VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / August 6, 2014 / Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") today announced the appointment of Jeff Wilson, Ph.D., P.Geo. as an independent member of the Company's Board of Directors. Dr. Wilson will assume the Board seat vacated by Daniel Koyich, who has offered to resign from the Board and serve as a member of Nevada Clean's Technical Advisory Board.
Dr. Wilson has worked in mineral exploration, consulting and market regulation for over 20 years. He has also worked as an independent consultant since 2013. Previous to this, he worked for four years as Director of Geology at Tetra Tech WEI, Inc., a leading provider of consulting, engineering and technical services focused on the worldwide water, environmental, energy, infrastructure and natural resource industries. From 2006 until joining Tetra Tech, Dr. Wilson worked as a Listings Manager at the TSX Venture Exchange, where he was responsible for reviewing technical and financial submissions by publicly traded resource companies. In addition, he has worked as a Project Geologist at Placer Dome Inc., Project Geologist for Fronteer Development Group, Senior Structural Geologist for AngloGold Ashanti in Brazil and Senior Geologist at Newcrest Mining in Indonesia.
Jeff Wilson, Ph.D., P. Geo
Dr. Wilson was a Prestigious Research Fellow at Rhodes University in South Africa, where he focused his studies on granite emplacement and tin-tungsten mineralization in the Bushveld Complex. He earned a Ph.D. in Geology from Kingston University in England and a Bachelor of Science degree in Geology from Glasgow University in Scotland. A recognized industry leader, Dr. Wilson has authored more than 22 published papers and articles and delivered nearly two dozen presentations at various academic and industry events, workshops and seminars around the world.
"We are very pleased to welcome Jeff to Nevada Clean's Board of Directors," stated Edward Lee, Chairman and Chief Executive Officer of Nevada Clean. "His strong leadership and extensive industry experience is expected to greatly complement the strengths of our other Board members - all of whom are committed to driving the growth of our Company through sound operational excellence and financial discipline. I'd like to thank Dan Koyich for his service as a Director of our Company, and greatly appreciate the fact that Nevada Clean will continue to benefit from his expertise and guidance as a valued member of our Technical Advisory Board."
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.
This news release was approved by James Sever, P. Eng., President and Director of Nevada Clean Magnesium and a qualified person recognized under NI 43-101.
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.
Kathy Addison, Chief Operating Officer
Email: [email protected]
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.
SOURCE: Nevada Clean Magnesium, Inc.