TSXV:WMG.H - Post by User
Comment by
prospero10on Oct 11, 2020 12:56pm
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Post# 31702514
RE:RE:Buzz on the Bullboards: Magnesium , Battery Metals...
RE:RE:Buzz on the Bullboards: Magnesium , Battery Metals... Western Magnesium Corporation (TSXV: WMG; Frankfurt-M1V; OTCQB: MLYF) plans to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and lightweight qualities, using a new environmentally friendly, cost and energy efficient technology, called continuous silicothermic process. We learned from Sam Ataya, Executive President, CEO and Director of Western Magnesium, and from Paul Sauve, the Company's Vice President of Operations that the Company's focus is bringing magnesium production back into the United States, targeting industries, such as the auto, aerospace, airline, electric car batteries, US government and the DOD. We learned from Mr. Ataya and Mr. Sauve that their proprietary technology is scalable, and price competitive with the world's largest magnesium producer, China. Currently, Western Magnesium is building an advanced commercial pilot plant in British Columbia, scheduled to be completed by the end of 2020, and produce metal by first quarter of 2021.