(TheNewswire)
VANCOUVER, BRITISH COLUMBIA / TheNewswire / September 14, 2018 – Nevada Clean Magnesium, Inc. (TSX-V:NVM;
Frankfurt-M1V; OTCQB:MLYFF) (the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange to
engage The Stirling Group.
The Company signed a definitive agreement with The Stirling Group of Vancouver (“Stirling”) for an intial 6
month renewable contract for consulting services intended to position the Company for future expansion into production of magnesium
metal that meets market demand, build revenues and establishes name recognition to gain greater attention from the investment
community. Stirling’s plans should help the Company make a production decision in the future.
The Stirling Group is providing corporate services to formulate a strategic direction and tactical execution
plan complete with rigorous financial modeling and independent valuations for the explicit purpose of attracting investment. These
tools and outcomes will allow Nevada Clean Magnesium to focus on the future development and implementation of its technologies to
address business opportunities in the global magnesium industry.
The terms of the contract are for 6 months and renewable with an initial payment
of $25kUSD followed by an additional $40kUSD at the end of the fourth month after a successful money raise of up to $1 million USD.
Included in the term is a final money raise of $5million USD at the end of 6 months with a succession fee of 5% of the issued Class
“B” shares (approx. 9,000,000 shares) as calculated on the date of signing the agreement. Both proposed financings under this
agreement are also subject to a Finder’s Fee of 8% in cash.
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 that we can become a major U.S. producer and distributor of primary, high grade, low cost magnesium metal;
that we will get TSXV approval for our agreement with Stirling and that we can produce magnesium from
dolomite and the opportunity to commercialize operations,. Actual results may differ materially from those
currently anticipated due to a number of factors, including that the TSXV may not approve the agreement, we may not be able to fund
our plans or raise sufficient funds to carry on, the Company’s dolomite resource may not be mined because of technical, regulatory,
financing or other obstacles, the market price for magnesium may make our resources uneconomic, the process may not be able to be
commercially developed, none of our processes may result in cost-effective magnesium production, we may not be able to protect our
intellectual property and keep out competition, we may not be able to comply with our obligations under the Stirling agreement, we
may not be able hire and retain skilled employees, no market for our products may develop, anticipated demand may not materialize,
and other general risks associated with being a mineral exploration and development company. The Company
undertakes no obligation to update forward‐looking information except as required
by law. The reader is cautioned not to place undue reliance on forward‐looking
statements. These forward-looking statements are made as of the date of this news release and NCM undertakes no responsibility to
update these forward looking statements except as required by law.
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.
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
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