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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

Bullboard Posts
Post by Darshan2on Oct 28, 2014 4:48pm
167 Views
Post# 23069522

It's my understanding that

It's my understanding that  multiple visits to the Big Apple were scheduled by Ed Lee for bank pre-feasibilty money...$20 mil +/-... I trust there will be a press release in the pipeline with information on that front. No doubt NVM is in a superior position to renegotiate the Scanmag AS JV agreement....would it seem greedy or just the "price of patience" to somewhat reverse the JV equity stock and interest stipulation clause in the JV agreement where NVM would get 40% interest in the Granasen field outside Mosjen plus19% equity of Scanmag AS and Scanmag get 7% equity stake in NVM plus 40% interest in Tami-Mosi ...hmmm 
Bullboard Posts