Nevada Clean Magnesium and ScanMag AS Begin the Technical Development Work Program

Magnesium Investing
TSXV:NVM

Nevada Clean Magnesium (TSXV:NVM) announced that Meloy Innovation and Technology Center AS under the supervision of ScanMag AS has begun the development work on the material testing program in Norway.

Nevada Clean Magnesium (TSXV:NVM) announced that Meloy Innovation and Technology Center AS under the supervision of ScanMag AS has begun the development work on the material testing program in Norway.
As quoted in the press release:

The development will begin with the purchase of the Thermo Gravimetric Analyzer (“TGA”) unit by MITC. The unit is expected to arrive within 10 days. After some minor modifications to the unit, the first of a two phase program will commence. It will include confirmation testing of the dolomite from the intended ore body as well as assessment of potential reductants. There is particular interest is in the performance of one alternate material, which is being assessed as an alternative reductant to the more expensive ferro silicon.
The testing program is expected to be completed by the end of the year. If successful, the companies will proceed with designing and development of the pilot program. This will be comprised of the fabrication of multiple pilot furnaces and installation of the necessary supporting auxiliary equipment to operate at a small production level. The pilot facility will be designed to allow for the incremental installation of additional equipment to bring the plant to full scale production.

Nevada Clean Magnesium CEO, Ed Lee, stated:

We are obviously very pleased the development work has started and is definitely a positive for the shareholders of Nevada Clean Magnesium. The process that is being developed and installed at ScanMag will be directly utilized at the Tami Mosi project in Nevada. By having the comfortable and stable relationship with ScanMag, it offers us the chance to address and eliminate the technical process risks that are typically inherent with new operating projects.
The timing is right for magnesium metal production, especially if it can happen within the USA. The metal has a bright future with more opportunities than ever before. The material applications for magnesium metal is constantly evolving and expanding for three major industry sectors, including auto manufacturers needing to meet the CAFE standards for 2025 where the use of magnesium to lighten the weight is a natural fit; the aerospace industry with the recent acceptance of magnesium for use in passenger spaces in commercial airlines by the Federal Aviation Administration (FAA) and its European counterpart, the European Aviation Safety Agency (EASA); and the energy sector where there is a drive to replace the $10 billion lithium battery market with magnesium as a more efficient and environmentally friendly alternative for batteries for electric cars and dry cell applications.

Connect with Nevada Clean Magnesium (TSXV:NVM) to receive an Investor Kit

The Conversation (0)
×