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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
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Post by Executer99on Dec 13, 2021 2:50pm
89 Views
Post# 34226138

Last quarters spending.

Last quarters spending.

Spending out of control. Sedar Sept 29 last quarter 

 

In ONE Quarter (last quarter ending 7/31)

 

Investor relations $164,729

 

Professional fees  $320,000 * nice even #

 

Salaries $998,342 * million dollars for 11 people

 

Stock compensation $1,349,700 *because their salary is not enough 

 

Travel expenses $133,709 *during covid basically No travel 

 

Consulting fees $339,945 

 

This is insane.

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