Leader Mining Signs STI/VAMI Technology Transfer Agreement for Cogburn Magnesium Project.Business Editors CALGARY, Alberta--(BUSINESS WIRE)-- April 16, 2002 Leader Mining International Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :LMN LMN lower motor neuron. )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :LDRMF) is pleased to announce that the company has signed a Technology Transfer Agreement with the State Research and Design Titanium Institute of Zaprozhye, Ukraine (STI STI systolic time intervals. ) and the joint stock company 'VAMI' of St. Petersburg, Russia (VAMI VAMI A way of reporting fund performance whereby each reporting period is indexed at 100 or 1000. Hence, for a fund with a total return of 39% over the year, the VAMI indexed at 100 is 139. ) to transfer technology related to the key process areas for the Cogburn Magnesium Project located in British Columbia, Canada. The STI/VAMI technology for production of magnesium metal is a commercially proven technology that was recommended by HATCH Associates Ltd., as the world's leading magnesium reduction technology, in their October 2001 Cogburn Scoping Study. Under the agreement, Leader Mining will receive technology information and assistance in pilot-scale testing magnesium metal recovery from Cogburn magnesium silicate samples. Testing will be conducted at Process Research ORTECH in Mississauga, Ontario, Canada and at K-Utech, Sondershausen, Germany towards completing a Production Feasibility Study for the Cogburn Magnesium Project by December 2002. The agreement between Leader Mining and STI/VAMI provides for Leader Mining to acquire a STI/VAMI technology license for the Cogburn Magnesium Project and it includes technology performance guarantees by STI/VAMI. During a meeting on April 12, 2002 in Wiesbaden, Germany, Dr. Igor V. Zabyelin, General Director of STI stated on behalf of STI/VAMI that their management is prepared to work diligently with HATCH and Leader Mining toward the advancement of the Cogburn Magnesium Project to commercial operation. To find out more about Leader Mining International Inc. (CDNX:LMN)(OTCBB:LDRMF), visit our website at www.leadermining.com. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved of the information contained herein. |
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