Western
Magnesium Commences Buildout of Commercialized Pilot
Plant
NEW YORK,
NY -- April 15, 2020 -- InvestorsHub NewsWire
-- Western
Magnesium Corporation (TSXV:WMG; Frankfurt-M1V; OTCQB:MLYF) ("Western Magnesium" or the
"Company") is pleased to announce that it has started the build out
of our first commercialized pilot plant.
Led by our
technical team of Robert Odle, Chief Process Engineer and Paul
Sauvé, VP, Operations, Western Magnesium has already contracted an
international engineering firm to assist in the design and
procurement of the pilot plant. Key activities, such as, process
design, flowsheet development, process modeling, and mechanical
design are well under way and management feels strongly that the
project is moving in the right direction and will meet our
projected timelines for completion. Western Magnesium will
achieve its goal of producing magnesium metal by the end
of 2020.
This is a
stepping-stone to move the Company forward in producing the first
run of metal that will be used to carry out end-user
industry testing as well as obtain
industry certification by the automobile, aerospace,
and airline industries, and also the government and
military.
With this
foundational work under way, Western Magnesium Corporation is well
into its operational
activation phase of its strategy. With the
finish line in mind, all hands are on deck from the finance,
operations, and IR perspective as the company forges ahead at an
accelerated pace.
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 light
weight. Unlike outdated and costly
production processes, Western Magnesium looks to use a continuous
silicothermic process to produce magnesium, which significantly
reduces labor and energy costs relative to current methods and
processes, while being environmentally friendly.
Forward-Looking
Statements
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
http://www.westmagcorp.com or view our
profile on SEDAR
