Nevada Clean Magnesium Announces 2016 Annual General Meeting Results and Interim CFO
VANCOUVER, BRITISH COLUMBIA / TheNewswire / June 30, 2016 - Nevada Clean Magnesium Inc.. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (The "Company") today announced the results from the Company's 2016 Annual General Meeting (AGM) which was held on June 24th, 2016 in Vancouver, BC. Shareholders voted in favour of all matters brought before them at the meeting, including the re-election of Edward Lee, James Sever, Steve Thorlakson, Robert Brown, Annie Storey, Lothar Maruhn and Jeff Wilson to the Board of Directors. In addition, Dale Matheson Carr-Hill Labonte LLP was re-appointed as auditors of the Company, and the Company's stock option plan was approved by the shareholders.
The Board of Directors have confirmed James Sever as the Company's President and Chief Operating Officer, Edward Lee as its Chief Executive Officer, and Lisa Maxwell as the Corporate Secretary. Steve Thorlakson has been appointed as the Company's new Interim Chief Financial Officer, in place of the prior CFO, Annie Storey. The Board also confirmed director appointments to the Audit, Compensation and Corporate Governance Committees.
About Steve Thorlakson
Steve has extensive 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. He began his professional career working at Toronto Dominion Bank, rising to Branch Manager and Senior Assistant Manager of Commercial Credit. From 1980 until 2006, Stephen 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. 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. He also 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.
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.
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.
To Reach Nevada Clean Magnesium Please Contact:
Edward Lee, CEO at (604) 210-9862
Forward looking statement
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include statements about becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal, and that our Project has an inferred resource of 412 million tonnes.ties. Forward-looking statements in this news release include statements about building of a pilot furnace, timing f completion, expected results and benefits of the pilot furnace, that the results will allow us to finalize our full sca
Actual results may differ materially from those currently anticipated due to a number of factors, including that results may not be as we expect, 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. 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.
For additional information please visit our website at http://www.nevadacmi.com or view our profile at http://www.sedar.com.
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