Nevada Clean formally signs JV with ScanMag

Jun 22, 2015

NEVADA CLEAN MAGNESIUM SIGNS JOINT VENTURE AGREEMENT WITH SCANMAG AS Nevada Clean Magnesium Inc. has formally completed its joint venture agreement with ScanMag AS of Norway as per the binding letter of agreement previously announced Dec. 22, 2014. The terms include:   ScanMag AS will invest $5-million (U.S.) into Nevada Clean Magnesium (NCM), payable over four years, commencing with the first major payment of $2-million within 12 months, followed by 36 monthly payments of $83,300...