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Bullboard - Stock Discussion Forum 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... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Western has ZERO patents and ZERO permits
View:
Post by Executer99 on Aug 12, 2021 2:31pm

Western has ZERO patents and ZERO permits

NO PATENTS OR PATENTS PENDIND IN THE USA OR CANADA
-31 million in debt
-They have no plans to mine any resourses from their mine assets?
-They may not be able to get permits for their pilot plant which I assume means they don't have it.
-No dividends planned
These are FACTS that were filed in their form 10 to the SEC to trade in the stock market (Their business plan)
  Don't believe people on BB/forums, due some DD and READ THEIR FORM 10
Comment by pfaffgau on Aug 12, 2021 5:13pm
Here he goes again.  Executer99, when the 10K filing was released the stock rallied!! In the U.S., you need to say, "This stock is worthless, because our regulations only leave room for multibilion dollar companies."   What else is new?    You don't need patents if your process makes money.  Most patents are worthless.  They don't protect you ...more  
Comment by RawSienna on Aug 12, 2021 5:44pm
Once again a  copied direct quote from their Form 10  In addition, we own a 100% interest in 81 unpatented lode mining claims totaling approximately 1,673 acres (the “Tami Mosi Mining Claim”), four unpatented lode mining claims totaling approximately 10 acres located in the Moor Mining District in Elco County, Nevada and a 100% interest in three patented mining claims located in the ...more  
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