ALLIANCE MAGNESIUM RECEIVES A FIRST INSTALLMENT OF $ 1.27 MILLION FROM SUSTAINABLE DEVELOPMENT TECHNOLOGY CANADA (SDTC) FOR ITS DEMONSTRATION PLANT
Brossard, Quebec, Canada – March 4, 2016 – Alliance Magnesium Inc. (“AMI”) is pleased to announce the signing of the final contract for a $ 3 million non-repayable grant. This investment is directly injected into the deployment of AMI’s novel environmentally friendly technology for the production of magnesium metal being deployed in the region of Asbestos / Danville in the Eastern Townships of Quebec. Concurrently with the signing of the agreement with Sustainable Development Technology Canada (SDTC), the Corporation has received the first installment of $1.27M. Read more!