Western Magnesium Obtains Pilot Plant Location
NEW YORK, NY – TheNewswire – September 1, 2020 – Western Magnesium Corporation (TSXV:WMG) (FrankfurtM1V) (OTC:MLYF) (“Western Magnesium” or the “Company”) is very pleased to announce that it has finalized and obtained a location for its commercial pilot plant.
The plant will be in the lower mainland with close proximity to the downtown core, major transportation routes and the airport. The building itself is new and meets all the specifications and zoning needed to build the entire plant. The technical team is excited about the environment and are now going through their last stages of preparation to start moving into the new facility. Mr. Paul Sauve says, “This is an excellent facility that will provide all the required amenities necessary for a successful pilot plant campaign.”
Mr. Sam Ataya commented, “This is a great achievement for Western Magnesium as it has met one of its important milestones in Phase 2 as it continues to move forward towards production of magnesium metal by the end of the year, into the New Year. This critical step not only gets us closer to production, but also gets us closer to end-user testing and certification and being a supplier to the various industries that require magnesium such as the automotive, aerospace, government and eco-friendly industries. This commercialized pilot plant will lay the foundation for all the commercialized plants to follow across Canada and the United States.”
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 Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces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.
For additional information please visit our website at www.westmagcorp.com
View our profile on SEDAR