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Positive...BUY BUY BUY...Nice charts
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Nevada Clean Magnesium Inc (NVM.VN)Follow+ Alert+ Portfolio
0.020+0.005 (+33.33%) 3:59P EDT (TSX-V)
Detailed Opinion as of Wed, Oct 16th, 2013View Help
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Short Term Indicators Average: 100% Buy
20-Day Average Volume - 437,401
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50-Day Average Volume - 292,823
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Long Term Indicators Average: 67% Buy
100-Day Average Volume - 236,233
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0.020 0.007 0.022 0.037
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Thanks to Edward Lee and James Sever BIG NEWS....
I must say You sure pulled it together I had faith but this is bigger then I expected. NEWS Please read carefully there is a lot here. ...
Nevada Clean Magnesium, Inc.
(TSXV:NVM)
Press Release
10/15/2013 03:31:42 PM
Nevada Clean Magnesium and ScanMag AS of Norway to Form Joint Venture to Produce Magnesium Metal for North American and European Industrial Markets
VANCOUVER, BRITISH COLUMBIA – (AccessWire) – October 15, 2013 – Nevada Clean Magnesium, Inc. (TSXV: NVM; Frankfurt-M1V; OTC Pink Sheets: MLYFF) (the "Company") today announced that the Company has entered into a Binding Letter of Agreement ("BLA") with ScanMag AS, a Norway-based industrial minerals company, to form a new joint venture ("JV") partnership providing for the companies to collaborate on and mutually benefit from the development of their respective high quality dolomite deposits to produce magnesium metal for the North American and European industrial markets.
Both Companies are actively engaged in greenfield projects involving the development of high quality deposits of dolomite, the key mineral used in the production of magnesium. ScanMag, which is jointly owned by Normin Mine AS and Meløy Næringsutvikling AS, is focused on developing its significant dolomite deposit located in the Granåsen field not far from Glomfjord in Nordland County, Norway; and Nevada Clean is concentrating on developing its 100%-owned dolomite assets on its Tami-Mosi property in north central Nevada. Recognizing that their respective project development plans share a series of commonalities and defined production metholodologies, the Companies have determined that there is significant benefit to establishing a joint venture that will allow them to eliminate potential redundancies, identify and avoid potential pitfalls and share and capitalize on technical knowledge gained from the advancement of each project.
Specifically, the key terms and conditions of the BLA provide for:
· The formation of a joint venture, wherein Nevada Clean will own a 51% controlling stake and ScanMag will own 49% of the Company's Nevada dolomite deposit;
· ScanMag to pay $5 million USD in cash consideration to Nevada Clean;
· ScanMag to issue Nevada Clean a 5% equity stake in ScanMag;
· Nevada Clean to issue ScanMag restricted shares of its common stock equal to 19% of the total number of shares of common stock issued and outstanding at the time the letter agreement was signed; and
· ScanMag to have the right to appoint one representative to Nevada Clean's Board of Directors and retain this Board seat so long as it maintains at least 15% equity ownership in the Company.
The formation of the Joint Venture is expected to be completed on or before January 31, 2014, subject to ScanMag closing on an expected $30 million project financing and the approval of the TSX Venture Exchange.
Lothar Maruhn, Chairman of ScanMag, stated, "Since first learning of Nevada Clean's Tami-Mosi magnesium metal project earlier this year, we have come to greatly respect and value the depth of technical knowledge and industry experience that Nevada Clean brings to the table. Moreover, we have been duly impressed by the quality and scope of its dolomite assets in Nevada and its innovative thermal reduction approach to extracting magnesium economically with limited environmental impact. This new JV partnership represents an exciting opportunity for both our companies to combine and leverage our resources to accelerate our respective development efforts and greatly benefit as a result."
Edward Lee, Nevada Clean's Chairman and CEO, added, "We are very pleased to welcome ScanMag as our partner in the Tami-Mosi project and as a major shareholder of our Company; and we are looking forward to lending our support and technical expertise to their project in Norway. This represents a defining milestone for our Company, and one that puts us on track to create significant value for our shareholders in the coming years."
