Nevada Clean Magnesium Extends Financing

Published 2018-10-17 14:54:00-06

Tickers: PINX:MLYFF, XTSX:NVM
Tags: Mining



VANCOUVER, BRITISH COLUMBIA / TheNewswire / October 17, 2018 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTCQB:MLYFF) (The "Company") is pleased to announce that it has received a 30-day extension from the TSX Venture Exchange for its current non-brokered private placement. The Company confirms that there is no material undisclosed information.

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.

Forward-Looking Statements

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 will transition from development to processing and that we can become a 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 a mineral development and processing company. We may not be able to raise funds to carry out our plans. 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:

John Ulmer, Investor Relations at (604) 210-9862

For additional information please visit our website at http://www.nevadacmi.com or view our profile at http://www.sedar.com.

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