Western Magnesium Corporation (CE) (MLYF) Cotización

Feb. 29,2024: MLYF SEC Admin. Proceeding for severely delinquent Financials:

https://www.sec.gov/files/litigation/admin/2024/34-99628.pdf

Western Magnesium moves toward commercial production

https://www.lightmetalage.com/news/industry-news/magnesium/western-magnesium-moves-toward-commercial-production/

volume was 9,401 shares. thats not halted

the stock is trading there where 3 trades today for 94 cents, wow that sounds like they are out of business.

Still in business, trading has just been halted do to accounting/taxes from 2022. They just hired a new auditor to clean things up & keep progressing, the stock should start trading again in the future. Also they are in the process of moving their offices & reactor to the US(Nevada) as they are a US corporation. After that they should be able to receive government grants & funding from the US Gov & the state of Nevada.

sure looks like they are out of business

if it is haulted why is the price.0001. looks to me they went belly up.

Latest news from 2023:

02/07/2023
Western Magnesium Completes Definitive Agreement with CCMA, LLC https://www.thenewswire.com/press-releases/1AdyFZWjm-western-magnesium-completes-definitive-agreement-with-ccma-llc.html

02/08/2023
Western Magnesium's Commercial Pilot Plant Moves into Continuous Production Phase https://www.thenewswire.com/press-releases/1knDFryeV-western-magnesiums-commercial-pilot-plant-moves-into-continuous-production-phase.html

02/13/2023
Western Magnesium Provides Technical Update https://www.thenewswire.com/press-releases/1LmPFpjVa-western-magnesium-provides-technical-update.html

02/13/2023
Western Magnesium says testing period at commercial pilot plant gives it “greater confidence” https://www.proactiveinvestors.com/companies/news/1005944

02/21/2023
Western Magnesium Plans West Coast Expansion https://www.thenewswire.com/press-releases/1AwGFMbgJ-western-magnesium-plans-west-coast-expansion.html

03/09/2023
Western Magnesium Receives Extension on Financing https://www.thenewswire.com/press-releases/1BOxFGn80-western-magnesium-receives-extension-on-financing.html

https://www.lightmetalage.com/news/industry-news/magnesium/western-magnesium-moves-toward-commercial-production/

Still in business, trading has just been halted do to accounting/taxes from 2022. They just hired a new auditor to clean things up & keep progressing, the stock should start trading again in the future. Also they are in the process of moving their offices & reactor to the US(Nevada) as they are a US corporation. After that they should be able to receive government grants & funding from the US Gov & the state of Nevada.

i quess they went out of business another scam

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/947-tsx-venture/wmg/132400-western-magnesium-signs-memorandum-of-understanding-with-ccma-llc-to-be-exclusive-sales-agent.html#:~:text=%E2%80%93%20TheNewswire%20%E2%80%93%20December%2006%2C%202022,for%20future%20expansion%20into%20the

CEO Roadshow interview:

https://finance.yahoo.com/news/western-magnesium-announces-continued-success-120144842.html

CEO Roadshow:

https://loom.ly/I2UkDio

https://www.thenewswire.com/press-releases/1k49Fo4Po-corrected-image-western-magnesium-celebrates-production-of-magnesium-metal-with-unprecedented-technology.html

NEWS = Western Magnesium Celebrates Production of Magnesium Metal with Unprecedented Technology
https://www.otcmarkets.com/stock/MLYF/news/Western-Magnesium-Celebrates-Production-of-Magnesium-Metal-with-Unprecedented-Technology?id=360228

https://www.westernmagnesium.com/news/western-magnesiums-ceo-featured-on-fox-business

https://www.westernmagnesium.com/news/western-magnesium-to-fill-surging-demand-in-auto-aerospace-electronics-industries

https://video.foxbusiness.com/v/6305896655112/

Now it just needs money. Lol

https://www.proactiveinvestors.com/companies/news/979163/western-magnesium-attains-approval-for-future-efforts-as-a-government-contractor-979163.html

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/947-tsx-venture/wmg/119458-western-magnesium-engages-independent-valuator.html

https://www.proactiveinvestors.com/companies/news/979710

Thanks for the info, Masonato.

There's positive news behind this drive! Testing reactor completed in 2-3 months! Financing coming on board! Jump on while the stock price is still low!

