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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 Bigrig16on Feb 06, 2023 4:47pm
238 Views
Post# 35270362

Might want to read announcement again

Might want to read announcement againIt says
CCMA is securing for purchase 25000 metric tons 
The math should speak for itself
25000 metric tons x 2200 lbs per ton
55,000,000 lbs
Todays Google  of world price is 6.45 per lbs
that is about
354,750,000 dollars
I'd say that's off to a great start
Which by the way should make securing funding a much simpler process
Its a win today

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