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News: $MOR MorphoSys Announces That Its Patents Were Ruled Invalid in Patent Lawsuit Against Janssen and Genmab
PLANEGG/MUNICH, GERMANY / ACCESSWIRE / January 26, 2019 / MorphoSys AG (FSE: MOR; Prime Standard Segment, MDAX & TecDAX; NASDAQ: MOR) announces that it was informed today that in its lawsuit against Janssen Biotech and Genmab A/S, the United States (U.S.) District Court of Delaware, ba...
Got this from https://marketwirenews.com/news-releases/morphosys-announces-that-its-patents-were-ruled-invalid-in-patent-lawsuit-against-janssen-and-genmab-7561754.html
Molycor Adds Magnesium Product Specialist To Advisory Committee
January 17, 2012 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report the engagement of Rob Bailey to the Technical Advisory Committee.
A Metallurgical Engineer with over 25 years of practical international experience in the production and application of light metal products, Mr. Bailey has a proven record of success. In addition to his knowledge of process engineering, quality control, management of magnesium operations and technical marketing, he has held executive positions both domestically and internationally.
As President of B. S. Metallurgy, Inc., Mr. Bailey currently provides operation assistance, problem resolution and technical development advice to companies within the light metal processing industry. He is also is a broker and technical sales representative for aluminum metal castings and magnesium materials
Among his accomplishments, he has numerous publications in the light metals arena. An active member in numerous technical societies, Mr. Bailey currently holds the position of Chairman of the Magnesium Division in the American Foundry Society and is part of the project team assisting the Michigan Technical University in a DOE sponsored project in the development of new magnesium metal casting techniques that will provide a foundation for expansion of magnesium in potential new applications.
James Sever is quoted to say “The addition of Rob completes our team and greatly enhances our potential for success. With his expertise we now have a fully integrated team that can effectively take the project to a successful conclusion.”
About Tami–Mosi Magnesium Project
The Tami–Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp.
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee, President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
Molycor Adds Power Consultant To Advisory Committee
January 11, 2012 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report the addition of David Wakefield to the Technical Advisory Committee.
Mr. Wakefield has over thirty eight years in the electric power and process industries. His expertise encompasses independent power generation and electric utility equipment. This is combined with experience in systems supply, maintenance, operations, consulting and project development. He has extensive experience in all aspects of the energy and pollution control industries.
Presently, Mr. Wakefield is President of WAI International, Inc. assisting clients in market development, project development and financing within the energy and pollution control industries. His current projects include industrial and small-medium scale Integrated Gasification Combined Cycle facilities (IGCC); innovative systems for coal-fired plants to improve efficiency and reduce emissions; industrial site redevelopment and application of bio-based lubricants.
Previously, Mr. Wakefield served as President and Chief Executive Officer of Econo – Power International Corporation which he founded in 1990. This company identified and significantly upgraded coal gasification systems and separate sulfur removal systems to offer clean, economic and environmentally friendly syngas for power and industrial fuel. He co-holds patents and patents-pending for the combined system and various other patents on the use and application of air-blown gasification. He assembled a world-class management team to develop, finance, construct and manage gasification projects and established relationships with major international contractors, equipment suppliers and financing sources.
Included in Mr. Wakefield’s clients are major electric utilities, refining and industrial companies for whom he has negotiated and managed multiple turnkey contracts. Mr. Wakefield has developed a reputation for integrity, innovation, technical excellence, and problem solving.
Edward Lee states “We are honoured to have someone of this calibre in a position to assist us with the development of the power island that is to be a part of our magnesium facility.”
About Tami–Mosi Magnesium Project
The Tami–Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp.
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
New web site up and running Looks Great
Molycor Gold Corp. is pleased to report their newly reconstructed website is now available at www.molycor.com
Molycor Gold Corp. is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
Information Contact
Edward Lee, President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: elee@molycor.com or info@molycor.com
Did you set up this board with the charts. Do you need to be a paying member to add the charts?
