TSXV:WMG.H - Post by User
Comment by
gohabsgo1on Nov 25, 2016 9:03am
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Post# 25512612
RE:NOT DEAD!!!
RE:NOT DEAD!!!
I do not believe that the project is dead, the leaders of this company, especially Ed and James, put a lot of effort to carry out this project! I do not expect Scanmag to go far beyond the deadline of December 18th for finalizing the agreement with NCM! And remember the remarks of the two presidents on June 19, 2016: Lothar Maruhn of ScanMag AS states We remain strongly committed to completing the joint venture between ourselves and Nevada Clean. Confirmation of the alternate reductant is a very important step for us and completion of the work will allow us to accelerate the commercialization of the process which benefits both our companies. Edward Lee, CEO of the Company, states Shareholders can now see that completing the test work will result, not only in the initial investment from ScanMag, but ultimately in the construction of commercialized full size furnaces. Any reduction in our timeline will be invaluable and we may be in a position to move straight to a bankable feasibility while conducting the prefeasibily study. So yes, we are very pleased that ScanMag remains committed to the completion of our joint venture." GLTA have a good week end ! GHG Read more at https://www.stockhouse.com/news/press-releases/2016/07/19/nevada-clean-magnesium-announces-amendments-to-joint-venture-with-scanmag#psFtDtJwALkLjmAB.99