Western Magnesium Corporation (TSXV:WMG)


Western Magnesium Corporation is an industrial product technology company that operates in the basic materials sector. Western Magnesium provides metal technology to produce quality magnesium metal at reasonable costs.

Western Magnesium is a publicly listed company on the Toronto Venture Stock Exchange, with its common shares listed under the ticker symbol WMG. In addition to the TSXV, the metal producer lists and trades its common shares on the Frankfurt Stock Exchange and Over-the-Counter (OTC) market under the stock symbols 3WM and MLYF, respectively.

The Vancouver-based natural resource tech company has been developing a proprietary technology to produce magnesium metal with three zero toxic by-products, including food grade carbon dioxide, aggregate Di-Cal, and heat recovery.

The metal technology by Western Magnesium Corporation is based on a silicothermic process accompanied by high automation, less energy consumption, and low labor. Western Magnesium Corporation aims to support automotive, aviation, aerospace, energy technology and military industries through its magnesium metal technology.

In a news release dated June 7, 2021, Western Magnesium Corporation reported that it has received the final approval from the Toronto Venture Stock Exchange (TSXV) for an agreement regarding a magnesium reactor buildout with Industrial Surplus Ltd., a surplus contractor company. According to the press release on July 27, 2021, Western Magnesium Corporation mentioned that the proprietary magnesium reactor of the company would undergo the testing phase in the coming 30 days.

Additionally, the commercial pilot plant is at the final phase with the required equipment, supplies and updated baseline schedule. The company expects that it would be able to start production with the new schedule. The operational team already started optimizing the material composition and size of the mineral feed through ancillary feed equipment at the processing facility.

Contact Information

company address Suite 900 - 580 Hornby Street Vancouver, BC V6C 3B6

company phone604 839-7985

company email[email protected]

company websitehttps://westernmagnesium.com/

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