine customers indicating we should soon be receiving their open-ended order.
“This is a major development as the company will be able to produce Feldspar for a much wider client base. Inquiries are coming from several large domestic glass producers and from an international company sourced by Mr. Chen Yangqian, a member of our advisory board” - J.R. (Bob) Todhunter, President.
The Peruvian coal mining operations are on track with significant progress towards achieving active production. We anticipate shipping anthracite coal out of the Port of Salaverry, Peru by the end of 2015. Based on the recent assay results (SGS Lab report recently received) AIM has high-grade anthracite coal, AIM has initiated discussions with two very interested parties in China and India and we expect to have LOI’s to secure coal delivery in 2015.
AIM Exploration Inc. (OTCQB: AEXE) operates as a junior mining company focused on global mining, exploration and production. Further Information on our projects can be found at www.aimexploration.com and followed at https://twitter.com/aimexploration
About AIM Exploration, Inc.
AIM Exploration Inc. (OTC: AEXE) is a Nevada headquartered company with an operational office in Manila City, Philippines and Lima Peru. 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 100% ownership of an Anthracite coal project located in Peru. The Feldspar mine is currently producing and is currently 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.
AIM Exploration Inc.
J.R. (Bob) Todhunter, Director, President & CEO
Bus: 1 (844) 246-7378