BROSSARD, QC, Nov. 10, 2014 /CNW Telbec/ - Alliance Magnesium Inc. ("Alliance" or the "Corporation") announced today it has received positive news related to the patent application PCT/CA2014/050102. The referee recognizes that 100% of the company claims present Novelty, 100% Inventive steps and 100% Industrial Applicability. This patent will now enter into national phase in most of the industrial countries.
"This is an important step in the development of our Intellectual Property in order to deploy in the next future a game changer technology for the magnesium production" said Dr. Joel Fournier, President & CEO.
This achievement step adds to the recent laboratory tests confirming the efficiency of magnesium extraction process use by the Corporation, sustained by international patent pending application. These results have conducted to the preparation of two new patent applications to be filled soon.
Transfer of former patent pending demands to ORT.
Previous pending patent demands have been recently transferred to Orbite Aluminae, without any admitted pretention relative to the protection of their property. These pending demands have been abandoned by Alliance several months ago based on the unanimous decision of Alliance's Board of Directors willing to focus strategically on more promising technology. These pending applications have shown major issues related to their potential application and patentability.
About Alliance magnesium
Alliance Magnesium is a privately-owned Canadian company dedicated to the production of Magnesium metal and other high value minerals from serpentine rock. Alliance has developed a game changing technology and process giving it a cheaper and cleaner approach from current methods used worldwide by magnesium producers. Serpentine rock contains an average of 25% magnesium metal, a highly valuable opportunity for metal extraction. The Corporation has secured by contracts over than 200 000 000 tons of serpentine as its feed stock. The new Alliance's process is the alternative to replace the Chinese Pidgeon Process, one of the main CO2 and sulfuric pollution emission source in the world due to its massive utilization of coal. Alliance has elaborated a three step development program in order to reach a 50 000 tm production of magnesium metal by 2018. Magnesium is a strategic metal for the Automotive and Aerospace industries to reduce average vehicle weight and increase fuel efficiency as well as reduce significantly greenhouse gas emissions. Annual demand for magnesium could grow by over 10 % until 2025 according to independent studies. Alliance Magnesium aims at becoming one of the most important suppliers of pure magnesium metal for all major automobile and transport clients in the Western World.
SOURCE: Alliance Magnésium
For further information: Joël Fournier, President & CEO, Phone: 450 618-1658