About ScanMag AS
ScanMag AS is an industrial minerals company headquartered in Glomfjord, a village in the municipality of Meløy just north of the Arctic Circle on Norway's west coast. The Company was jointly formed by Normin Mine AS and Meløy Næringsutvikling AS in 2012 to develop a large deposit of high quality dolomite, situated in the Granåsen field outside Mosjøen, near Glomfjord and is comprised of both dolomite and brucite. Meløy Næringsutvikling AS is jointly owned by the municipality of Meløy in Nordland County; Yara Norway ASA, a subsidiary of one of the world's leading chemical company; Sparebank 1 Nord-Norge, a banking group that has served North Norway since 1836; and DNB Bank, Norway's largest financial services group. These Companies have teamed to capitalize on northern Norway's wealth of environmental resources to create new jobs, expand industrial infrastructure and promote global trade. www.mnu.no
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 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 late 2011, 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 read and approved 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 Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements in this news release include statements about the entering into a joint venture, the closing of a private placement, that we can create significant value for our shareholders, and that Nevada Clean Magnesium can become a major magnesium producer and supplier.
Actual results may differ materially from those currently anticipated due to a number of factors, including those beyond the Company's control. These risks and uncertainties include, among other things, that we may not be able to agree on final terms with ScanMag, that we may not be able to obtain regulatory approval, that we may not be able to raise funds required, that conditions to closing may not be fulfilled, that the Company's dolomite reserves may not 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.
CONTACT INFORMATION:
Hanover Elite
Kathy Addison, Chief Operating Officer
Phone: 407-585-1080
Email: NVM@hanoverelite.com
WASTE HEAT RECOVERY PAPER TO BE PRESENTED AT TMS
March 1, 2013 - Vancouver, Brritish Columbia
Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF)(“Nevada CMI” or the “Company”) is pleased to announce that one of its directors, James Sever, P. Eng., will be presenting his peer-reviewed publication entitled “Waste Heat Recovery Opportunities in a Magnesium Silicothermic Reduction Plant” at the TMS 2013 142nd Annual Meeting and Exhibition held at the Henry B. Gonzalez Convention Center in San Antonio, Texas. Mr. Sever will be presenting on Tuesday, March 5th, 2013 at 2pm as part of the “Energy Technologies and Carbon Dioxide Management” symposium.
Mr. Sever’s study is premised on the base case configuration of the Preliminary Economic Assessment Report completed for the Company’s Tami – Mosi Magnesium Project. The study identifies and discusses the three main benefits of using the waste heat recovery method: (i) possible reduction in the operating cost per pound of magnesium produced, (ii) additional power production from heat recovery, and (iii) substantive reductions of CO2 emissions.
The acceptance of the study by TMS is a further validation of the steps that the Company has taken in adopting a best-practices approach to the designing, planning and budgeting of a state-of-the-art benchmark facility that has the potential to produce zero waste, near-zero emissions and be globally competitive while producing in the United States.
About Nevada Clean Magnesium Inc.
NevadaCMI 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
Chief Executive Officer
For all Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.
Information Contacts
Edward Lee, Chief Executive Officer
Nevada Clean Magnesium Inc. (formerly, Molycor Gold Corp.)
2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.nevadacmi.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.nevadacmi.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.
News
Nevada Clean Magnesium Closes First Tranche
February 14, 2013 - Vancouver, British Columbia
Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF)(“Nevada CMI” or the “Company”) announces that further to its news release dated December 17, 2012, the Company has closed the first portion of its Non-Brokered Private Placement for gross proceeds of $52,000 comprising of 5,200,000 units (the Unit”) at a price of $0.01 per Unit.
Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a three year share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one common share at a price of $0.05 in the first year and $0.10 in the second and third year at any time up to 5:00 pm (Vancouver time) on February 14, 2016. All of the securities issued pursuant to this private placement will have a hold period expiring four months and one day after the closing date.
The proceeds of this Private Placement will be used to pay amounts owing:
Computershare $16,825
Marketwire $2,895
Worksafe BC $1,295
Broadridge $1,295
Audit $15,000
Finder's Fee $800
General Working Capital $13,248
TSX Filing Fee $292
$52,000
The Company paid finder’s fees in the amount of $800 in cash.
As announced December 17th, 2012, the Company is continuing to raise by way of a Non-Brokered Private Placement, up to $311,550 through the issuance of up to 31,155,000 units (“Units”) at a price of $0.01 per Unit as per the TSX Venture Exchange Bulletin dated December 12, 2012 regarding Private Placements
The Company’s Board of Directors has approved this Private Placement.
About Nevada Clean Magnesium Inc.
NevadaCMI 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 Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.
Information Contacts
Edward Lee, Chief Executive Officer
Nevada Clean Magnesium Inc. (formerly, Molycor Gold Corp.)
2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.nevadacmi.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.nevadacmi.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.