Molycor Assembles Technical Advisory Committee:
http://editorial.equities.com/spotlight-companies/molycor-assembles-technical-advisory-committee/
Molycor Brings New Experts On Board:
http://editorial.equities.com/spotlight-companies/molycor-brings-experts-on-board/
For any of you in the Reno area:
The Reaugh Group of Companies invites you to attend
Rocks to Riches... and meeting the challenges between
NORTHWEST MINING ASSOCIATION'S
117th Annual Meeting, Exposition & Short Courses
November 28 - December 2, 2011
John Ascuagas Nugget Casino Resort, Sparks/Reno, Nevada USA
Please visit the Reaugh Group at Booth #532
For more details please visit www.nwma.org
Information Contact
Connie Fischer, Investor Relations
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: connieir@amymn.com
www.americanmanganeseinc.com www.goldrea.com www.molycor.com
Molycor sent me this:
We invite you to view the following Magnesium Articles:
News | Batteries & Storage
Yoni Cohen
November 17, 2011
http://www.greentechmedia.com/articles/read/a-magnesium-battery-khosla-arpa-e-explore-lithium-alternative/
A Magnesium Battery? Khosla, ARPA-E Explore Lithium Alternative
Pellion Technologies is using computational screens to identify a suitable cathode for magnesium-ion batteries.
Magnesium is the eighth most abundant element in the earth’s crust. Pellion Technologies hopes to make magnesium-ion batteries abundant on the earth’s surface.
In 2009, Khosla Ventures<http://www.greentechmedia.com/articles/read/vinod-khosla-with-some-tough-love-for-energy-storage/> provided Massachusetts-based Pellion with seed capital (here's Mr. Khosla talking about energy storage<http://www.greentechmedia.com/articles/read/vinod-khosla-with-some-tough-love-for-energy-storage/>). In 2010, ARPA-E awarded the startup a $3.2 million grant. Now, the company is willing to talk about its progress.
According to Pellion, its rechargeable magnesium battery will have a higher energy density (energy per unit volume) and specific energy (energy per unit weight) than today’s lithium-ion batteries<http://www.greentechmedia.com/articles/read/Update-on-International-Batterys-Utility-Scale-Lithium-Ion-Energy-Storage/>, which are used in portable electronics and electric vehicles<http://www.greentechmedia.com/articles/read/Tesla-Q3-Earnings-Call-Revenue-Losses-and-Stock-Rise/>.
“Because magnesium-ions transfer two electrons per atom, if you intercalate magnesium instead of lithium into a suitable cathode, you get twice the energy density right off the bat,” said Josh Nevin, Pellion’s VP of Operations and Business Development. “The other key is the magnesium metal anode, [which] provides much higher energy density than conventional lithium-ion anodes. The net result is a battery with up to three times the energy density of state-of the-art lithium-ion batteries”
Pellion also claims that its magnesium battery will have a longer cycle life than today’s lithium-ion battery.
“When you cycle a lithium anode, the lithium metal that plates grows like moss on a tree. This can eventually lead to problems,” said Nevin. “We don’t have that problem with magnesium, [which] plates in a nice, uniform distribution. Our team has been able to demonstrate over 3,000 cycles at 100 percent depth of discharge with less than 15 percent capacity fade.”
Magnesium is not only plentiful, but also inexpensive and safe. In addition, magnesium batteries have the potential to be drop-in replacements for lithium-ion batteries.
So far, so good. But to commercialize a rechargeable battery that uses a magnesium metal anode, Pellion must also select a complementary cathode. That’s the rub; previous efforts to develop a magnesium battery have failed to identify a suitable cathode.
In 2000, Doron Aurbach, a Professor of Chemistry at Israel’s Bar-Ilan University, demonstrated the first rechargeable magnesium battery. The discovery generated significant, if short-lived, interest. Aurbach had used a less-than-ideal cathode and therefore demonstrated a battery with low energy density.
For the next decade, neither Aurbach nor his colleagues were able to identify a better cathode. As a result, interest in magnesium batteries waned.
“Many researchers simply moved on. We think that was shortsighted,” said Nevin. “Professor Aurbach’s battery really had phenomenal performance and was only limited by its cathode.”
To identify a better cathode, Pellion begins with a computational screen. As the company zeroes in on potential targets, it engages in targeted synthesis and electrochemical testing.
“Before we make any material, we compute its fundamental properties in a high-performance computing environment, literally at the electron level,” said Nevin. “We compute voltage, capacity, and mobility. We conduct very fundamental science, computationally, well before we synthesize anything in the lab.”
