18:33:28 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Nevada Clean Magnesium Inc
Symbol NVM
Shares Issued 152,511,450
Close 2016-08-12 C$ 0.02
Market Cap C$ 3,050,229
Recent Sedar Documents

Nevada Clean grants options to buy two million shares

2016-08-16 18:35 ET - News Release

Mr. Edward Lee reports

NEVADA CLEAN MAGNESIUM ANNOUNCES STOCK OPTION GRANT

Nevada Clean Magnesium Inc. has granted two million incentive stock options pursuant to its stock option plan for its directors, officers, advisers and consultants. The options are exercisable at a price of five cents per share for a five-year term.

Any shares issued on the exercise of these stock options will be subject to a four-month holding period from the date of the grant. This stock option grant is subject to approval by the TSX Venture Exchange.

About Nevada Clean Magnesium

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-per-cent-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 per cent Mg for a contained metal content of 111 billion pounds of magnesium using a cut-off grade of 12 per cent contained within a high-purity dolomite block.

We seek Safe Harbor.

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