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Nevada Clean Magnesium (TSXV:NVM) says it has signed a license and royalty agreement with James Sever, a company director, to use his knowledge and concepts on the Tami Mosi and other projects. Sever has created concepts regarding the design and use of a condenser which the company is examining.
According to the press release:
Mr. Sever has developed concepts regarding the design and use of a condenser that will enable the commercial production of magnesium by direct reduction of carbon. He has also developed and continues to develop other technologies, potential applications and development strategies for the commercial production and use of magnesium. Under the License and Royalty Agreement, the Company gets use of these concepts and know-how to develop its properties.
Edward Lee, CEO of Nevada Clean Magnesium, said:
James Sever is known to be one of the world’s foremost experts on production techniques for magnesium, and we are delighted to know that his unique knowledge and concepts will help us when we have positioned ourselves to start buiding production facilities. Having Jim on board as a director and now as a guaranteed supplier of state of the art know-how gives us credibility in the marketplace we could not have earned without him. This license also puts Nevada Clean in the position where it can help develop other magnesium deposits world-wide, and earn an interest for our know-how, like the arrangement we announced with ScanMag A.G. of Norway.
Click here to read the Nevada Clean Magnesium (TSXV:NVM) press release