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VANCOUVER, BRITISH COLUMBIA / TheNewswire / December 2, 2015 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) ("NCM" or the "Company") is pleased to provide an update on the construction of the bench scale pilot furnace being fabricated by Lindon Acres Enterprises Ltd. ("Lindon") located in Fort St John, British Columbia (Previously announced October 6, 2015).
Under the technical guidance of James Sever, P. Eng., the materials procurement and furnace shell fabrication phases are now complete and the furnace assembly is 60% complete. It is expected that the pouring of the refractory linings will take place within 3 weeks followed by the installation of instrument and electrical components. The refractory lining will be subject to a baked-out period at operating temperature to remove moisture and to cure the lining.
Construction of the furnace is on track to be completed late December 2015. The testing program is expected to start early in the new year which will coincide with the completion of the materials testing program currently taking place by Meloy Innovation and Technology Center AS (MITC) in Norway. (Please refer to the NCM news release dated September 23, 2015.) To view photos of the furnace please visit the NCM website. http://nevadacmi.com/investors/photos
The furnace is designed to hold an approximate dolime/ferro-silicon charge of 10 lbs. and it is expected to return a magnesium crown of 1 lb. The dolomite portion of the charge will be taken from the retained reject samples from previous drill program of the Tami Mosi property.
It is expected the operation of the bench scale pilot furnace will provide the opportunity to identify and correct potential design flaws prior to construction of the commercial scale pilot furnace. The testing will provide the proof of concept that Mg metal is obtainable from the Tami Mosi dolomite.
The thermal reduction process being used was originally developed and operated in the 1930's. It was the source of the magnesium alloy used to make the air cooled Volkswagen engine. Today, a thermal reduction facility is still successfully operating after 38 years in Brazil. Being both competitive and environmentally sound, it provides magnesium metal and alloys for its domestic demand in the auto and aluminum industries.
James Sever, president/COO for NCM explains, "This furnace is perfectly sized to allow for the examination of many of the potential cost saving innovations that will enable the new facility to be competitive on a world basis."
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.
Qualified Person
James Sever, P. Eng. a qualified person recognized under NI 43-101, supervised the preparation and approves the technical content in this news release.
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
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 statements about building of a pilot furnace, timing for completion, expected results and benefits of the pilot furnace, that the results will allow us to finalize our full scale furnace design and better understand efficiencies, and that magnesium has increased demand and new applications.
Actual results may differ materially from those currently anticipated due to a number of factors, including that we may not obtain regulatory approval for the transaction, results may not be as we expect, the pilot furnace may not be completed or may be completed later than expected, 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, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at 604-210-9862
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