Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.

TSXV:WMG.H - Post by User

Western Magnesium Corp

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Post by KonnectTheDotson Mar 02, 2021 3:08pm

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Post# 32697085

BIG NEWS ! (is there a bean counter in the house?)

Western Magnesium Files Audited Financial Statements & MD&A

TheNewsWire 2 hours ago

At October 31, 2020 the Company had working capital deficiency of $3,185,914 (2019 – $1,905,951), has not yet achieved profitable operations and expects to incur further losses in the development of its business. For the year ended October 31, 2020,theCompany reported a comprehensive loss of $6,256,852 (2019 – $6,598,847). As at October 31, 2020, the Company had an accumulated deficit of $33,852,105 (2019 – $27,562,592).

Is this good?
If there are any CPA's in the peanut gallery can you give us your opinion on the financial health of the company?

Prospero and alias' : can you post some uses for Magnesium to support the SP?

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