20:18:03 EST Mon 30 Jan 2023
Enter Symbol
or Name

Western Magnesium Corp
Symbol WMG
Shares Issued 442,477,132
Close 2022-06-29 C$ 0.23
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Western Magnesium increases output at Mg pilot plant

2022-06-29 13:42 ET - News Release

Mr. Ed Lee reports


The production of magnesium metal at Western Magnesium Corp.'s commercial pilot plant, which was announced earlier this month, has been an overwhelming success. An inspection by the company's technical team and third party trades has indicated that all systems have proved that the company can continue with further production as it enters a secondary stage of increasing metal output and subsequent validation of the metal produced.

The company is presently in the calibration and optimization phase, which will continue until satisfactory operating parameters are defined. This phase will be used to validate the industrial process for commercialization and is the final stage in the research and development of Western Magnesium's new process.

Executive chairman Ed Lee stated, "Our technical team has proven the value of being cautious in implementing this innovative technology to produce magnesium metal, and I look forward to exploring the full range of capabilities the commercialized pilot plant has to offer."

Chief technology officer Paul Sauve stated, "With any new disruptive technology, it is paramount that we follow a thorough and cohesive commissioning and optimization plan to ensure the equipment is not overstressed in the initial runs and that any deficiencies are identified and corrected prior to the next phase." Mr. Sauve added that the technical team's diligent efforts continue to ensure that all operating systems are functioning as designed.

Western Magnesium will use this revolutionary new production process to once more produce magnesium metal in the United States. Magnesium metal is one of 50 minerals designated as critical by the Department of Interior and a necessary component in the production of aluminum and titanium used in a wide range of products in industries including automotive and aerospace; the Department of Defense; as well as ecofriendly tech companies.

Each output of metal at the company's pilot plant is now being tested and will undergo third party evaluation over the next several weeks. The company looks forward to sharing more exciting news about production capabilities and the third party assessment.

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, 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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