News
Nevada Clean Magnesium Announces Non-Brokered Private Placement
December 17 , 2012 - Vancouver, British Columbia
Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF) (“Nevada CMI” or the “Company”) announces the Company is raising by way of Non-Brokered Private Placement, up to $311,550 through the issuance of up to 31,155,000 units (“Units”) at a price of $0.01 per Unit as per the TSX Venture Exchange Bulletin dated December 12, 2012 regarding Private Placements
Each Unit is comprised of one common share in the capital of the Company (a “Share”) plus a three year share purchase warrant (a “Warrant). Each Warrant entitles the holder to purchase one common share at a price of $0.05 for the first year and $0.10 for the second and third years from the date of issuance.
This Private Placement could be subject to finders’ fees which will be paid in accordance with the TSX Venture Exchange policies and is subject to the approval of the regulatory authorities.
About Nevada Clean Magnesium Inc.
NevadaCMI 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
Chief Executive Officer
For all Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.
Information Contacts
Edward Lee, Chief Executive Officer
Nevada Clean Magnesium Inc. (formerly, Molycor Gold Corp.)
2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.nevadacmi.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.nevadacmi.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.
News
Nevada Clean Magnesium Changes Board of Directors
December 11 , 2012 - Vancouver, British Columbia
Nevada Clean Magnesium Changes Board Of Directors
December 10, 2012 , 2012- Vancouver, British Columbia
Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF)(“Nevada CMI” or the “Company”) announces that Edward Lee has accepted the position of Chairman of the Board and Chief Executive Officer and James Sever will assume the President’s seat. Peter Stuntz has been appointed Independent Director and Rob Bailey is added as a new Director and the new Chief Operating Officer. Marlyn Ballain has also been added to the Company’s Technical Advisory Committee.
Larry Reaugh has resigned as a Director and CEO to focus on other interests. He will sit on the Technical Advisory Committee and continue to be an asset to the Company.
Robert Brown has tendered his resignation to pursue a contract position with an engineering firm in order to avoid any conflicts of interest at the request of the aforementioned firm. He will however transition onto the Technical Advisory Committee on a consulting basis. On behalf of the Board, I would like to sincerely thank Mr. Brown for his assistance introducing experienced people to the Tami–Mosi Magnesium Project.
Both Dr. William Pfaffenberger and Dr. David Madill are leaving the position as members of the Board of Directors but will continue to assist the company as members of the Technical Advisory Committee. The Company would like to thank both gentlemen for their years of dedicated service to the Shareholders and the Board.
Peter Stuntz, B. Sc., B. Eng., Masters Geoscience
Mr. Stuntz trained as a geologist, mining engineer and mineral economist and has over 25 years’ experience in financing Australian and international resource companies. He commenced his career working in the underground coal industry before moving to Australia’s largest pension fund manager where he worked initially as an investment analyst and then as a portfolio manager.
After almost two decades exclusively in funds management he established his own natural resource advisory business in 2004. Mr. Stuntz co-founded a number of natural resource companies that operate in Asia and assisted in raising finance for a number of others. He maintains contact with the investment industry through his directorship of an offshore global resource hedge fund.
Of direct relevance to Nevada Clean Magnesium is the role he played as director and driving force behind an Australian company which designed, constructed and operated a 25,000 tonne per annum magnesium alloy plant in China.
Marlyn Ballain
Mr. Ballain has over 40 years in the light metals field specializing in production, research and development of magnesium, aluminum, calcium metals and related chemical products. For 27.5 years he was employed by ALCOA Inc. Currently he owns and operates Ballain Consulting Inc. providing consulting on production, development, safety and environmental operations to his previous employer but also to international clients. His expertise is in economic process development, project safety and environmental analysis.
Mr. Ballain’s holds a Masters of Science in Chemical Engineering and was a registered Professional Engineer in Chemical Engineering in the state of Illinois.
He holds numerous Patents both in magnesium reduction and other facets of the aluminum industry. He has co-authored several papers and in 1988 was awarded by TMS of AIME the best paper in “Extractive Metallurgy Technology”.
About Nevada Clean Magnesium Inc.
NevadaCMI 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
Chief Executive Officer
For all Nevada Clean Magnesium Inc. investor relations needs, investors are asked to visit the website at www.nevadacmi.com.
Information Contacts
Edward Lee, President
Nevada Clean Magnesium Inc. (formerly, Molycor Gold Corp.)
2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.nevadacmi.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.nevadacmi.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.
