03:41 PM EST - Nevado Resources Corporation : announced that it has signed a binding letter of intent with Neomet Technologies Inc. to form a Joint Venture. The purpose of the JV is to finalize the demonstration of the flow sheet established in Neomet's mini-plant at a much larger scale up using a pilot-plant at Neomet facilities with the final objective to complete a feasibility study to develop Nevado's wholly-owned La Blache property or similar properties into production on a Nevado 70% - Neomet 30% joint venture basis. Nevado Resources Corporation
shares V.VDO are trading up $0.005 at $0.05.
