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Last C$0.05 CAD
Change Today -0.005 / -10.00%
Volume 98.0K
As of 1:30 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

nevada clean magnesium inc (NVM) Snapshot

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52 Week High
07/4/14 - C$0.07
52 Week Low
10/21/14 - C$0.03
Market Cap
Average Volume 10 Days
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nevada clean magnesium inc (NVM) Details

Nevada Clean Magnesium Inc. acquires, explores, and develops mineral resource projects in British Columbia, Canada, and Nevada. It primarily explores for magnesium, gold, silver, molybdenum, copper, palladium, lead, zinc, and platinum deposits. The company was formerly known as Molycor Gold Corporation and changed its name to Nevada Clean Magnesium Inc. in April 2012. Nevada Clean Magnesium Inc. was incorporated in 1966 and is headquartered in White Rock, Canada.

Founded in 1966

nevada clean magnesium inc (NVM) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: C$96.0K
Chief Financial Officer and Director
Total Annual Compensation: C$40.1K
Compensation as of Fiscal Year 2013.

nevada clean magnesium inc (NVM) Key Developments

Nevada Clean Magnesium Inc. Signs Joint Venture Agreement with ScanMag AS

Nevada Clean Magnesium Inc. announced that it has formally completed its joint venture agreement with ScanMag AS of Norway. The terms include: $5 million investment from ScanMag AS into Nevada Clean Magnesium ("NCM"), payable over 4 years, commencing with the first major payment of $2,000,000 within 12 months, followed by 36 monthly payments of $83.3,000; During NCM receiving monthhly payments towards the $5 million investment, ScanMag AS will receive proportionally, a total of up to 12% of the issued common equity shares of NCM calculated as at the date of the signed JV agreement; Shares will be issued proportionally to receipt of monies starting with the initial payment of $2 million: ScanMag will be entitled to one board seat on the board of directors of NCM for so long as it maintains ownership of at least 12% of the issued and outstanding common shares of NCM; NCM will receive a 10% pre-financing equity stake in ScanMag dilutable down to 2% undiluted interest; ScanMag will receive access to the NCM technical and intellectual assets needed to support and develop a process for its production in Glomfjord, Norway; NCM and ScanMag will establish a separate technical development company for the testing of aspects of the magensium processing proof of concept through a jointly owned Norwegian subsidiary based in Glomfjord, Norway. ScanMag AS is to fund an initial contribution for the technical development company, after which each party pays its proportional share. NCM will contibute its 50% share of budgeted phase work after it has received the initial $2 million payment from ScanMag; Both NCM and ScanMag AS will be entitled to 50/50 of the data, findings and intellectual property developed through the joint venture. Alpha Omega, is a party to the Joint Venture Agreement and an integral part of the planned technical development.

Nevada Clean Magnesium, Inc. Announces Advisory Committees Appointments

Nevada Clean Magnesium Inc. announced that Barrie Fraser, P.Eng., James E. Hock, Robin Guss and Frank E. MacKinnon have been appointed to the advisory committees. Barrie Fraser, P. Eng. is an accomplished Senior Project Manager with over 16 years of engineering and management experience and was the original senior project manager for the NI 43-101 PEA report dated September 15, 2011. James E. Hock is the Founder, President and CEO of Hanover International Inc. and is the current Co-Chairman of the National Investment Banking Association. Robin Guss has over 35 years in the financial and investing industry working for national investment firms as a broker or branch manager. Frank E. MacKinnon brings over 35 years of senior operating and executive management skills along with strong domestic and international P&L experience.

Nevada Clean Magnesium Inc. Appoints John Wardlow to Technical Advisory Committee

Nevada Clean Magnesium Inc. announced that John Wardlow has been appointed to the Technical Advisory Committee. John Wardlow is a founding director of Greenbriar Capital Corp. and has served there as the Chair of the Audit Committee since 2009. In 2006, Mr. Wardlow became an independent director of Western Wind Energy Corp. and served as the Chair of the Audit Committee from 2007 until they were bought by Brookfield Renewable Energy Partners L.P. in 2013.


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