NEW YORK, NY – TheNewswire – September 22, 2020 – Western Magnesium Corporation (TSXV: WMG; Frankfurt-M1V; OTCQB: MLYF) (“Western Magnesium” or the “Company”).
Western Magnesium provides an update on the organization of the plant!
These are the foundational steps that Paul Sauvé, Sr Vice-President of Operations, and his technical team are taking to construct a well-designed, safe, and flexible plant. Equally important, the plan will ensure all design, construction and build-out will be in accordance with federal and local codes and standards.
To that effect, the following is taking place:
- the technical staff has started to work on the design of the space to comply with city code requirements.
- the design towards installation of structural steel is underway;
- our mechanical engineering drawings and models are in the final stage of review;
- initial facility construction is beginning in preparation for the equipment delivery;
- various suppliers and service providers have been granted access to the site to begin their evaluations to ensure a safe & expedient completion of the pilot plant.
Western Magnesium also thanks shareholders that asked us some great clarifying questions about our pilot plant. The commercial pilot plant is a smaller-scale version of the full-scale production system. The plant is going to test and validate our production technology before commercialization and will demonstrate its efficiency and effectiveness in producing magnesium metal. At the same time, Mr. Sauve and his team will look to optimize the process flowsheet to meet production deliverables. With commercialization as the end goal, the pilot plant will exhibit scale up efficiency, technical process validation, eco-friendly efficacy, and production of full magnesium metal.
About Western Magnesium
Western Magnesium’s goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and lightweight qualities. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces manufacturing and energy costs relative to current methods and processes, while being environmentally friendly.
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company’s dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic and we may not be able hire and retain skilled employees. The Company undertakes no obligation to update forward‐looking information except as required by law. The reader is cautioned not to place undue reliance on forward‐looking statements. These forward-looking statements are made as of the date of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. We see Safe Harbor.