Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Not informed or dishonest!

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Post by Frankyboy on Aug 09, 2021 6:51pm

Not informed or dishonest!

People who say that there is no reason for the increase in value of WMG are either not informed or dishonest! I suspect the latter.

On July 27, Western Magnesium provided an operational update announcing that testing will begin within the next 30 days on its new proprietary reactor. I have been a shareholder of NVM / WMG for 8 years, and have been waiting for this news since then!

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Comment by Frankyboy on Aug 09, 2021 6:55pm

The share price has started to rise since this operational update

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Comment by Bingbong87 on Aug 09, 2021 7:01pm

Very true. They doubled down the timeline they set in the June 2nd PR

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Comment by Frankyboy on Aug 09, 2021 7:18pm

86% of magnesium metal comes from China. China, the world's main producer of this metal, uses an archaic transformation process that emits 28 tons of GHG per ton. As for production, it emits 2.5 to 3 tons. Nobody can compete with China for the price of magnesium. WMG will be able to compete with China with a metal that is cheaper to produce, and much cleaner environmentally.

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