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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 Feb 13, 2023 3:30pm
70 Views
Post# 35283705

RE:RE:Licensing

RE:RE:Licensing I think the emphasis on secrecy is way over done. Everybody gets it that this is a secret process. They're not the only people in the world who have secrets. A lot of companies have secrets that would wreck their business if others found out about them.  Besides, no one, and I mean no one, is asking them to spell out any kind of recipe or describe any kind of proprietary equipment or give any details like that.  Obviously not... so why is that discussed as a reason for every omission and non-clarity on their part?   What is so secret about how they plan to move forward from a financial standpoint? Or where they will build the plant if that's what they are contemplating? Or how they will pay for that?  Now, they mentioned licensing. Okay fine that makes sense, but why not spell it out and make it the topic of a news release?  Instead of an almost offhanded insertion in a news release with a different emphasis.  Really this latest news release, like many that have preceded it, says nothing concrete other than the process is moving forward and we learned a lot about it and we have made a few tweaks and we're more confident than ever.  Did that need a news release?  So if this is about licensing as a strategy going forward, great!  spell it out! Say directly we have decided that among other possible avenues for producing magnesium we are going to begin or look into or investigate the prospect of licensing to qualified outside fabricators, of course with a non-disclosure agreement in place.  SAY that if that is true.  And if not, don't use the word licensing.  JMHO 
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