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Drill Program Completed on Windpass Gold Property
Added October 25th, 2012 – Vancouver, British Columbia
Edward Lee, President of Nevada Clean Magnesium Inc. (TSX.V-NVM; Frankfurt-M1V; Pink Sheets-MLYFF) (“NevadaCMI” or the “Company”) is pleased to report that MillenMin Ventures Inc. (TSX-V: MVM) (“MillenMin”) has completed a 910 meter diamond drilling program at its Windpass Gold property (the “Property”) situated 10 km east of Little Fort in Central British Columbia, Canada.
MillenMin reports “The drilling program consisted of 4 diamond drill holes designed to test the geophysical (magnetic and electro-magnetic) anomalies identified by earlier survey work. The Windpass 2009 exploration program completed by NevadaCMI (the “2009 Program”), discovered several zones of gold mineralization to the north, and the southeast of the Windpass Mine (abandoned) and to depth on the Property. This drilling program was outlined in Phase I work program recommended by Norm Tribe, P. Eng., in his April 2012 NI43-101 report entitled “Windpass Gold Property Evaluation Report”.
The locations of the drill holes are defined by the “Local Grid” as laid out by the geophysical survey team. The first hole (WP12-4) was drilled on Section 5+50 W, at 410 meters south, with a dip of –60 degrees and an azimuth of 180 degrees, to a depth of 201 meters (660 feet). The second hole (WP12-5) is on Section 7+00W, 500 meters south, dipping at –60 degrees south, with an azimuth of 180 degrees, to a depth of 265 meters (870 feet). The third hole (WP12-2) was drilled on Section 6+00W, 152 meters south, dipping at –60 degrees south, with an azimuth of 180 degrees, to a depth of 262 meters (860 feet). The fourth hole (WP12-7) was drilled on Section 8+00W, at 70 meters south, dipping at –60 degrees south, with an azimuth of 180 degrees, to a depth of 182 meters (597 feet). The first hole intersected 13 sections of moderate to intense propylitic alteration, with sericite and quartz carbonate veinlets or with sericite and disseminated sulphides, at depths from 5 meters to 200 meters (15-655 feet). The second hole intersected numerous sections of moderate to intense propylitic alteration with silicification and pyritization from 79 meters to 85 meters (260-280 feet) and between 133 meters and 265 meters (435-870 feet). The pyritized sections contained up to 5% pyrite in a width of 35 meters at a depth of 133 meters to 168 meters (435-550 feet). Pyrrhotite, chalcopyrite, magnetite, calcite and chlorite are visible in these altered sections. The third hole intercepted more sulphides of up to 10% in a more continuous interval of the intense propylitization from 143 meters to 262 meters (470-860 feet). No mineralization of interest was observed in the fourth hole. A total of 209 core samples were split and sent to ALS Minerals in North Vancouver for assaying. Assay results are currently pending and will be released as they become available.
The drilling program was supervised by Norm Tribe, P. Eng., a consultant to MillenMin and the qualified person as defined by NI 43-101. Mr. Tribe also reviewed the technical information in this news release.”
About MillenMin Ventures Inc.
MillenMin is a Canadian company engaged in the acquisition, exploration and development of mineral properties in Canada and intends to deliver value through exploration activities. The Company is currently exploring its Windpass gold property situated at Central British Columbia, Canada. Under the Option Agreement, MillenMin has been granted the exclusive right and option to acquire an undivided 70% interest in the Windpass Property by paying $120,000, incurring $750,000 aggregate exploration expenditures on the Property and issuing 400,000 common shares in the capital of MillenMin (the “Shares”) to Nevada CMI over a period of four years.
About Nevada Clean Magnesium Inc.:
NevadaCMI is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
This news release was reviewed by Norm Tribe P.Eng., a qualified person recognized under NI 43-101.
On Behalf of Management
Edward Lee
President
Back to News Releases
Huge volume today.
TSXV Volume Actives
Jan 23 3:59 PM EST
Name Symbol Last Price Chg % Chg Open High Low Volume
Calibre Mining Corp. V.CXB 0.495 0.12 32.00% 0.415 0.495 0.395 17.36 m
Goldbrook Ventures Inc. V.GBK 0.355 0.00 0.00% 0.355 0.36 0.35 5.84 m
CardioComm Solutions, Inc. V.EKG 0.145 0.015 11.54% 0.135 0.19 0.13 5.62 m
Petroamerica Oil Corp. V.PTA 0.14 0.035 33.33% 0.11 0.145 0.11 5.32 m
Madalena Ventures Inc. V.MVN 1.14 -0.12 -9.52% 1.24 1.25 1.11 4.89 m
Molycor Gold Corp. V.MOR 0.045 0.01 28.57% 0.035 0.045 0.035 4.20 m
Intertainment Media Inc. V.INT 0.57 -0.03 -5.00% 0.65 0.65 0.56 3.86 m
Encore Renaissance Resources Corp. V.EZ 0.03 -0.01 -25.00% 0.04 0.04 0.03 3.18 m
Northern Superior Resources Inc. V.SUP 0.44 0.015 3.53% 0.465 0.47 0.43 3.16 m
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 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.
