Nevada Clean Magnesium Grants Scanmag Extnesion for JV Terms

Nevada Clean Magnesium (TSXV:NVM) reported that it has granted ScanMag AS’s request for an extension to comply with the terms and conditions of a pending joint venture between the two companies.

As quoted in the press release:

Both companies are committed to stable production of high grade, low cost magnesium; and continue to believe that the collaboration between them will allow development of their respective dolomite projects to progress on an accelerated pace so that this shared goal can be achieved.

Nevada Clean Magnesium chairman and CEO, Edward Lee, said:

In view of the strength of our ongoing discussions with ScanMag, we are comfortable granting this extension and look forward to continuing to build our relationship in the months ahead.

Click here to read the Nevada Clean Magnesium (TSXV:NVM) press release