MLYF/WMC Town Hall #2 was Tuesday night! https://drive.google.com/file/d/1Zybc3rOjz8qCk0L9VV4AA9iFpRW-PN7N/view?usp=sharing

Listen to WMC Town Hall #2 - https://drive.google.com/file/d/1Zybc3rOjz8qCk0L9VV4AA9iFpRW-PN7N/view?usp=sharing

The Awesome WMG Corp.
Mg Sector has been sizzlin'....
Even The Electorode Sector too
Super heavy-duty nano-action
IWM






Benfactors = Commodities / Magnesium, Manganese, Nickel and Lithium

LoL ooops I temporarily actuallyy had these 2 confused.
Figured I was researching the same element ;

So what's the mkt cap in Western ? Lemme guess......Gonna say 356m Cdn.....Nope, YHOO Finance says .... 164m....





In contrast to this 58m mkt cap Manganese X (driller)








Anyways, bottom-line may simply be - The Russell 2000 (IWM) Index
The Risk-ON / Risk-Off Swings.....of these wild times.



Or it may be the DAX 15,000

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=DX%3ADAX&x=48&y=8&time=100&startdate=2%2F4%2F2020&enddate=4%2F21%2F2022&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+21&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Darned ; pardon I'm babbling.....

Must be

Bedtime


Bitcoin 50,000 !

Western Magnesium Corp
@WestMagCorp
·
3h
Continued progress at our commercial pilot plant! Read more here: https://shar.es/aWVcqm

https://twitter.com/WestMagCorp?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Hi Masonato, must have been news today?

Found it, great news,

I just set alerts for MLYF.

Western Magnesium Announces Commercial Pilot Plant Construction Nearing Completion

https://www.thenewswire.com/press-releases/1A8vFZPbz-western-magnesium-announces-commercial-pilot-plant-construction-nearing-completion.html

GLTA

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168099154

Hi, futrcash

I'm still researching. The video at the top ibox has some good info in it start there.

I looked at the weekly chart. One has time to do research.

Masonato, posted the town hall meeting I have yet to listen to it. I wanted to start about 2 years back with videos but only posted most resent videos.

I am going through the most resent M&A and posting what I think is important to know. I should be done end of day.

Been busy all day. Lithium is my bread and butter. This one is Magnesium, but it is in the US.

I have bought two starters. News can move a stock. I am told some news coming. But I want to learn the past first.

My post from the M&A might answer some of your questions. Give me a little more time please. lol

Page 9

Employees
As of October 31, 2021, we had 19 employees. We consider our relations with our employees to be good.

https://www.investorx.ca/doc/2202141802343652

" 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."

what do you know about the proof of this process,and it's economic feasibility?

futr

Page 8

Intellectual Property—Patents, Trademarks
We regularly seek to protect our intellectual property rights in connection with our production process and methods. We rely on non-disclosure/confidentiality agreements and segregate development and engineering duties among certain members of our development team
to protect our intellectual property rights. To the extent we describe or disclose our proprietary production techniques, we redact or request
redaction of such information prior to public disclosure. Despite these measures, we may be unable to detect the unauthorized use of, or
take appropriate steps to enforce our intellectual property rights. Effective trade secret protection may not be available in every country in
which we offer or intend to produce magnesium or offer our products for sale to the same extent as in the United States. Failure to
adequately protect our intellectual property could impair our ability to compete effectively. Further, enforcing our intellectual property
rights could result in the expenditure of significant financial and managerial resources and may not prove successful. Although we intend to
protect our rights vigorously, there can be no assurance that these measures will be successful. See Item 1A. “Risk Factors” with respect to
intellectual property.
We own the website domain www.westernmagnesium.com and www.westmagcorp.com and social media accounts across certain major
platforms.
We do not have any patents or trademarks nor have we filed any patent or trademark applications in the United States or Canada.

