09:40:34 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Western Magnesium Corp
Symbol WMG
Shares Issued 429,816,241
Close 2022-04-19 C$ 0.37
Market Cap C$ 159,032,009
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Western Mg conducts final pilot plant field inspections

2022-04-20 12:35 ET - News Release

Mr. Paul Sauve reports

WESTERN MAGNESIUM ANNOUNCES FINAL ENGINEERING FIELD INSPECTIONS UNDERWAY AT COMMERCIAL PILOT PLANT

The final engineering field inspections are being conducted at Western Magnesium Corp.'s commercial pilot plant. These engineering inspections are a critical step in the construction process and will help to ensure the accuracy of all processes and protocols.

Successful engineering sign-off of this detailed analysis allows Western Magnesium's operations team to proceed with the final phase of commissioning and reach the company's end goal of commencing green magnesium production operations.

Magnesium is critical to the production of aluminum, which is used in everything from cars and airplanes to computers and appliances. For decades now, America has outsourced the production of domestic magnesium to China, in large part because the past ways of mining this mineral have had extremely high environmental costs.

Western Magnesium is on the cusp of returning magnesium production to North America with a new, environmentally sound process that will boost U.S. national security and create thousands of jobs. Production is slated to begin at the end of May.

Executive chairman Ed Lee stated: "I am confident in the successful outcome of these final inspections at the commercial pilot plant this week. This is vital to our overall mission as we move closer to bringing production of green magnesium back to the United States with our proprietary technology."

Chief technology officer Paul Sauve stated, "The success of these detailed inspections will allow us to maintain our project timeline and proceed with exciting and unprecedented next steps in plant commissioning, ultimately positioning us as a major player in the market that will shape production trends in the coming years."

In addition, final construction and commissioning continue at the plant and the team is proud to report no significant issues or obstacles faced to date, and the company's green metal production is on schedule.

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, costly and highly polluting production processes, Western Magnesium intends to use a continuous silicothermic process to produce magnesium, 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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