More news as things progress in Norway
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Nevada Clean Magnesium, Inc.
(TSXV:NVM) |
| Media Advisory |
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11/26/2013 03:39:49 PM |
Media Coverage – Nevada Clean Magnesium, Inc. – AvisaNordland
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Hanover|Elite is pleased to provide you with the link to an article published by Avisa Nordland via AN.NO, titled "New Factory Can Provide 100 New Jobs." The article discusses the October announcement regarding the Binding Letter of Agreement (BLA) between Nevada Clean Magnesium, Inc. and ScanMag AS.
For your convenience, we have translated the original Norwegian article into English using the Google Translate™ translation service. Please click on the link below to view the English translation.
AN.NO - Translation - New Factor Can Provide 100 New Jobs
Please click the link below to view the original article.
https://www.an.no/nyheter/article7004108.ece
To receive more in-depth information on Nevada Clean, please contact Hanover|Elite at 407-585-1080 or via email at NVM@hanoverelite.com.
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.
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New Factory In Glomfjord
ScanMag AS and Nevada
Clean Magnesium have
entered into a binding
letter of agreement to
produce magnesium for
the North American and
European markets.*
The plan is to build a
magnesium plant first in
Glomfjord, then in the
United States.
The goal is 100 new
manufacturing jobs in Meloy.
If the companies succeed in
getting funding, the factory
will be built by 2015.
New Factory Can Provide 100 New Jobs
By Kenneth Didriksen | November 25, 2013
“If we succeed in establishing the factory , it will undoubtedly provide
spin -off effects and more industrial jobs in Meloy,” says the Chairman
of ScanMag AS, Lothar Maruhn.
It is still quiet in the big industrial hall where Sic Processing had its
production of cutting fluid to solar giant Rec.
But if all goes to plan for companies Scanmag AS, Nevada Clean
Magnesium and Vulcan Technologies, the building will house a large
magnesium plant as soon as 2015.
Big plans
“There remains some work related to investment and investors, but
we have faith that we will succeed,” says Lothar Maruhn.
This week he was visited bycollaborators from Nevada Clean
Magnesium (NVM), and while the job of securing funding progresses,
Vulcan Technologies isworking to fully develop the technology that
should be active within two years.
The goal now is only 50, but will later be 100 new manufacturing jobs, and both Maruhn and NVM Chairman
and CEO**
, Edward Lee, believe that by leveraging each other's expertise has good chances of success.
Agreement
Scanmag AS passed into the ownership of NVM to access the technology and expertise to build the factory.
The raw material for magnesium production should
be taken from the great dolomite presence in
Granåsen in Limassol.
The aluminum industry, Alcoa Mosjoen spearheading
most of the market, but companies also look to other
North American and European markets to find product.
“The magnesium industry in the rest of the world was
outdone by China, and has remained silent for a long
time . But now, the market and the need for
magnesium is bigger, and we believe we have
advantages in technology that will make us
competitive,” says Edward Lee.
New Factory In Glomfjord
Chairman of ScanMag, Lothar Maruhn and
Chairman and CEO of Nevada Clean Mangesium, Ed Lee.
Photo: Kenneth Didriksen
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Glomfjord
Lee believes the time has come for
magnesium production, and the agreement
signed between the Norwegian and
Canadian Companies also calls for the
planning of a similar plant in the U.S.
Another advantage for ScanMag and
Nevada Clean is that they have acquired
an option agreement on the use of
industrial building where Sic Processing
previously had their production.
“The plan is to purchase the building. We
have an opton agreement through March
of next year,” says Marian.
Spin -off
He believes that the creation of a magnesium plant in Glomfjord will also be helpful for other businesses
in the community .
“If we succeed with this project , it will provide a spin -off effect and open opportunities for other
industrial jobs,” said Marian.
Rodney Gander of Vulcan Technologies believes that because of the cooperation between the companies,
they have created a strong team that has a good chance of succeeding.
“United we stand , divided we fall,” is the motto he mentions when describing the project.
High hopes
Mayor Per Swensen has high hopes for the magnesium production in Meloy and is impressed that it has
been possible to work out a project like this so quickly.
“This is an incredibly exciting project , which is built from the ground up , and now we just hope that
funding will fall into place. It is not trivial in question, but the signals have been positive that you will
succeed in putting in place the 180 million crowns required,” says Swensen.
Disclaimer: This article has been translated from Norwegian into English using Google Translate
™
translation service.
*The original article translated to say that Nevada Clean Magnesium, Inc. and ScanMag have signed a Joint Venture agreement.
This is incorrect. On October 15, 2013, the companies announced that they had entered into a Binding Letter of Agreement (BLA).
**The original article listed Edward Lee as Director of Nevada Clean Magnesium, Inc., which is incorrect. He is Chairman of the
Board and CEO.