Nevada Clean Magnesium Inc. Engages Zimtu Capital Corp.
VANCOUVER, BRITISH COLUMBIA / TheNewswire / January 13, 2016 - Nevada Clean Magnesium Inc.. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company" or "NCM") today announced that it has engaged Zimtu Capital Corp. ("Zimtu") of Vancouver, BC for corporate consulting services to NCM.
Zimtu is to provide business development, strategic planning, marketing, financial services, research and communication products to the Company, as well as access to its co-operative marketing programs. The term of the contract is a monthly fee of $5,250 for 12 months.
"With Zimtu's expertise in assisting companies, we are confident that the exposure of our magnesium project will reach out to the domestic and international investing communities in a professional and consistent manner," stated Ed Lee, CEO and Director of the Company.
About Zimtu Capital
Zimtu Capital Corp. (TSXV: ZC; FSE: ZCT1) is a publicly held investment issuer and company builder focused on private, micro- and small-cap resource companies.
Zimtu's focus is building new resource exploration companies at the private and seed level. Through Zimtu's experience and far-reaching connections within the mineral exploration industry, newly formed companies have an advantage in marketing exposure as well as access to capital. For our investors, Zimtu provides access to a portion of the market not normally available to them.
Zimtu also locates and acquires mineral properties of merit and connects them with public resource companies. Projects are normally acquired on a 50-50% basis with geological and prospecting partners with proceeds from sales split the same. This transactional style fosters new relationships and further extends our network of contacts and opportunities.
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 metal 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 September 2011 and amended in July 2014, 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 reviewed by James Sever, P. Eng. 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.
Forward-Looking Statement
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate," "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be 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. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. 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.
To Reach Nevada Clean Magnesium
Please Contact: Edward Lee, CEO at (604) 210-9862
For additional information please visit our website at http://www.nevadacmi.com or view our profile at http://www.sedar.com.
You may also follow us on Facebook, Twitter or LinkedIn.
Copyright (c) 2016 TheNewswire - All rights reserved.