https://www.investorx.ca/doc/2202141802343652

Page 6

Our Business
We have developed proprietary magnesium production technology with the aim of becoming a premier low-cost producer of green primary
magnesium metal. We are in the final stages of construction and commencing test production at a research and development pilot plant in
Metropolitan Vancouver, British Columbia, Canada. Our proprietary technology utilizes a continuous silicothermic process that is expected
to produce high grade magnesium with low labor and energy costs while generating minimal toxic by-products.
Plan of Operations
In order to complete construction and commencing testing at our planned research and development pilot plant, the following are the key
milestones that expect to achieve over the next 12 months following the date of this Annual Report on Form 10-K:
1 Complete construction of the plant;
2 Commission the plant and complete final training of operations staff;
3 Commence metal production under various scenarios to ensure sufficient data is collected;
4 Begin the request for proposal process for commercial engineering, procurement and construction management (“EPCM”) firm;
5 Select EPCM firm;
6 Review all pilot data with chosen EPCM firm and validate proposed required operational scenarios; and
7 Begin geotechnical assessments of proposed full-scale magnesium production facility in Harrison County, Ohio.
We estimate that the costs to complete this work will be approximately $8,000,000. We have commenced production in the pilot reactor in
the last calendar quarter of 2021 with full pilot facility operations expected to commence in the second calendar quarter of 2022 after all
safety testing is complete.
Following completion of our magnesium research and development pilot plant, we intend to construct a full-scale magnesium production
facility with expected capacity to produce 100,000 metric tons per year that will be scalable for greater production levels located on 122
acre property located in Harrison County, Ohio. The proposed plant will be adjacent to the future home of a modern mixed fuels power
plant which is expected to provide power to our planned magnesium production plant. The proposed Harrison County, Ohio location is
close to a dolomite supply and has an infrastructure of rail and highway that is capable of transporting our magnesium finished product to
industries across the United States. Our plans will require a significant amount of additional capital

https://www.investorx.ca/doc/2202141802343652

How about some MD&A reading music??

Page 2

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its
internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public
accounting firm that prepared or issued its audit report.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No
The aggregate market value of the voting stock and non-voting common equity held by non-affiliates of the registrant, based upon the
closing sale price of the registrant’s common stock on April 30, 2021 was approximately $31,641,937.
As of January 31, 2022, the registrant had 421,871,770 outstanding shares of common stock.
DOCUMENTS INCORPORATED BY REFERENCE

https://www.investorx.ca/doc/2202141802343652

MD&A - English
Continuous Disclosure
Feb 14, 2022

https://www.investorx.ca/doc/2202141802343652

Western Magnesium Corporation
Financials & Filings

https://money.tmx.com/en/quote/WMG/financials-filings?selectedTab=filings

Recording of Western Magnesium's Town Hall Session held in February 2022.
https://drive.google.com/file/d/13r7fNXdCFN1Dm_o9whW_r7KxFUjlX45w/view?usp=sharing

we are finally in a position to be on a major United States exchange like Nasdaq or the NYSE. Additionally, this milestone will reduce the hold period from 12 months to 6 months for our shareholders. What’s also exciting, is that being Form 10 reporting opens the door for all financial institutions to participate in our financial growth.”

https://www.thenewswire.com/archives/1BjjFbGlN

Hey Karnal knowledge dude !.....Looks like you were right.
https://investorshub.advfn.com/Karnalyte-Resources-40942

https://ycharts.com/indicators/potassium_chloride_muriate_of_potash_spot_price










Also you had WHY
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168094184


https://www.northernminer.com/news/brazils-bolsanaro-backs-legalization-of-mining-in-indigenous-lands-amidst-russia-invasion/1003839434/




See NPK and DRRSF also

Western Magnesium Initiates the Buildout of Commercialized Pilot Plant
April 28, 2020, 1:55 pm
Western Magnesium Corporation (formerly Nevada Clean Magnesium), headquartered in Las Vegas, Nevada, has started the buildout of its first commercialized pilot plant, with several industrial sites in the U.S. under consideration. The company plans to use a proprietary technology for the production of low-cost, green magnesium metal using dolomite from its Tami-Mosi deposit in Ely, Nevada. This brings Western Magnesium closer to its goal of becoming a significant player in the supply of magnesium metal and its alloys in the U.S.

For the past decade, Western Magnesium has been researching and developing a new process that overcomes traditional production obstacles inherent in batch production methods (such as the Pidgeon process), which are used in China and other emerging countries with lax labor and environmental standards

https://www.lightmetalage.com/news/industry-news/magnesium/western-magnesium-initiates-the-buildout-of-commercialized-pilot-plant/

FINANCIAL STATEMENTS

https://westernmagnesium.com/financial-statements/

Jack Singh
Marketing Consultant Western Magnesium Corp.
Talks about #supplychain, #climatechange, #criticalmetals, #economicsecurity, and #nationalsecurity

Investor Relations Western Magnesium Corporation
Jan 2020 - Present · 2 yrs 3 mos

https://www.linkedin.com/in/jack-singh-490b9244/

We Can’t Have National Security Without a Renaissance in American Manufacturing
Posted to Politics January 18, 2022 by Mike Rutkowski

https://insidesources.com/we-cant-have-national-security-without-a-renaissance-in-american-manufacturing/