Pellion's co-founders are Gerbrand Ceder, a Professor of Materials Science and Engineering at MIT, and Kristin Persson, a chemist at Lawrence Berkeley National Laboratory. The company’s team includes Edward Buiel, the former CTO of Axion Power, and Aurbach, who serves as a scientific advisor.
By leveraging its high-throughput techniques, Pellion has already tested more than 10,000 cathode candidates. The company has zeroed in on about a dozen materials -- Nevin won’t go into further detail -- which it is testing and cycling in its lab. Pellion has also developed “several classes of electrolytes” -- again, no additional details, for now -- for potential use in its magnesium battery.
Of course, magnesium is but one of many potential lithium alternatives. Researchers and entrepreneurs are exploring Li-S, Li-air, Li-cobalt, Zn-air and Na-metal halide, among many other approaches. And Pellion isn’t alone in working to commercialize magnesium-ion batteries. Earlier this year, Toyota revealed that it too is developing a magnesium battery.
Toyota has estimated that its magnesium battery won’t be available until 2020. In June, ARPA-E acknowledged Pellion<http://www.greentechmedia.com/articles/read/arpa-e-announces-106m-in-futuristic-projects/> was one of its riskier projects.
Still, the Pellion team is undeterred and believes it is well on its way to solving magnesium’s historic challenges. For example, a longstanding challenge in magnesium battery development has been magnesium’s lower mobility relative to lithium, which has limited magnesium’s rate of charge and discharge.
“With our computations, we have shown there are materials with magnesium mobility comparable to that of lithium in common lithium-ion systems,” said Nevin. “Magnesium mobility is not nearly the problem many feared.”
***
Yoni Cohen is a student at the Yale Law School and a former college basketball writer for Fox Sports. He has worked for cleantech venture capital firms in San Francisco and Israel and has reported about environmental innovation for numerous publications. Before law school, he served as an advisor to candidates for and members of Congress. Follow Yoni on twitter @Cohen_Yoni.
About Molycor Gold Corp.
Molycor Gold Corp. (TSX VENTURE:MOR) is a Vancouver B.C. based junior resource company. Molycor's primary focus is on advancing their NI 43-101 Tami – Mosi Magnesium Project in Nevada which has 412 million tonnes of inferred resources containing 111 billion pounds of magnesium.
For more information on Molycor Gold Corp. please visit www.molycor.com.
Contact Information
Connie Fischer, Investor Relations
2A - 15782 Marine Drive, White Rock, BC Canada V4B 1E6
Phone: 604-531-9639 Fax: 604-531-9634
Email: cfischer@molycor.com or info@molycor.com
NEWS
Molycor Creates Technical Advisory Committee
November 28, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report a major development within the Company’s corporate structure. As part of Molycor’s corporate vision, the Company has assembled a Technical Advisory Board consisting of some of the top and most respected individuals in the Magnesium, Ferrosilicon, Mining and Production communities to advise and assist the Company. Each member has been selected for their individual expertise and for their variety of industry experiences and strengths. The Company will utilize the expertise of the Advisory Committee and consult them in matters of Magnesium, Ferrosilicon, Mining, Production and business development.
The initial Advisory Committee will consist of:
Dr. Neale Neelameggham is partner/owner of Ind LLC consulting on metal production and energy technology. He was one of the original engineers when the US Magnesium plant started up in 1972. Being newly retired with over forty years of experience in the magnesium industry, Dr. Neelameggham is recognized as a premier researcher and inventor/co-inventor in the magnesium field and holds 13 registered patents with over 14 papers and publications to his credit. He has several professional affiliations and is a permanent member of the Magnesium Committee of the Light Metals Division of the Metallurgical Society.
Ralph Carter, BSc. Engineering, resides in Arizona with over 40 years of experience in the development and operations of Ferrosilicon plants. He was project manager and engineer for Alcoa at the Addy magnesium plant from 1989 – 2000 and responsible for evaluating, operating parameters, environmental controls and economic profitability. His previous employer for 20 years was Hanna Mining Company in Riddle, Oregon where he was the operations manager of the Ferrosilicon plant responsible for all activities at the mine and smelter where high quality product was produced.
