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or Name
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Nevada Clean Magnesium Inc
Symbol NVM
Shares Issued 143,651,450
Close 2014-07-09 C$ 0.06
Market Cap C$ 8,619,087
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Nevada Clean files amended NI 43-101 PEA for Tami-Mosi

2014-07-10 12:46 ET - News Release

An anonymous director reports

NEVADA CLEAN MAGNESIUM FILES AMENDED AND RESTATED 43-101 TECHNICAL REPORT

Nevada Clean Magnesium Inc. has amended the company's National Instrument 43-101 preliminary economic assessment and technical report of the Tami-Mosi magnesium project, dated effective Sept. 15, 2011, and amended as of July 4, 2014. As a result of a review by the B.C. Securities Commission, the company amended the NI 43-101 technical report as of July 4, 2014, to address the comments raised by the BCSC relating to including an after-tax based-case scenario, providing certificates of only qualified persons for all sections of the report, ensuring that the requirements for the disclosure of historical estimates have been met, ensuring that sections of the report have been updated to provide the specific disclosure required by the BCSC, and ensuring that the section on mineral resources has been revised to provide clarity on what is an inferred resource and what is a mineral reserve. There were no material differences between the mineral resource estimates regarding the Tami-Mosi magnesium project set out in the original report and those set out in the amended report.

The following qualified persons have reviewed and approved the technical content of this news release:

  • James C. Sever, BSc, MSc, MBA, PE, president and director of Nevada Clean;
  • Fred Buckingham, PhD, PE, MPR Associates Inc.;
  • Hassan Ghaffari, PEng, Tetra Tech WEI Inc.;
  • Tysen Hantelmann, PEng, JDS Energy and Mining Inc.;
  • Jianhui (John) Huang, PhD, PEng, Tetra Tech WEI;
  • Norm L. Tribe, PEng, N. Tribe & Associates Ltd.;
  • Sabry Abdel Hafez, PhD, PEng, Tetra Tech WEI;
  • Klaus Triebel, CPG, self-employed resource geologist.

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