The Reaugh Group of Companies invites you to attend
VANCOUVER RESOURCE INVESTMENT CONFERENCE 2012
January 22 & 23, 2012
Vancouver Convention Center West
1055 Canada Place, Vancouver, BC, Canada
Please visit the Reaugh Group at Booth #1428
For more details or to register, please visit: http://cambridgehouse.com/conference-details/vancouver-resource-investment-conference-2012/54
THE MINERAL EXPLORATION ROUNDUP 2012
January 23 - 26, 2012
The Westin Bayshore
Vancouver, BC, Canada
Please visit the Reaugh Group at Booth #B11
For more details or to register, please visit: http://www.amebc.ca/roundup/Overview-2012.aspx
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
Yes this puts reality behind the power plant. There is a lot that has to come together but so far Ed is putting the right people in place to make it all work.
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.
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.
In to many exploration co. management robs the company coffers until they go broke. Christmas can be costly and I would much rather see Larry sell shares to pay bills then not to see it. Don't read to much into it. He could have logged in overtime or made up expenses for that kind of cash.
GLTA
American Manganese Inc. invites you to view the following Article by Ken Reser:
Manganese: Confusions & Clarifications
Recently more than a few news articles have been coming forth regarding Manganese, more specifically worldwide Ore prices declining by 40% over the past few months. BHP recently dropped their ore prices by a further 14%. Recent commentaries have little to do with American Manganese Inc.’s (TSXV: AMY) Artillery Peak project scope, success or its viability. With that in mind I will give a few clarifications for those so interested.
Firstly, Electrolytic Manganese Metal (EMM), which is the “Purest Form” of Manganese Metal, is the main (one of) end product(s) of Artillery Peak. (Currently Kemetco Laboratories is testing for AMY to have potential Electrolytic Manganese Dioxide (EMD) production for the Li-Ion Manganese Battery Industry).
Secondly, it is not the raw Manganese ore, Ferro-Manganese, or Silico-Manganese that American Manganese Inc. (AMY) will be producing and marketing.
*Manganese Raw Ore (worldwide) is currently trading @ $0.10/lb.
*EMM is currently trading in the USA @ $1.79/lb.
*EMM is currently trading in Beijing @ $1.45 lb.
*EMM is currently trading in Rotterdam @ $1.31/lb. (price has only dropped from $1.50/lb. this year)
There are other factors that should be considered by those who hold an interest in this Company as well. The ore at Artillery Peak is somewhat unique in the fact that it is what the mining industry refers to as ‘Friable”. That is to say it requires no grinding and crushing mills before the metal can be leached or recovered and is a carbonate ore with no “Impurities” such as Iron, Copper or Selenium etc. These factors make for a much less expensive recovery process as well as huge Capex cost savings.
With Kemetco Laboratories pilot plant tests complete AMY appears to be on track to potentially become the lowest cost producer of EMM in the world. It is obvious that China who produces 98.5% of the world’s EMM, with their high costs of production can’t compete when they receive raw ore from around the world before the actual refining takes place and then ship it again to end users. Also to be remembered is the 20% export duty China places on EMM shipments and the 14% import duty the US places on the metal. China’s cost of EMM production is currently between $1.10 to $1.20/lb., a far cry from that of Artillery Peak.
With the worldwide decline in Manganese Ore prices over the last few months it only makes sense that this will further make Artillery Peak’s low cost EMM production more viable for domestic end users. As well, exports from some off-shore mines are shutting down raw ore production and refineries are curtailing raw ore imports due to higher costs of production and less demand due to low steel prices.
There is “No” substitute for Manganese used as an alloy in the Steel industry. Then you must also factor in the demand for the Aluminum industry, the rapidly expanding Lith-Ion Mn Battery industry, as well as the Chemical industries which also must have EMM for their production.
Without Manganese for Steel, the World Stops…I say, without EMM, the world stops. With the success of Artillery Peak, the USA is about to have its first and “ONLY” domestic supply of this much needed pure metal without fear of what China or any other nation decides to do in the future.
