Nevada Clean Magnesium Expands Board of Directors and Technical Advisory Board with Appointments of Key ScanMag AS Executives
20 Mai 2014 - 5:25PM
Access Wire
VANCOUVER, BC
/ ACCESSWIRE / May 20,
2014 / Nevada
Clean Magnesium, Inc. (TSXV: NVM;
Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company" or "Nevada
Clean") today announced that in connection with the
recently announced signing of the Joint Venture agreement with
ScanMag AS, the Company is pleased to welcome Lothar Maruhn,
Chairman and Chief Executive Officer of ScanMag AS, to the
Company's Board of Directors; and Dr. ing Finn Nordmo, ScanMag's
CTO and Project Manager, to Nevada Clean's Technical Advisory
Board.
In addition to leading ScanMag
AS, Maruhn also serves as the CEO of Mel?y
Naeringsutvikling AS, which is comprised of a comglomerate of
leading companies and financial insittutions in Norway For the past
28 years, he has been involved in advancing strategic new business
development opportunities in northern Norway with particularl
emphasis on the public service, tourism and industrial markets.
Previously, Maruhn was the CEO of SiPro AS, Scan Quarts AS and Scan
Crucible AS, all with focus in either renewable energy or
industrial metals. A graduate of Bod? Graduated School of Business,
he is fluent in three languages and has earned extensive leadership
experience managing multi-national businesses and relationships
over his 40+ year professional career.
After earning a degree from
the prestigious Norwegian University of Science and Technology,
Department of Technical Electrochemistry in Trondheim, Norway, Dr.
Nordmo served as key member of the aluminum manufacturing research
and development team at SINTEF (The Foundation for Scientific and
Industrial Research), the largest independent research organization
in Scandinavia. Prior to ScanMag, he worked for Hydro Agri and Yara
Internationa, where he held positions as process engineer,
production manager and plant manager of two mineral fertilizer
manufacturing facilities. After retiring from Yara International,
he became President of Scan Crucible AS and has served as a senior
industrial advisor to Mel?y Naeringsutvikling AS since
2008.
Commenting on the
appointments, Edward Lee, Chairman and CEO of Nevada Clean, stated,
"With an objective of recruiting the very best, most experienced
leaders to Nevada Clean's Board of Directors and Technical Advisory
Board, I am very pleased that we'll have the benefit of Lothar and
Finn's proven industry expertise on our team. As we move our new
joint venture forward with ScanMag AS, it is with great confidence
that the team we are assembling is indeed comprised of the best of
the best in industrial minerals, manufacturing and global business
development. It is an enormously satisfying time to be a part of
Nevada Clean, and today's announcement adds to our ability to
deliver on our promising growth potential."
About ScanMag
AS
ScanMag AS is an industrial
minerals company headquartered in Glomfjord, a
village in the municipality of
Mel?y just north of the
Arctic Circle on Norway's west coast. The Company was jointly
formed by Normin Mine AS and Mel?y
Naeringsutvikling AS in 2012 to develop a large
deposit of high quality dolomite, situated in
the Granasen field outside Mosj?en, near
Glomfjord and is comprised of both dolomite and
brucite. Mel?y Naeringsutvikling AS is jointly
owned by the municipality of Mel?y in Nordland County; Yara Norway
ASA, a subsidiary of one of the world's leading chemical company;
Sparebank 1 Nord-Norge, a banking group that has served North
Norway since 1836; and DNB Bank, Norway's largest financial
services group. These Companies have teamed to capitalize on
northern Norway's wealth of environmental resources to create new
jobs, expand industrial infrastructure and promote global
trade. www.mnu.no
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
ScanMag may not raise the necessary funds to invest, 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
SOURCE: Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium Inc. (TSXV:NVM)
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