(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / TheNewswire /
October 24, 2016 – Nevada Clean Magnesium,
Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the “Company”)
is pleased to provide a fabrication update of the bench scale pilot furnace currently being completed in Fort St John, British
Columbia by Lindon Enterprises Ltd.
A recent site visit and subsequent meetings conducted by James Sever, COO and director of the
Company, with the fabricators of the furnace identified final design details of the furnace and condenser. These modifications were
motivated by the positive test work that was conducted on the Tami-Mosi dolomite by the University of Colorado which demonstrated
the reactiveness of the dolime as being 100% with both the base case reductant of ferro silicon and the identified alternate
reductant.
The additional pieces of equipment and instrumentation needed to operate the furnace and produce
magnesium were identified and sourced. Also addressed were the logistics for operating the furnace such as when and
where.
James Sever states, “The bench scale test work provided engineering details. Operating this
pilot furnace using both reductants will provide a quantity of magnesium metal for evaluation of metal quality and will confirm the
engineering data required to satisfy the proof of concept required for the NI 43-101 prefeasibility report. Once this work is
complete testing will begin to achieve a continuous processing operation.”
Photos of the furnace and of the recent verification work can be viewed on the company’s
website: http://nevadacmi.com/investors/furnace-oct-2016
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.
This press release was prepared under the supervision and review of James Sever, P. Eng., president
and COO for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument
43-101 standards.
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
Except for statements of historical fact, this news release contains certain
"forward‐looking information" within the meaning of applicable securities laws.
Forward‐looking information is frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward‐looking statements are
based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the
forward‐looking statements. The Company undertakes no obligation to
update forward‐looking information if circumstances or management's estimates
or opinions should change except as required by law. The reader is cautioned not to place undue reliance on
forward‐looking statements. More detailed information about potential factors
that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory
authorities by the Company.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
For additional information please visit our website at http://www.nevadacmi.com or view
our profile at http://www.sedar.com.
You may also follow us on Facebook, Twitter or LinkedIn
Copyright (c) 2016 TheNewswire - All rights reserved.