(TheNewswire)
WASHINGTON, D.C. –TheNewswire - March 29, 2022 - Western Magnesium Corporation (TSXV:WMG ) ( Frankfurt:3WM ) ( OTC:MLYF) (“Western Magnesium” or the “Company”) Western Magnesium Corporation (WMC) is pleasedto announce the majority of equipment has been delivered and multipletrades are on site installing and testing the equipment as theCompany’s commercial pilot plant is nearing completion. There arecurrently two final pieces of equipment to be delivered which are onschedule and will be accepted shortly. This is a major step as theCompany works to produce 99.8% pure magnesium metal in the UnitedStates through a highly advanced technological process thatcontinuously removes harmful byproducts before they are released intothe environment. To streamline the construction process, WMC iscommissioning each piece of equipment as it is installed whichrequires significant coordination to ensure that all necessaryequipment operates as anticipated and that all safety interlocksfunction properly.
Additionally, WMC has successfully passed acceptancetesting for purchased equipment to date, demonstrating that theCompany’s engineering design and procurement process have beenfollowed with appropriate and diligent action. Furthering thesuccessful engineering, reactor heating testing is now underway.
Executive Chairman Ed Lee, states, “I am pleased thatwe are in the final stage of the commercialized pilot plant build out,this undertaking has required a methodical approach to ensure a safeand successful operation of our proprietary technology.”
Below are recent pictures taken during construction ofthe plant.
Figure 1 - Pilot Plant Cooling Unit being Lifted intoPlace
Figure 2 - Pilot Plant Motor Control Center andDistributed Control System during the Early Construction Phase. TheDCS has passed initial testing and installation work iscontinuing.
About WesternMagnesium
Western Magnesium’s goal is to be a low-costproducer of green, primary magnesium metal, a strategic commodityprized for its strength and light weight. Unlike outdated and costlyproduction processes, Western Magnesium looks to use a continuoussilicothermic process to produce magnesium in the United States, whichsignificantly reduces labor and energy costs relative to currentmethods and processes, while being environmentally friendly.
Media Relations &Corporate Communications :
Ashleigh Barry | abarry@westmagcorp.com | (202) 258-4453
InvestorRelations:
John Ulmer | julmer@westmagcorp.com | (604)423-2709
Safe HarborStatement
This newsrelease contains statements that involve expectations, plans orintentions (such as those relating to future business or financialresults) and other factors discussed from time to time in theCompany’s Securities and Exchange Commission filings. Thesestatements are forward-looking and are subject to risks anduncertainties, so actual results may vary materially. You can identifythese forward-looking statements by words such as “may,”“should,” “expect,” “anticipate,” “believe,”“estimate,” “intend,” “plan” and other similarexpressions. Our actual results could differ materially from thoseanticipated in these forward-looking statements as a result of certainfactors not within the control of the Company. The Company cautionsreaders not to place undue reliance on any such forward-lookingstatements, which speak only as of the date made. The Companydisclaims any obligation subsequently to revise any forward-lookingstatements to reflect events or circumstances after the date of suchstatements or to reflect the occurrence of anticipated orunanticipated events.
This news releasedoes not constitute an offer to sell or a solicitation of an offer tobuy any of the securities described in this news release. Suchsecurities have not been, and will not be, registered under the UnitedStates Securities Act of 1933, as amended (the “U.S. SecuritiesAct”), or any state securities laws, and, accordingly, may not beoffered or sold within the United States, or to or for the account orbenefit of persons in the United States or “U.S. Persons”, as suchterm is defined in Regulation S promulgated under the U.S. SecuritiesAct, unless registered under the U.S. Securities Act and applicablestate securities laws or pursuant to an exemption from suchregistration requirements.
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.
Copyright (c) 2022 TheNewswire - All rights reserved.