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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

Comment by AucontraireIIon Apr 02, 2023 6:18pm
133 Views
Post# 35375041

RE:While we patiently wait.......

RE:While we patiently wait.......And this from just less than 2 months ago: 

"All necessary required mechanical upgrades identified during the initial optimization reactor runs have been completed, proving successful metal processing capabilities. The Commercial Pilot Plant will be ready to enter a continuous phase setting the stage for continuous metal production.

Executive Chairman, Ed Lee, states “After the successful initial run, we are confident moving into the continuous phase. This is an exciting time as we have been able to show success with initial optimization runs.”

Executive President and CEO, Sam Ataya, states “We have been in discussions with multiple end users about metal production from our commercial pilot plant. Due to demand being very high and magnesium metal availability being scarce globally, and particularly in the United States, discussions with the end users have been escalated and we are working with end users to supply magnesium metal from our Commercial Pilot Plant.”

Doesn't that sound like magnesium for sale is about to happen any day?  Then as you pointed out KTD, just 2 weeks later they say we're tearing it all down and moving to Nevada...
And to boot, just Nevada.  No place in particular in Nevada...just Nevada.   They can't even write a plausible dream much less a plausible business plan.  Obviously they are in deep trouble....things haven't worked out and they aren't leveling with us something.

Bigrig and others, help me out here.  Tell me where I'm wrong and be specific with evidence please.  Make me feel better.




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