Gavin Treanor is an Aerospace Engineer and was a principal in a Chinese merchant banking firm for over ten years focused on global sourcing of current and strategic metals for Chinese clients. He has been the lead on international financial structures and assisted companies in securing capital, developing assets and various merger and acquisition structures.
The Technical Advisory Committee members will be offered a stock option package and will be compensated for the time utilized by the Company. Option packages are subject to regulatory approval and will be issued in accordance to the Company’s stock option plan.
About Tami–Mosi Magnesium Project
The Tami–Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
Great News
Molycor Adds Experts to Board and Management
November 18, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to announce the addition of Robert Brown to the Board of Directors and the appointment of James Sever to the position of Chief Operating Officer of the Company.
Robert Brown has been added to the Board of Directors for the Company and brings with him over fifty years of industry experience in both ferrous and non-ferrous materials that includes twenty years in the technical management areas of light metal foundries and reduction plants. Mr. Brown has consulted to major international magnesium companies to assist in evaluation, planning, design, marketing and trouble shooting new operations. He has held various positions throughout the many stages and departments of magnesium production and operations.
Mr. Brown is the publisher of “Magnesium Monthly Review” since 1971 and a contributing editor and columnist for “Light Metal Age” and “Australian Journal of Mining” with over twenty five publications. He has served as Executive Secretary for the International Magnesium Association (IMA) and participated in world panels.
James Sever has been appointed to the Management Team as the Chief Operating Officer. He is president of Alpha Omega Engineering Inc. of Spokane, Washington with over thirty years’ experience in non-ferrous metals, chemical, industrial and operational management. For nine years he was employed by Alcoa at their Northwest Alloys Inc. Magnesium plant located at Addy, Washington. As Technical Operations Manager he was part of the senior management team.
Mr. Sever’s accomplishments include:
· Implementation of new technology on a plant wide basis;
· Participation in the start-up of a major alumina refinery as part of the technical management team;
· Attained record safety performance in every department managed;
· By focusing on simplifying process operation he was able to significantly reduce maintenance costs;
· Designed a proprietary seal for the electrical connection on a commercial vacuum furnace;
· Operating a world wide consultancy focused on safe effective reduction operation and development in the light metals industry.
During his tenure at Alcoa’s Northwest Alloys Mr. Sever:
· Stabilized process operations by revising the process control scheme and gaining consistency in key raw materials;
· Implemented a technical oversight team that captured and incorporated the practical knowledge base for the plant workers while maintaining continuity and consistency between shifts;
· Revised the management metric for each production department’s performance which eliminated interdepartmental rivalry;
· Applied “SIPOC” (a model based on Suppliers, Inputs, Process, Outputs and Customers) a tool used in a 6 sigma process control, Statistical Process Control and Evolutionary Operation analysis system to incrementally improve production operation.
These activities were enabled by increasing the power available to the reduction furnaces. Together they culminated in production increasing more than two times without a major capital expansion of the plant.
Both these gentlemen bring with them decades of experience to Molycor, beneficial to the development of the Tami – Mosi Magnesium Project.
About Tami – Mosi Magnesium Project
The Tami –Mosi magnesium project poses the ability to exploit the inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis completed by Wardrop Engineering (a Tetra Tech Company) showing an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
Molycor Identifies Opportunities to Streamline Magnesium Operating Costs
November 15, 2011 - Vancouver, British Columbia
Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report the Company has received a paper from Alpha Omega Engineering Inc. of Spokane Washington, USA, titled “A Discussion Paper for Potential Areas of Improvement within Molycor Gold Corporation’s Tami-Mosi Magnesium Project and Possible Effects upon Projected Profitability” (the “Paper”) dated October 17, 2011. The Paper suggests additional potential savings in cost reductions to the current NI 43-101 $1.28 cost per pound of magnesium produced.
This Paper is predicated on Section 26, “Opportunities” of the newly completed NI 43-101 Preliminary Economic Assessment Report (PEA) carried out by Wardrop (A Tetra Tech Company) September 15, 2011. The Paper is an expansion of these opportunities that quantify the possible impact on the profitability should any of the operation changes be proved viable. The Paper identifies three main areas which offer the best potential to incrementally decrease the operating cost. These areas are operational changes that either increase productivity or decrease cost, energy cost savings through energy recovery and the elimination of waste disposal costs. Additionally, the waste streams are potentially value added products which could be marketed and possibly increase the overall profitability as revenue for co-products.
