Nevada Clean Magnesium and ScanMag AS Meet in Norway to Advance Plans for Producing Magnesium Metal for North American and European Industrial Markets
In an effort to keep you informed of developments at
Nevada Clean Magnesium, Inc.(TSXV: NVM; OTC Pink: MLYFF; Frankfurt-M1V), Hanover|Elite is pleased to bring you the Company's most recent press release.
Nevada Clean Magnesium, Inc. ("Nevada CMI" or the "Company") today commented on the Company's management team's recent due diligence trip to Norway to meet with officials from ScanMag AS, the Norway-based industrial minerals company that has signed a Binding Letter of Agreement to form a new joint venture ("JV") with the Company. The expected JV, providing for both companies to collaborate on and mutually benefit from the development of their respective domomite deposits to produce magnesium metal for the North American and European industrial markets, is expected to be finalized in early 2014, subject to ScanMag closing on an expected $30 million project financing and the approval of the TSX Venture Exchange.
Both Nevada Clean and ScanMag are actively engaged in projects involving the development of high quality deposits of dolomite, the key mineral used in the production of magnesium. ScanMag, which is jointly owned by Normin Mine AS and Meløy Næringsutvikling AS, is focused on developing its significant dolomite deposit located in the Granåsen field not far from Glomfjord in Nordland County, Norway; and Nevada Clean is concentrating on developing its 100%-owned dolomite assets on its Tami-Mosi property in north central Nevada.
To view the news announcement in its entirety, please click on the link provided below.
If you would like to learn more about the Company or would like to interview management, please contact the Hanover|Elite at
407-585-1080 or via email at
NVM@hanoverelite.com.
Please click on the link below to view:
NVM - Meeting in Norway with ScanMag - FINAL - 12-10-13.pdf
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 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 late 2011, 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.
Professional Regards,
HANOVER|ELITE
407-585-1080
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