Build out? license? both? Confused as to what their actual business plans are, they seem to change from month to month.
For a while they were intent on building 100,000 metric ton plant in Harrison county Ohio now it seems they're going to build a smaller plant or research and development facility in Nevada.
They have also been paranoid about keeping secrets and the proprietary process. Now they talk about licensing the technology?
It would be easy enough for the Chinese to set up a fake company license the technology and then out compete them.
Doesn't make sense and doesn't align with what they have said in the past (but then nothing does)
Them fumbling along from one announcement to the next sounds more like desperation and grasping at straws than an actual business model.
WASHINGTON,D.C.–TheNewswire–February 13, 2023–WesternMagnesiumCorporation(WMC)(TSXV:WMG;(Frankfurt-3WM);(OTC:MLYF)(“WesternMagnesium”orthe“Company”)is pleased to provide a technical update.
During this period, and due to the sensitive nature of this work, the Technical Team, led by our CTO, Mr. Paul Sauve, completed these upgrades. These proprietary upgrades have increased the vast technical knowledge of the Technical Team and will provide irreplaceable experience for the future Commercial Plant.
The value of our technical and software upgrades gives Western Magnesium the ability to have a full package solution for the licensing of our technology in the near future.
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Just actually do something other than constantly moving the goalposts and leading investors on.
'Not long now!'
Expect to see a Hail Mary news release just before the AGM (like pulling a rabbit out of a hat)
Exciting and thrilling no doubt!
The value of our technical and software upgrades gives Western Magnesium the ability to have a full package solution for the licensing of our technology in the near future.