Nevada Clean Magnesium Travels to London at the Request of ScanMag AS
26 Février 2014 - 3:35PM
Access Wire
VANCOUVER, BRITISH COLUMBIA
- (AccessWire) - February 19, 2014 - Nevada Clean Magnesium,
Inc. (TSXV: NVM; Frankfurt-M1V; OTC
Pink Sheets: MLYFF) (the "Company") today announced the engagement
of Silvertip Design NW to provide detailed engineering plans for
the construction and development of a proprietary pilot reduction
furnace for the Tami-Mosi project, located in Central
Nevada.
Based on the
principles of the Bolzano thermal reduction process,
the pilot reduction furnace will include a
number of alternative condensers. The unit will be used to process
dolomite ore from Tami-Mosi to produce magnesium ingot expected to
meet ASTM B-92 grade for magnesium metal. Although not as prolific in global magnesium production as the
more costly Pidgeon Process, versions of the Bolzano Process, using
ferrosilicon as the reductant, is operated today by a magnesium
producer in Brazil. Nevada Clean chose to adopt the Bolzano
approach due to the benefits of resistance heating and the simple
furnace design required to achieve highly efficient energy
utilization, good vacuum integrity and environmentally
acceptable.
Operation of
the pilot furnace being developed by Nevada Clean
will be used to gain critical engineering data for the Company's
planned prefeasibility study. More specifically, Nevada Clean will
use this data to test a number of condenser
designs, prove the quality of the ore from
the Tami-Mosi ore body, and generate metal
samples for quality assessment by potential future customers. The
initial design work being tasked to Silvertip is expected to be
completed on or before February 28, 2014. Britt Bell, owner of
Silvertip Design NW and a 40-year veteran of the industrial light
metals industry, will serve as the chief project designer on the
project.
"Nevada Clean is
delighted to welcome Britt to our project development
team. His depth of mechanical engineering
experience, earned working for some of the world's largest light
metal industrialists is expected to prove invaluable to our Company
as we persist in our mission to become a major U.S. producer and
distributor of magnesium metal to the global markets."
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 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 late 2011, 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.
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
Statements
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 the closing a joint venture and
private placement.
Actual results may differ materially from
those currently anticipated due to a number of factors, including
that we may not be able to agree on final terms with ScanMag, that
the Company's dolomite reserves may not 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.
CONTACT
INFORMATION:
Hanover Elite
Kathy Addison, Chief
Operating Officer
Phone: 407-585-1080
Email: NVM@hanoverelite.com
Nevada Clean Magnesium Inc. (TSXV:NVM)
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