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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
Comment by gohabsgo1on Nov 25, 2016 9:03am
91 Views
Post# 25512612

RE:NOT DEAD!!!

RE:NOT DEAD!!!
I do not believe that the project is dead, the leaders of this company, especially Ed and James, put a lot of effort to carry out this project! I do not expect Scanmag to go far beyond the deadline of December 18th for finalizing the agreement with NCM! And remember the remarks of the two presidents on June 19, 2016: Lothar Maruhn of ScanMag AS states We remain strongly committed to completing the joint venture between ourselves and Nevada Clean. Confirmation of the alternate reductant is a very important step for us and completion of the work will allow us to accelerate the commercialization of the process which benefits both our companies. Edward Lee, CEO of the Company, states Shareholders can now see that completing the test work will result, not only in the initial investment from ScanMag, but ultimately in the construction of commercialized full size furnaces. Any reduction in our timeline will be invaluable and we may be in a position to move straight to a bankable feasibility while conducting the prefeasibily study. So yes, we are very pleased that ScanMag remains committed to the completion of our joint venture." GLTA have a good week end ! GHG Read more at https://www.stockhouse.com/news/press-releases/2016/07/19/nevada-clean-magnesium-announces-amendments-to-joint-venture-with-scanmag#psFtDtJwALkLjmAB.99
Bullboard Posts