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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 KonnectTheDotson Oct 22, 2023 10:24am
224 Views
Post# 35695222

RE:RE:RE:RE:RE:RE:Zembala

RE:RE:RE:RE:RE:RE:Zembala

Thanks for the detailed information MFN,
I agree they had good intentions and a way forward initially but in the end it looks like they ran out of time and money to keep going. 

Slim chance that this will come back and even slimmer chance it will be brought to any kind of commercial success. 

The years and failed hopes have beaten most of us down to where we are cynical and negative. 

Maybe our hopes wouldn't have been so high if they hadn't over promised so much in their news releases (go back and read them, all the things they set up, defence department contacts, talks about licensing the technology, building a full scale plant in Ohio, etc...)

Nothing much we can do, certainly do not put good money after bad.

as you said we all should have known this was a risky biscuit to begin with  

If it sounds to good to be true it usually is  

 

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