(TheNewswire)
Washington, DC - TheNewswire - June 1, 2023 - Western MagnesiumCorporation (TSXV:WMG.V ) ( Frankfurt-3WM ) ( OTC:MLYF) (“ Western Magnesium ”or the “ Company ”) announces the resignation of Rabih Ataya from the boardof directors. Mr. Ataya is resigning for health reasons and theBoard would like to thank him for his years of service.
About Western Magnesium
Western Magnesium's goalis to be a low-cost producer of green, primary magnesium metal, astrategic commodity prized for its strength and light weight. Unlike outdated andcostly production processes, Western Magnesium looks to use acontinuous silicothermic process to produce magnesium, whichsignificantly reduces labor and energy costs relative to currentmethods and processes, while being environmentally friendly.
Investor Relations : John Ulmer | julmer@westmagcorp.com | (778) 994-6453
Safe HarborStatement
This news releasecontains statements that involve expectations, plans or intentions(such as those relating to future business or financial results), andother factors discussed from time to time in the Company’sSecurities and Exchange Commission filings. These statements areforward-looking and are subject to risks and uncertainties, so actualresults may vary materially. You can identify these forward-lookingstatements by words such as “may,” “should,” “expect,”“anticipate,” “believe,” “estimate,” “intend,”“plan” and other similar expressions. Our actual results coulddiffer materially from those anticipated in these forward-lookingstatements as a result of certain factors not within the control ofthe Company. The Company cautions readers not to place undue relianceon any such forward-looking statements, which speak only as of thedate made. The Company disclaims any obligation subsequently to reviseany forward-looking statements to reflect events or circumstancesafter the date of such statements or to reflect the occurrence ofanticipated or unanticipated 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.
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