Western Magnesium Corp V.WMG.H

So.....

[KonnectTheDots]

Any update Ed?

WASHINGTON, D.C. – TheNewswire - February 21, 2023 – Western Magnesium Corporation (WMC) (TSXV:WMG.V); (Frankfurt-3WM); (OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce its plans for expansion and buildout of an initial 25,000 metric tonne commercial plant and a Research & Development Centre in Nevada. After careful consideration and analysis of different sites within other Western US States for the expansion, Nevada was selected as the future plant site for West Coast operations.

 

Our technical and corporate team have spent the last eight months planning our expansion on the West Coast. Over the next six months, after the continuous operational runs are completed, the commercial Pilot Plant will be moved from its current site and moved to a new Research & Development facility giving us the ability for expanded production of magnesium metal, and to develop new alloys and IP with the different industries we are currently in discussions with such as the automotive, aerospace, airline, eco-friendly technology companies and Defense Contractors. The new Research & Development facility will also help facilitate the buildout of the initial 25,000 metric tonne commercial plant in Nevada.

Nevada is an ideal location due to its dry arid climate for the securing and stockpiling of magnesium metal ingot as identified in the US Government critical metals supply list which aligns with our plans for the development of our own resource at the Tami Mosi site in Ely, Nevada. Nevada’s favourable tax environment coupled with its expedited licensing and approval process makes it an ideal location for our expansion on the West Coast. Backed by a highly educated workforce and its expanding infrastructure, it will support our economic industrial buildout. Other aspects such as competitive utility rates for commercial operations and an abundance of economic commercial real estate, Nevada is an ideal location to build out our initial 25,000 metric tonne commercial plant. Its idyllic location is a one-day drive to five major US ports serving the Pacific Rim.

 

Over the next few months, Western Magnesium will also be relocating its West Coast head office to Nevada to manage an expedited timeline for the Research & Development facility and the buildout of our initial 25,000 metric tonne commercial plant.

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Any news at all?

Audit?
Financials?
Licensing?

Executive Chairman, Ed Lee, states, “The proprietary technology and software, which has been built specifically for our green process, is truly one of a kind. Our technology represents America’s best chance at bringing production of the much sought after magnesium metal, which has been identified as a critical metal by both industry and government, back to the United States.”

 

The value of our technical and software upgrades gives Western Magnesium the ability to have a full package solution for the licensing of our technology in the near future. Our proprietary technology is a one-stop solution for providing a green critical metal locally and globally.

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It all sounded so promising !

Then...poof, nada, zip, bupkiss.
Was any of it ever real?
 

[AucontraireII]

Yup ktd, was it ever real .... Indeed.   We may never know.  So we went from full production by 2027 out of a mega plant, to not a single word for about 15 months or more now.  I would say that's quite a come down, but I'm not an expert.