Vancouver, British Columbia--(Newsfile Corp. - March 31, 2016) - Mag One Products (CSE: MDD) (OTCQB: MGPRF) (FSE: 304) announced plans to enter the high-performance wallboard market through a partnership with California-based MagBoard LLC, which markets its products under Rok-On Building Systems. (www.rok-on.com).
InvestmentPitch Media has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Mag One" in the search box. While on the site, please watch the Nelson Skalbania video interview.
Magnesium oxide wallboard, or magboard, is a technologically advanced building material that offers superior performance in every category when compared to traditional wood, gypsum and cement based products. It is virtually impervious to fire, water, insects and does not feed mold or mildew. It is non-toxic, and maintains its dimensional stability - even when wet, making it ideal for exterior applications.
Magboard is installed directly to the steel studs, requiring only a base coat and top coat to complete the installation. Whereas conventional wallboard requires additional steps including a vapor barrier, adhesive, rain screen, foam and mesh, prior to applying the finishing coats. Magboard significantly reduces costs, increases productivity and reduces construction time.
Currently, China is the only country that manufacturers magnesium oxide wallboard. It is expected that any magnesium oxide products made in North America would have a strong competitive advantage, especially in the U.S. wallboard market, which was estimated at 21.5 billion square feet in 2015.
Mag One is building a processing plant in Danville, Quebec to produce magnesium metal ingots and high-purity magnesium compounds, including magnesium oxide and magnesium hydroxide. Mag One has secured 30 million tonnes of tailings, containing an average of 23% magnesium, at its Danville site, which the company believes is sufficient for 70 years of magnesium ingot production, at a rate of 100,000 tonnes per year, utilizing 20 modules.
Equitorial Exploration recently invested $1.5 million to be used towards the development of Mag One`s first of a planned 20 magnesium production modules, with each module having the capacity to produce 5,000 tonnes annually of 99.9% pure magnesium ingots and ultra-pure magnesium compounds.
The Mag One-MagBoard partnership will explore the development and construction of a magnesium oxide wallboard plant at the same Danville location. In order to conform to North American building codes, the proposed Magboard plant in Quebec will initially modify the Chinese produced Magboards, prior to their sale to the construction industry. Once Mag One's operations produce surplus magnesium oxide, the joint venture will involve the manufacture of Magboards in Quebec.
Nelson Skalbania, Chairman of Mag One, recently stated: "Simply having a large mass of magnesium ore is not the 'key to the mint.' The company's innovative, proprietary, game-changing, patent, and patent application-protected production process and modular plant concept are the keys to competing successfully in today's world markets."
For more information about MAG ONE, please visit the company's website www.MagOneProducts.com, call 604-669-4771 or email info@MagOneProducts.com.
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