There are currently two final pieces of equipment to be delivered which are on schedule and will be accepted shortly. Sorry, what?
Didn't they say it was completed like a year ago?
Just two more pieces of the puzzle needed?
This is like de ja vu all over again (thanks Yogi)
WASHINGTON, D.C. - TheNewswire - October 18, 2021 - Western Magnesium Corporation (TSXV:WMG) (Frankfurt:3WM) (OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce that commissioning of the continuous pilot reactor is now complete. All electrical, instrumentation, and vacuum testing are complete, and the vessel is now ready to receive feed.
Big Zoom call tonight, no doubt this NR is timed to prevent those nasty questions by all the doubting Thomas's and Debbie Downers, can't have that drown out the sound of Champagne corks popping and back slapping.
So, do they have anything real this time or is it just another oportunity for a pump and dump a la August 2021, big spike then back down to prior level?
They keep crying wolf and less and less of the townspeople are coming to the rescue pitchforks in hand. NEW YORK, NY - TheNewswire - TheNewswire - August 23, 2021 - Western Magnesium Corporation (TSXV:WMG) (Frankfurt:3WM) (OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce that testing on the new continuous pilot reactor has started ahead of schedule. This is a methodical process that ensures a safe and successful operation of the reactor and its auxiliary equipment. Heating and vacuum tests are underway and full operations will commence after all safety testing is complete. Materials of construction is a key part of this testing and will provide invaluable data to the future full scale commercial Western Magnesium plant.
Edward Lee, Executive Chairman states, “My expectations of being ahead of schedule have been met and I am pleased with the results to date. I have asked Management to take extra time to re-test each assembled piece of equipment and their respective automated features to ensure the utmost performance as material runs for producing magnesium metal will commence once all the dry operational runs have been fully tested and completed.”
NEW YORK, NY – TheNewswire – February 10, 2021 – Western Magnesium Corporation (TSXV:WMG ) ; ( Frankfurt-3WM ) ; ( OTC:MLYF) (“Western Magnesium” or the “Company”). This news release is part of our ongoing update regarding the construction and completion of our commercialized pilot plant. We are happy to report that construction is ongoing with our pilot plant and the following items have been completed within the facility:
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- A state-of-the-art security, access, and networking system has been installed in the building and is functioning well allowing us to control our site to the standard that is required for a facility of this magnitude.
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Now they have air conditioning, add that to the washrooms and lunchroom that they bragged about previously.
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NEW YORK, NY - TheNewswire - September 1, 2020 -Western Magnesium Corporation (TSXV:WMG) (FrankfurtM1V) (OTC:MLYF) ("Western Magnesium" or the "Company") is very pleased to announce that it has finalized and obtained a location for its commercial pilot plant.
The plant will be in the lower mainland with close proximity to the downtown core, major transportation routes and the airport. The building itself is new and meets all the specifications and zoning needed to build the entire plant. The technical team is excited about the environment and are now going through their last stages of preparation to start moving into the new facility. Mr. Paul Sauve says, "This is an excellent facility that will provide all the required amenities necessary for a successful pilot plant campaign."
Mr. Sam Ataya commented, "This is a great achievement for Western Magnesium as it has met one of its important milestones in Phase 2 as it continues to move forward towards production of magnesium metal by the end of the year, into the New Year. This critical step not only gets us closer to production, but also gets us closer to end-user testing and certification and being a supplier to the various industries that require magnesium such as the automotive, aerospace, government and eco-friendly industries. This commercialized pilot plant will lay the foundation for all the commercialized plants to follow across Canada and the United States."
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'production of magnesium metal by the end of the year'
And what year was that?
I wouldn't get my hopes up too high just yet.