Tickers: PINX:MLYFF, XTSX:NVM
Vancouver, British Columbia / TheNewswire / April 16, 2018 - Nevada Clean Magnesium, Inc. (TSXV:NVM; Frankfurt-M1V; OTCQB:MLYFF) (the "Company") is pleased to announce the appointment of Michael F. Pickholz to the Technical Advisory Committee. He is to assist the Company with technical aspects of granulation and alloying applicable to the Thixomolding market and identify product end users for off - take.
Mr. Pickholz, a mechanical engineer specializing in enabling solutions for the implementation of advanced automotive LED Illumination, advanced driver assistance systems (ADAS), and Automated Vehicle technologies, has over 30 years experience in product development, program management, domestic and international automotive business development. Notably, he led the production application of magnesium Thixoformed lamp housings/heat sinks and exposed external silicone optic technologies for automotive exterior LED lighting. He was also the winner of the FORD Next Challenge: "Lightweighting" lighting competition.
Mr. Pickholz is currently Head of Aftermarket and Innovation Products division for an international automotive lighting manufacturer.
Edward Lee CEO states "It is advantageous for us to have Michael's technical experience and knowledge of current markets and intimate connection to end users within the United States currently using and now looking to procure domestic magnesium metal supply. The timing is excellent and is a necessary step for the Company in order to secure potential long term off-take partners beginning with any metal to be produced from our planned continuous furnaces".
The Company is also pleased to announce that Steve Thorlakson, current director, has been appointed to the position of Vice President for Corporate Development.
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in September 2011 and amended in July 2014, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
The technical portion of this press release was prepared under the supervision and review of James Sever, P. Eng., director and COO for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument 43-101 standards.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that we produced magnesium metal and implies that we can become a major U.S. producer and distributor of primary, high grade, low cost magnesium metal. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, we may not be able hire and retain skilled employees, and other risks associated with being mineral exploration, furnace or company development. We may not be able to close with interested investors on our intended private placement because of perceived risks or market conditions. The Company undertakes no obligation to update forward-looking information except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this news release.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
Copyright (c) 2018 TheNewswire - All rights reserved.