Nevada Clean works on pilot furnace construction

Feb 24, 2016

BENCH SCALE PILOT FURNACE UPDATE Nevada Clean Magnesium Inc. is providing an update on the progress of constructing the bench-scale pilot furnace being done in Fort St. John, B.C., by Lindon Enterprises Ltd. The furnace shell is assembled and the thermo-insulation blanket installed. The construction group is waiting for the arrival of the power contacts which are being manufactured in California. The premix refractory castable is on order and refractory liners will be cast shortly after...

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Victory Resources 520,000-share private placement

Feb 16, 2016

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on Feb. 12, 2016. First tranche: Number of shares:  520,000 shares Purchase price:  five cents per share Warrants:  520,000 share purchase warrants to purchase 520,000 shares Warrant exercise price:  10 cents for a two-year period Number of placees:  five...

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Lomiko, MegaHertz to create SHD Smart Home

Feb 16, 2016

LOMIKO TECHNOLOGIES TO LAUNCH SMART HOME DEVICES LTD TO MANUFACTURE, DISTRIBUTE AND SELL SPIDER CHARGER-BASED DEVICES Lomiko Metals Inc. has signed a letter of intent with engineering partner MegaHertz Power Systems Ltd., private company, to launch a new company focused on Internet of things devices. SHD Smart Home Devices Ltd. will develop, contract manufacture, distribute and sell Spider Chargers and related devices. “With the launch of Smart Home Devices Ltd., Lomiko has an opportunity...

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Nevada Clean grants options to buy 1.6 million shares

Feb 11, 2016

NEVADA CLEAN MAGNESIUM ANNOUNCES STOCK OPTION GRANT Nevada Clean Magnesium Inc. has granted 1.6 million incentive stock options pursuant to its stock option plan for its directors, officers, advisers and consultants. The options are exercisable at a price of five cents per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four-month holding period from the date of the grant. This stock option grant is subject to approval by the TSX Venture...

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Nevada Clean completes Norway testing program

Feb 10, 2016

MAJOR PRODUCTION COST REDUCTION ATTRIBUTE SUCCESSFULLY TESTED Phase 1 and 2 of Nevada Clean Magnesium Inc.’s materials testing program being conducted in Norway was very successful. An effective, low-cost heat transfer medium was found, that will enable efficient recovery of previously lost high-grade heat from the magnesium production residue without interacting with the unreacted furnace charge. James Sever, PEng, president and chief operating officer of NCM, reports phase 1 and 2 of...

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