Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

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

Western Magnesium Corp > 6 million per year burn

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Comment by Longshots777777on Jan 27, 2021 10:33pm

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Post# 32406431

RE:RE:RE:RE:RE:RE:RE:RE:6 million per year burn

Aucon, I was more making a reference to location than anything. At this point in the game they don't need to have the time or resources to fight IP rights in the courts. In reality by them using several engineering firms instead of one is costing them handsomely already. At this point in the game certain things have to be guarded. As a updates, I agree they need to be more forward about what is happening with the timeline. Why the big shareholder outreach last summer if they aren't going to do anything about it? I wrote a email about it and never even got a reply. I dumped shares because of it and I won't increase my position. I was debating spending a 100k in the PP, but that stopped me from participating in it. So I get the anger, I stopped telling people to buy shares after that. I still have faith in what this can be.

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