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USA
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Nevada Clean Magnesium Inc
Symbol NVM
Shares Issued 152,511,450
Close 2016-02-10 C$ 0.025
Market Cap C$ 3,812,786
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Nevada Clean completes Norway testing program

2016-02-10 13:04 ET - News Release

Mr. James Sever reports

MAJOR PRODUCTION COST REDUCTION ATTRIBUTE SUCCESSFULLY TESTED

Phase 1 and 2 of Nevada Clean Magnesium Inc.'s materials testing program being conducted in Norway were very successful. An effective, low-cost heat transfer medium was found, that will enable efficient recovery of previously lost high-grade heat from the magnesium production residue without interacting with the unreacted furnace charge.

James Sever, PEng, president and chief operating officer of NCM, reports phase 1 and 2 of the materials testing program being conducted at the Molab research facility in Norway have successfully identified this attribute through the use of the thermo-gravimetric analyzer. Various heat transfer mediums were assessed and the interaction of each heat transfer material with the reductant and feed material was observed. Through this work a material has been found that can convey the heat from the waste residue to the fresh furnace charge without interaction with the components of the charge. This should enable a reduction in cycle time and a reduction in energy needed to produce the magnesium. In other words, the productivity of each furnace will be increased while reducing the cost of production. Mr. Sever states, "We are very encouraged by the results to date and with the realization of this is keeping us on the path to becoming a very green and efficient modernized process."

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