Ken Reser;
ykgold@telus.net
Office: 403-844-2914
Disclaimer: Ken Reser is a paid IR Consultant to American Manganese Inc. and owns shares of the aforementioned Company.
Information Contact:
Connie Fischer, Investor Relations
2A - 15782 Marine Drive, White Rock, BC Canada V4B 1E6
Phone: 604-531-9639 Fax: 604-531-9634
Email: connieir@amymn.com or info@amymn.com
aneseinc.com
Hey this looks great good work
Yes now that tax season is gone and new year upon us things are looking good. looks like we turned a corner here and we are on our way back up.
Happy New Year to you CleanForMePlease and every one ells.
Lots more on the bid side then the ask side this week, starting to creep up.
Not me buying now, but I do have some friends that are building a position. I'm all in with several mil shares and I won't be selling any time soon this is my retirement here.
I'm guessing that some time after new year they will start releasing numbers to bring down the cost of production. They are doing everything in a way were there will be no surprises
Chris is probably the biggest asset for info over at stockhouse and there is a large following over there. I don't mind bouncing back and forth I read both boards as can anyone.
We invite you to view Larry W. Reaugh’s interview with Tekoa Da Silva
Contrary Investors Cafe Tekoa Da Silva chats with Larry Reaugh, President & CEO of American Manganese, about the companies push towards production in Arizona. – December 20, 2011
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
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
We invite you to view the following Magnesium Investing News Article
Magnesium-Ion Batteries May Revolutionize Car Industry (click the link below)
http://magnesiuminvestingnews.com/217-magnesium-ion-battery-automotive-industry-emerging-technology.html
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.
Another link new interview with Larry
The following is a link to the interview of Larry Reaugh on Jay Taylor's radio program.
http://www.webeatthestreet.com/media/archives/AmericanManganese20111213.mp3
The video touched on the fact that the cost at $1.28 per pound is if they dispose of waist streams. All waist is of marketable value in fact it looks like they could make money even if they just stockpiled their mag and sold everything ells.
Top4 people in the mag world are running this thing, we are soooo undervalued.
Yes great Video Ed has brought the worlds best people together to put this project together, how often do you see that happen? Now the next step is to create awareness and this video is the start of that.
For an accurate pps you need to add (earnings+assets)-dept/shares outstanding. So if I use the mining almanac's evaluation of property value at $18.84 m.
http://miningalmanac.com/stock/Molycor-Gold-Corp-MOR-M1V plus $84 m = $.96 share value. Now this does'nt take into account value of all their assets but gives an idea of were we are headed.
Using the same numbers for today puts us at a fair value of $.176 per share.
To view the latest SmartStox Online TV Talk Show interview with Molycor Gold Corp's (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF) President, Edward Lee, and COO, James Sever, click the link below.
http://www.smartstox.com/interviews/mor
Monday and Tuesday last week someone decided to sell off a large amount of shares for some reason could be for xmas money or tax selling, who knows. Since then volume has dropped right off so it may very well be to late to pick any up at .035. My reasoning is this. If I was to put a bid in for say 100,000 shares at .035 and and someone drops 2000 shares it would cost me 70$ plus I am not an active trader so it costs me 20$. This is a total of 90$ divide this by 2000 shares = .045 and heaven forbid someone decides to give me 50 shares (this has happened to me before). Of course 90$ is barely coffee money these days so its not a huge deal I'm just trying to point out that buying a few shares at a lower price isn't as cheap as it may seem.
As far as what news is coming my feeling is that the last few are hinting to something big, They spoke of lower cost production without any numbers and then the president of the company that wrote the report on how they could lower the cost of production joins our team. I don't know why they didn't release any numbers at the time but I speculate that this could be coming down the wire soon. This is only my guess it could be something else, and we may not see any before the new year as this does not seem to be a good time to be releasing news. I also hold a good amount of AMY and with good news over there the share price dropped, it makes no sense.
Yes in hindsight last week would have been the time to buy, this week we have had no volume.
2+2 Things Adding UP
Lines from Nov 15 2011 News:
"the Company has received a paper from Alpha Omega Engineering Inc"
"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, 2011The 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."
Lines from Nov 18 2011 News:
"(“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.James Sever has been appointed to the Management Team as the Chief Operating Officer. He is president of Alpha Omega Engineering Inc"
James Sever researched and wrote a report on on the cost of production and then JOINS MOLYCOR I would love to be a fly on the wall so to speak.
glta
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
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
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
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
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