Western Magnesium Corp V.WMG.H

Approval for Future Efforts as a Government Contractor

[Betteryear2]

WASHINGTON, D.C. – TheNewswire – April 7, 2022 – Western Magnesium Corporation (WMC) (TSXV:WMG.V) (Frankfurt-3WM)(OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce recent approval from the U.S. Federal Government (USG) for registration into the System for Award Management (SAM), and the designation of a Commercial and Government Entity (CAGE) Code. This approval and designation from the Department of Defense will allow the Company to compete for federal contracts and grant awards relating to future initiatives that support the Department of Defense and other U.S. Government entities.
 

https://www.thenewswire.com/press-releases/1BNMFY04N-western-magnesium-attains-approval-for-future-efforts-as-a-government-contractor.html

Western Magnesium Attains Approval for Future Efforts as a Government Contractor

 

[RawSienna]

If you want to sell popcorn and bagged peanuts to goverment you need to register with Sams and get a Cage code. It's nothing special and another fluff news release. Watch the movie War Dogs to see how they gamed the system (called FedBizOpps) at the time

[stockprobe19]

Just curious how many other American Magnesium producers are on the list? 

[Bingbong87]

Did you just reference a movie to support your argument that the PR was fluff? Your post is desperate 

[RawSienna]

Here's some info from wiki *Note the 2.6 million entities alone from the USA The Commercial and Government Entity Code, or CAGE Code, is a unique identifier assigned to suppliers to various government or defense agencies, as well as to government agencies themselves and various organizations. CAGE codes provide a standardized method of identifying a given

[Sherry35]

I do admit it sounds impressive given the strategic importance of Mg. However, out of "3 million entities in this catalog", how many actually produce at product and generate revenue? How many are active and inactive? WMG doesn't produce a product that genartes revenue. The count is one so far.

[RawSienna]

It's fluff because anyone can get a Cage code and WMG produces nothing to sell. Just another attempt to draw attention to itself and it looks like people are once again  suckered into thinking it's something it's not. (some kind of special government contract)

[stockprobe19]

Fluff or not, it's another step. Grants from governments can be as much as 25% of the costs. Desperate militaries can go much higher. Yes they are drawing attention to themselves, they have something to look at. Just another step in the right direction and for some reason RS you chose to  be critical of their every move. Got to wonder what is your game here?