VANCOUVER, BRITISH COLUMBIA - (AccessWire) - December 23, 2013 - Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") today announced the appointment of Stephen Thorlakson as a new independent member of the Company's Board of Directors.
Thorlakson brings Nevada Clean a wealth of experience in the construction project management and logistics industry, as well as extensive financial and business management expertise, having worked more than three decades within the financial services industry. As founder and President of the Canadian consulting firm Thorlakson Management Ltd., he has provided guidance, direction and hands-on management of major industrial and business development projects for clients that have included Canadian Silica Industries, LaPrairie Works, Inc. and Eh-Cho Dene Enterprises. From 2006 through 2010, he served as General Manager of Surerus Pipeline, Inc., where he was responsible for policy research, development and implementation, as well as project estimating and project management, for the industrial pipeline company that has installed over 7000 km of pipe through some of Canada's toughest terrain since its founding in 1969. From 1980 until 2006, Thorlakson was a self-employed chartered financial planner in Fort St. John, British Columbia, a city for which he served as Mayor from 1990 through 2005 and Alderman from 1986 through 1990. He began his professional career working at Toronto Dominion Bank as Branch Manager and Senior Assistant Manager of Commercial Credit.
Edward Lee, Chairman and CEO of Nevada Clean, stated, "We feel very fortunate and privileged to have Steve as a new member of our Board of Directors. We are confident that his construction project management and leadership experience will prove invaluable to us as we proceed with advancing our Tami-Mosi project in Nevada and work to support our new Norwegian partners at ScanMag AS, once our pending joint venture with them is finalized."
About Nevada Clean Magnesium, Inc.
Nevada Clean Magnesium is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company's NI 43-101 Preliminary Economic Assessment Report published in late 2011, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block. For more information, please visit www.nevadacmi.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about the entering into a joint venture, the closing of a private placement, that we can create significant value for our shareholders, and that Nevada Clean Magnesium can become a major magnesium producer and supplier.
Actual results may differ materially from those currently anticipated due to a number of factors, including those beyond the Company's control. These risks and uncertainties include, among other things, that we may not be able to agree on final terms with ScanMag, that we may not be able to obtain regulatory approval, that we may not be able to raise funds required, that conditions to closing may not be fulfilled, that the Company's dolomite reserves may not mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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