News Release
FOR IMMEDIATE RELEASE: December 8, 2006
CONTACT:
John T. Day, President/CEO
Dennis P. Gauger, CFO
Nevada Chemicals, Inc.
801-984-0228
Nevada Chemicals,
Inc. Announces Planned Expansion at Cyanco
Nevada Chemicals, Inc. (NASDAQ/NMS:NCEM), as a 50% stake holder
in Cyanco, a chemical producer of sodium cyanide located in Winnemucca,
Nevada, announced a 30 million pound per year capacity expansion
at Cyanco to occur over the next year. Cyanco provides this strategic
chemical to the gold mining operations in the Western United States.
Due to the increased mining activities, resulting from the run-up
in gold prices over the last three years, Cyanco has reviewed its
operations and Cyanco now plans to make process improvements and
expand its production capabilities over 30% per year.
Nevada Chemicals, Inc., through its 50% stake in Cyanco is the
premier producer of strategic chemicals for the gold mining industry
of the United States.
Note: The foregoing contains “forward-looking”
statements that are pursuant to the safe harbor provisions of the
Private Securities Reform Act of 1995. Editors and investors are
cautioned that forward-looking statements involve risks and uncertainties
that may affect the Company’s business prospects and performance.
These include, but are not limited to, economic, competitive, governmental,
technological and other factors discussed in the Company’s
reports to shareholders and periodic filings with the Securities
and Exchange Commission.
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