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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 > Financials posted to Sedar yesterday
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Comment by Codesteron Jun 15, 2022 1:33pm
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Post# 34758654

RE:RE:Financials posted to Sedar yesterday

RE:RE:Financials posted to Sedar yesterday Production capacity of the pilot plant will be 20KT per year. 1 tonne of Mg is ~3800USD. That's about 76 million USD per year if sold at current prices. The pilot plant doesn't need to be running anywhere near capacity to cover the company's expenses.
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