19:02:45 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Nevada Clean Magnesium Inc
Symbol NVM
Shares Issued 179,868,508
Close 2018-05-15 C$ 0.035
Market Cap C$ 6,295,398
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Nevada Clean's U.S. unit changes name

2018-05-16 11:06 ET - News Release

Mr. Edward Lee reports

NEVADA CLEAN MAGNESIUM REBRANDS US SUBSIDIARY

Nevada Clean Magnesium Inc.'s Nevada Moray Inc., a wholly owned American subsidiary, has changed its name to Nevada Clean Magnesium USA Inc. The company considers that the Nevada Clean Magnesium brand has gained value and the name change of its U.S.-based subsidiary better reflects the company's overall goals and operations. The name change became effective in April, 2018.

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 metal extracted from its 100-per-cent-owned Tami-Mosi property, located in north-central Nevada. Based on the company's National Instrument 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 magnesium for a contained metal content of 111 billion pounds of magnesium using a 12-per-cent cut-off grade contained within a high-purity dolomite block.

The technical portion of this press release was prepared under the supervision and review of James Sever, PEng, chief operating officer for Nevada Clean Magnesium. Mr. Sever is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

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