BROSSARD, QC, Nov. 29, 2017 /CNW Telbec/ - ALLIANCE MAGNESIUM INC. ("AMI") is pleased to announce that it has received the acceptance of its Canadian patent application for its hydrometallurgical process to produce pure magnesium and various by-products from rock-serpentine. The notice, issued by the Canadian Intellectual Property Office for its patent application CA 2954938, confers on AMI the exclusive use of its technology on the Canadian production of magnesium and other products using serpentine as a raw material. This patent protects AMI against any commercial attempt at analogous technological development of magnesium production and various by-products.
"We consider this patent as the flagship for our technology," said Dr. Joel Fournier, Chief Executive Officer of AMI. "We are very proud of the technical progress we have made over the last five years, which has resulted in a successful Pilot Plant. The Patent provides AMI with the protection it needs to continue its business model, including the ongoing deployment of its commercial demonstration Plant valued at more than $ 100 million", added Dr. Fournier.
AMI currently has five patent families in its intellectual property portfolio. The granting of this patent in Canada constitutes the first of several similar patent acceptances AMI expects in the coming months from other jurisdictions around the world.
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.