RE:Yes, this one, update please.The reason that there is healthy skepticism is because of all the failed accoplishments in the past.
| Western Magnesium Corporation (TSXV: WMG; Frankfurt-M1V; OTCQB: MLYF): Bringing Magnesium Production Back into the USA; Interview with Sam Ataya, Executive President, CEO and Paul Sauve, VP of Operations |
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA on 8/17/2020 Sam Ataya: Absolutely. For now, we are in phase two of operations. We're focusing on three areas in phase two. Number one, Paul referred to the commercialized pilot plant being built. That is very important for us for the data and analytics that it will give us to move on to build the bigger commercialized plants, which will all be in the United States.
So that commercialized pilot plant will be completed by the end of 2020, and we plan on producing metal by first quarter of 2021. That is a big part of phase two and that's what we're working on right now. The other thing is that we are going to become S-1 reporting because on our corporate side, we re-domiciled the Company from Canada, and we are now a US domiciled corporation out of Delaware.
https://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1312389/Western+Magnesium+Corporation+%28TSXV+WMG+FrankfurtM1V+OTCQB+MLYF%29+Bringing+Magnesium+Production+Back+into+the+USA.htm
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The pictures in the article below are of an existing plant that was goint to be bought and converted to Mg production (anyone remember this?)
When that news came out (2019) everyone thought, ''here we go''.
So by all means be positive, be optimistic but those who have been here for ages need to actually see something concrete.
Canadian company eyes Addy smelter purchase
Company plans green magnesium smelting operations in the states
June 20th, 2019 Western Magnesium Corp., a British Columbia, Canada-based producer of magnesium metal, has announced it is exploring the purchase of a former smelter site in Stevens County.
A Western Magnesium representative declines to comment on the plans, but confirms the company is in negotiations to purchase the property.
In a press release provided by the company, Western Magnesium CEO Sam Ataya says, “Our hope is that our facility serves as a locus of smart manufacturing activity, breaks our reliance on dirty, low-quality foreign magnesium, and produces a better, cleaner, domestic product that re-establishes American manufacturing dominance.”
The site, formerly the Northwest Alloys Inc. magnesium smelter, is located at 1560A Marble Valley Road in Addy, about 60 miles north of Spokane via U.S. 395. The plant was shuttered in 2001 due to high energy costs and low magnesium prices, making it difficult to complete with smelters overseas, such as in China, that typically have lower labor costs and comparatively lower environmental standards.
As of December 2018, China produced about 82% of the world’s magnesium supply, according to a U.S. Geological Survey Mineral Commodity summary.
Western Magnesium claims its scalable commercial furnaces require a smaller footprint and are more environmentally friendly with a new continuous process using a silicon agent at high temperatures. The process reduces labor and energy costs, in comparison to current methods and processes, the company asserts.
https://www.spokanejournal.com/local-news/canadian-company-eyes-addy-smelter-purchase/
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So yeah, talk is cheap so are news releases to bump the sp.
We have seen it all before.