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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

Post by RawSiennaon Aug 23, 2022 3:24pm
86 Views
Post# 34915078

They're underwater and breathing with a straw ATM,

They're underwater and breathing with a straw ATM, burning to much cash per month, (prolly a million per) and institutional investors are staying away (to many lawsuits, big risk?)
No new retail buying in until profits are seen and money is hard to come by at the moment. Bad place to be.
Better call 1-800 Alpha :(  or hope the next news release mentions a partner/buyer with deep pockets, little common sense and a good team of lawyers.
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