WASHINGTON, D.C. – TheNewswire – April 27, 2022 – Western Magnesium Corporation (TSXV:WMG.V) (OTC:MLYF) (Frankfurt:3WM) (“Western Magnesium” or the “Company”) is excited to announce that it has received the approval of final engineering field inspections that were conducted last week at the commercial pilot plant. All inspections of the equipment were successful, and the Company has received the final acceptance paperwork.
This comes as Western Magnesium’s commercial pilot plant is now just weeks away from commencing “green” magnesium production operations, which serves as a prime example of how far technology has evolved in the decades since America outsourced the environmentally unfriendly process of producing critical minerals.
Executive Chairman, Ed Lee, stated, “We are on the cusp of reintroducing magnesium production into America in a way that hasn’t been seen before and building an economy that everyone can truly rally around. The approval of these inspections is instrumental in our ability to showcase our innovative “green” solution in the domestic production of magnesium metal and alloys.”
Chief Technology Officer, Paul Sauvé, stated, “Approval of these inspections further demonstrates the competence of our engineering and construction teams. This work has taken a considerable effort and we are highly encouraged by what has been accomplished to date.”
The Company is excited to complete the final steps before production in late May, which will conclude with an official walk-through with city officials.
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 Unlike outdated, costly, and highly polluting production processes, Western Magnesium intends to use a continuous silicothermic process to produce magnesium, which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.
Media Relations & Corporate Communications: Ashleigh Barry | [email protected] | (202) 258-4453
Investor Relations: John Ulmer | [email protected] | (604) 423-2709
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results), and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the Company. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
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