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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 KonnectTheDotson Apr 03, 2023 3:58pm
218 Views
Post# 35377016

Halted

Halted

As SP correctly stated the cease trade order is just temporary , just like life is temporary.....

But that doesn't mean everything stops and also doesn't mean that they can't update us regarding things they said, if that's the outcome it's because they're using it as an excuse to stay silent  

So how about an update on how they are going to fill those previously announced purchase agreements when they have no capacity to produce a product?

"By obtaining letters of intent to purchase product once full commercial production comes online"

And when would that be?
They must have some kind of estimated date. 
Who is going to sign an LOI without having any idea of when it will be filled?


While they're at it, they can update us as to their announcement that they have "licensing packages".
How exactly does that work and when will that happen?

"The value of our technical and software upgrades gives Western Magnesium the ability to have a full package solution for the licensing of our technology in the near future."

They have always been very good at dropping optimistic, but vague in details announcements of things that look like they could produce revenue, but they never follow up (like the 100,000 metric ton per year mega plant being built in Ohio)

Is that just a coincidence or is it intentional?

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