Brossard, Québec, Canada, September 20th, 2017. – ALLIANCE MAGNESIUM INC. (“AMI”) is pleased to announce that it has reached the very important milestone of 140 days of magnesium pilot production from its demonstration plant in Danville, Quebec. This magnesium production represents the highest in quality standards, which are aligned with market requirements. The robustness demonstrated by AMI’s technology and the consistency of its results are part of the constant improvement of the process and the collection of technical and economic information necessary for the subsequent phases of AMI’s production.
“This is an important step for our company. “Said Dr. Joël Fournier, Chief Executive Officer of AMI. “It provides the first solid foundation for leveraging the full potential of AMI’s technology and the ambitious development of our business model. ” he added.
AMI is in technical and financial preparation for its commercial production phase, which will require an investment of over $CAD 100 million and will create 70 direct jobs.
About Alliance Magnesium Inc.
Alliance Magnesium is a privately-owned Canadian company engaged in the production of magnesium metal and other valuable minerals from serpentine. AMI has developed an innovative technology and process that gives it a cleaner and less expensive approach than those currently used worldwide by magnesium producers. The new AMI process is an alternative to the thermal process, which is one of the most important sources of CO2 emissions in the world. AMI has developed a three-stage development program that will lead to an annual production of 50,000 tons in 2020 and the creation of more than 350 jobs.
For information, contact:
Alliance Magnesium Inc.
Pierre Saint-Aubin
Senior Vice-President, Corporate Affairs
psaint-aubin@alliancemagnesium.com
Tel.: (450) 618-1658
