WASHINGTON, D.C. – TheNewswire - March 17, 2023 – Western Magnesium Corporation (WMC) (TSXV:WMG.V ) ; ( Frankfurt:3WM ) ; ( OTC:MLYF) (“Western Magnesium” or the “Company”) clarifies the Cease Trade Order (“CTO”) dated March 6, 2023.
The Company submitted its financial statements to the audit firm in mid-February. Since that time, Western Magnesium has been waiting for the review to be completed by the auditor. This delay is caused by the transition to the current audit firm.
The CTO will remain in place until such time as the audited annual financials are filed by the Company.
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Auditing annual financials takes a loooong time (first you have to find a firm that will even touch them)
Lets stay positive!
They must have moved the commercial pilot plant to Nevada by now.
It's probably cranking out tons of 99.62359% magnesium and filling those purchase agreements.
Probably also have made countless licensing agreements for the 'technology' too.
Just because it's halted and no real progress for years doesn't mean that this is 'about done'......
Remember, Western Magnesium is the front-runner in the American manufacturing revolution!!!
''Edward Lee, Executive Chairman, said, “This is a phenomenal outcome as the samples are unrefined and straight from the reactor, representing the opportunity for the Company to produce many different product lines from our magnesium metal including alloys, whether it be in an ingot or molten form without refining.”
Paul Sauv, Chief Technology Officer, said, “Achieving metal purity greater than 99.80% this early in the optimization phase is an unprecedented achievement and provides further confidence that we have not only met, but also exceeded our goals.”
This achievement further positions Western Magnesium as the front-runner in the American manufacturing revolution of producing clean magnesium and bringing the production of this critical mineral back to the United States.''
Via la Metalushun!!!
We, as the real shareholders need to be shouting this from the rooftops.
If we could only get really respected investors with years of business experience like Hunter Biden involved this thing would take off in no time.
He could set up multiple LLC's and have money from China and Romania flowing in to get things going.
He knows how to get things done (can we get him on the BOD?)
Something to think about Real Shareholders,
Like Joe said, 'China is going to eat our luch? COME ON MAN!
CNBC - “China is going to eat our lunch? Come on, man.”
On Second Thought, Yes, China Is Indeed Eating Our Lunch
May 7, 2021 — Two years after Joe Biden scoffed at the idea that China was "eating America's lunch," the president said that's exactly what's happening ... -----------------------------------------------------------------------------------------------
Well, that's strange, he says one thing then later says something else.
Very unlike him to be confused.
At least the southern border is secure and Hunters laptop is just Russian Disinformation.
At least he isn't a racist. “If you have a problem figuring out whether you’re for me or Trump then you ain’t black,” Mr. Biden said.
Imagine if we could get him on the board!
The mind boggles.
Not long now!