13:55:51 EST Fri 27 Jan 2023
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Western Magnesium Corp
Symbol WMG
Shares Issued 427,254,630
Close 2022-03-28 C$ 0.30
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Western Magnesium says plant construction nearly done

2022-03-29 12:23 ET - News Release

Mr. Ed Lee reports

WESTERN MAGNESIUM ANNOUNCES COMMERCIAL PILOT PLANT CONSTRUCTION NEARING COMPLETION

The majority of equipment has been delivered, and multiple trades are on site installing and testing the equipment as Western Magnesium Corp.'s commercial pilot plant is nearing completion. There are currently two final pieces of equipment to be delivered, which are on schedule and will be accepted shortly. This is a major step as the company works to produce 99.8-per-cent-pure magnesium metal in the United States through a highly advanced technological process that continuously removes harmful byproducts before they are released into the environment. To streamline the construction process, Western Magnesium is commissioning each piece of equipment as it is installed, which requires significant co-ordination to ensure that all necessary equipment operates as anticipated and that all safety interlocks function properly.

Additionally, Western Magnesium has successfully passed acceptance testing for purchased equipment to date, demonstrating that the company's engineering design and procurement process have been followed with appropriate and diligent action. Furthering the successful engineering, reactor heating testing is now under way.

Executive chairman Ed Lee states: "I am pleased that we are in the final stage of the commercialized pilot plant buildout. This undertaking has required a methodical approach to ensure a safe and successful operation of our proprietary technology."

About Western Magnesium Corp.

Western Magnesium's goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium in the United States, which significantly reduces labour and energy costs relative to current methods and processes, while being environmentally friendly.

We seek Safe Harbor.

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