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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 > Magnesium Nickel
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Comment by Sherry35on Nov 13, 2022 12:43pm
51 Views
Post# 35094927

RE:RE:RE:RE:RE:RE:Magnesium Nickel

RE:RE:RE:RE:RE:RE:Magnesium NickelJust taking a different perspective on the "a global production target of "1.8 million tons by 2030". The article I posted states "the commissioning of the full-scale plant is expected to produce approximately 60,000 tonnes of MgO per year.".

Assuming ECO 2 Mag's business objective is acheived, You would need 27 plants post processing mill sludge (tailings) to meet the global production rate in 2030. The only consideration is the requirements of the product -> what are the applications of 99% pure Mg? Can WMG and ECO2Mg produce 99% pure Mg? Given China's unique quality practices, do they actually produce 99% Mg out of their mills?

If NAFTA countries start producing more of their own strategic metals, what will the spot price be in 2030? We have a nasty tendency to throw the economic pepedlum far to the left or right.
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