Cost Savings
Three areas offer opportunity to reduce costs. They are listed in the following table.
Table 1 - Unit Production Cost Reduction Opportunities
1. Operation Improvements Subtotal
2. Energy Reduction Subtotal
3.. Waste into Co Products Subtotal
A potential combination of alternative lower cost raw materials combined with maximization of productivity constitutes the potential operation improvement opportunities.
Since a new plant is to be constructed, it could be possible to make energy recovery a primary design criterion. This could enable application of conventional and new technology mechanisms to recover energy normally lost from the process.
Every waste stream generated in the process has a disposal mechanism incorporated in the production cost as identified in the NI 43-101 report. This was done to ensure the process would be economic if magnesium was the only product. In actuality, all of the waste streams are commodities used as raw material in other operations and offer the potential to offset costs and/or generate additional revenue streams.
Potential Revenues
The potential areas of increased revenues reflect the direct sales of waste streams as co-products only and do not include the potential savings from any possible efficiency.
Table 2 - Additional Revenue Stream Opportunities Based on Seeking Possible Sales
of the Listed Waste Streams Which Result From the Projected Magnesium
Production in the NI 43-101 Preliminary Economic Assessment
ANNUAL PRODUCTION WASTE STREAMS
(Tonnes/Annum)
Fume Silica 5,400
Dical 161,892
Sulfur 864
Coal Tar (if not consumed) 88,364
Continuous Operation (in developement) TBD
Calciner CO2/H2O stream to Gasifier TBD
It must be stressed that these are opportunities only and are not based on engineering studies which would have to be conducted by Molycor prior to any degree of certainty being ascribed to these opportunities which are being discussed herein and that these opportunities would need a costs benefit analysis to be carried out by the Company before implementation as well as the identification of any additional capital requirements.
Future Market Demands
With the US federal government establishing new CAFÉ (Corporate Average Fuel Economy) standards, the automotive manufacturers are initiating studies on ways to remove weight from their vehicles (cars and light trucks). By 2025 the target will be 54.5 mpg. To achieve this, a current vehicle’s weight must be reduced by 10 to 15%. Since the typical vehicle weighs 3,625 pounds, 360 to 540 pounds must be removed.
To achieve this level of weight reduction and still maintain safety and comfort, lighter materials have to be substituted for heavier. Mild steel, zinc and cast iron will be replaced with aluminum, magnesium, composites and/or carbon fiber. Magnesium offers substantial benefits in that it has twice the strength to weight of steel and 4.5 times lower mass than steel. It also absorbs vibrations adding to the noise suppression in the vehicle.
Conceivably, with over 12 million vehicles produced annually in North America, to achieve just the minimum 300 pound weight reduction needed per vehicle by using magnesium as a substitution for steel, over 400,000 metric tons of magnesium would be required.
About Tami – Mosi Magnesium Project
The Tami –Mosi magnesium project poses the ability to exploit the inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis completed by Wardrop Engineering (a Tetra Tech Company) showing an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.
About Molycor Gold Corp:
Molycor is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
This release has been reviewed by John W. Fisher, P. Eng., a qualified person pursuant to National Instrument 43-101.
On Behalf of Management
Edward Lee
President
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Information Contact
Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.
AMY should buy this magnesium property...
They share the CEO already so why not...
We should put the pink sheets MLYFF and TSX:MOR together in one forum... the US-listed one is not that much traded anyways
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MOLYCOR GOLD CORP (TSX-V: MOR)
based in Vancouver B.C. Canada is a Junior Resource Company engaged in the acquisition, exploration and development of Gold, Silver, Molybdenum, Copper and Platinum Group (PGM)
properties with a focus on GOLD and MAGNESIUM in NEVADA, and Molybdenum in British Columbia.
CHINA: Magnesium, Manganese, Rare Earths
TICKER SYMBOL:
Toronto Venture Exch: MOR
Pink Sheets: MLYFF
Frankfurt: M1V
Authorized Capital: 100,000,000
Issued Shares: 63,797,931
Options: 7,473,750
Warrants: 15,990,808
Fully Diluted: 87,262,489
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