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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

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

Comment by AucontraireIIon Oct 15, 2022 12:39pm
93 Views
Post# 35026768

RE:In Other News:

RE:In Other News:
Just a vague feeling FWIW, I don't have any personal knowledge so take this with a grain of salt. But I just get the feeling that something like a financing is about to happen which will catalyze the stock and provide greater clarity on the pathway forward. It's really the only thing that can happen at this point ...in my opinion. More private placements are not going to cut the mustard so they need some kind of concrete deal with somebody to pay the way going forward. They can only do this with sufficient proof of concept which would obviously be required to provide to anyone investing in a buildout of a larger facility. With the ongoing data collection and process tweaking underway, this hurdle has surely been crossed and it's a matter of finding the right financing and dotting the i's and crossing the t's. But I have the feeling that it might be close. We'll see and as always make up your own mind.
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