Tickers: PINX:MLYFF, XTSX:NVM
VANCOUVER, BRITISH COLUMBIA / TheNewswire / October 24, 2016 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") is pleased to provide a fabrication update of the bench scale pilot furnace currently being completed in Fort St John, British Columbia by Lindon Enterprises Ltd.
A recent site visit and subsequent meetings conducted by James Sever, COO and director of the Company, with the fabricators of the furnace identified final design details of the furnace and condenser. These modifications were motivated by the positive test work that was conducted on the Tami-Mosi dolomite by the University of Colorado which demonstrated the reactiveness of the dolime as being 100% with both the base case reductant of ferro silicon and the identified alternate reductant.
The additional pieces of equipment and instrumentation needed to operate the furnace and produce magnesium were identified and sourced. Also addressed were the logistics for operating the furnace such as when and where.
James Sever states, "The bench scale test work provided engineering details. Operating this pilot furnace using both reductants will provide a quantity of magnesium metal for evaluation of metal quality and will confirm the engineering data required to satisfy the proof of concept required for the NI 43-101 prefeasibility report. Once this work is complete testing will begin to achieve a continuous processing operation."
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.
This press release was prepared under the supervision and review of James Sever, P. Eng., president 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.
Forward Looking Statement
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
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