Nevada Clean Magnesium Announce Major Production Cost Reduction Attribute Successfully Tested

Nevada Clean Magnesium (TSXV:NVM) announced that Phase 1 & 2 of the materials testing program being conducted in Norway was 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.
As quoted in the press release:

James Sever, P.Eng. President and Chief Operating Officer of the NCM reports Phase 1 & 2 of the materials testing program being conducted at the Molab research facility in Norway has successfully identified this attribute through the use of the Thermo-gravimetric analyzer (“TGA”) . 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.

Nevada Clean Magnesium President and Chief Operating Officer, James Sever, stated:

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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