Western Magnesium Corp V.WMG.H

Clarification of Halt

[stockprobe19]

WASHINGTON, D.C. – TheNewswire - March 17, 2023 – Western Magnesium Corporation (WMC) (TSXV:WMG.V ) ; ( Frankfurt:3WM ) ; ( OTC:MLYF) (“Western Magnesium” or the “Company”) clarifies the Cease Trade Order (“CTO”) dated March 6, 2023.  

The Company submitted its financial statements to the audit firm in mid-February.  Since that time, Western Magnesium has been waiting for the review to be completed by the auditor.  This delay is caused by the transition to the current audit firm.

The CTO will remain in place until such time as the audited annual financials are filed by the Company.

The British Columbia Securities Commission (the "BCSC") issued a general "failure to file" cease trade order pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions (the "CTO") dated March 6, 2023 with respect to the securities of the Company as a result of the Company’s inability to file its audited financial statements for the year ended October 31, 2022, the related management's discussion and analysis and CEO and CFO certificates (collectively, the "Annual Filings") by the prescribed deadline of February 28, 2023.

On behalf of the board of directors,

“Ed Lee”

Ed Lee

Executive Chairman

[Sherry35]

stockprobe - I told you for months to toss it in the BOD's laps. I wouldn't stick up for these people when they are burning money on indirect costs (accounting, lawyer fees, court fees). Let's hope that company I am invested is reading my advise because the officer didn't take it two years ago. $9M US drill program my ASp. Here is a question I got asked when doing a startup

[stockprobe19]

Clearly you haven't a CLUE what kind of company WMG is. All R+D companies do is burn money in developement incuring all kinds of cost. Any professional would know that, even  the most simplest minded of them. But because you are not a professional anything I understand your lack of knowledge. Now I have TOLD you that for years now. 

[Sherry35]

stockprobe - How difficult is it to sell PP shares with the trade halt and accounting issues? I look forward to the insider filings on the exercising of warrants and options? I hope that company I am invested in has sound accounting practices given the fact they generate revenue either. OK - here is my non-professional question given I don't have 7 years experience working in mfg'ing

[stockprobe19]

Sherry you are still milking the halt. The halt is temporary and will be resolved soon. I'm happy to see you finally are admitting you aren't a professional. With that thought in mind lets answer your question about production of Mg. Again I point out to you this is an R+D company and past news releases by the company has shown that they have produced metal ore by the equipment. They are

[AucontraireII]

So they were halted because they couldn't get their act together on time. So what is so unusual about this?

[KonnectTheDots]

Sherry, no point in asking stockprobe as he is just a shill for the company when the answer came straight from Mr. Ed.  However you do need to specify which plant   'Does the WMG pilot plant have the necessary equipment installed and running to do continues flow of Mg ore fed in at the head?' -------------- Is that from the 100,000 my/yr commercial production plant

[stockprobe19]

Oh my! Another long rant by KTD. Is it just another one of his cut and paste posts he has posted 100's of times before? Yes it is. Nothing new here just the usually rant about nothing. Yawn ........ I doubt anyone reads it because it's just the same old rederick. Shill is a much better fit here. Maybe it's time you started asking the company questions. Sorry the company doesn'

[KonnectTheDots]

:-)

[stockprobe19]

:-)  ........ I like that, thanks 

[KonnectTheDots]

:-).  :-)

[RawSienna]

Thx for the new catchphrase, "Western Magnesium - run by clowns and defended by morons"

[GoldHawk2012]

Thx. That's the most accurate summary.so far! "Western Magnesium - run by clowns and defended by morons"