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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

Post by KonnectTheDotson Oct 24, 2022 8:08pm
146 Views
Post# 35045368

Put into perspective

Put into perspective

Look at it this way Stockprobe as you obviously don't understand the importance of the technology being made profitable.
How long will the company survive as an enterprise if they can make totally green Magnesium at 100% purity but they lose money?

If they can't do it the company folds and it's been a waste of 10 years and $70 million. 

The only thing that matters to a company is to make money. 

Safety the environment social justice or any other nonsense always come second if a company can't make money they won't survive. 

Even US magnesium which creates lots of toxic by products when they create magnesium is profitable they just pay for the cleanup out of their profits. 

Being green is second to being profitable it always will be. 

 

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