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Monday, September 20, 2021

Western Magnesium Corp (OTCMKTS: MLYF) Powerful Runner as Magnesium Pioneer Looks to Become the World’s Low-Cost Producer of Green, Pure Magnesium

Western Magnesium Corp (OTCMKTS: MLYF) is making a historic rise up the charts in recent months from well under a dime to recent highs near $1 mark. MLYF is quickly emerging as a volume leader in small caps attraction legions of new shareholders including some heavy hitters on the OTC. Currently under heavy accumulation MLYF is moving steadily northbound with many new investors buying in every day. The stock is a powerhouse and continues to move northbound with strength and purpose.  

The Company is focused on becoming the become world’s low-cost producer of eco-friendly, high-quality magnesium. MLYF has created a proprietary technology which creates a purer form of magnesium in contrast to the Pidgeon process which results in a less pure magnesium. Western Magnesium has just completed the buildout its magnesium reactor. This is a significant, and much anticipated milestone for the Company. Executive Chairman, Mr. Ed Lee, states “This reactor unit is a significant step forward that will enable the Company to enter the marketplace with its proprietary continuous condenser, and will secure Western Magnesium’s future for decades to come.” Initial metal production will allow management to work closely with end users in the automotive, aerospace, and ecofriendly technology companies and the Department of Defense to assess the amount of metal needed for their assembly line manufacturing, and the form in which they will need the metal. 

Western Magnesium Provides Operational UpdateWestern Magnesium Corp (OTCMKTS: MLYF) (TSXV:WMG) (Frankfurt-3WM) 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 Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce 99.9% pure magnesium, which significantly reduces labor and energy costs relative to current methods and processes, while being environmentally friendly. Technology is at the heart of Western Magnesium’s business and is the result of 10 years of stealth research and development done at its original location in British Columbia, Canada. The Company’s R&D team consists of world leading authorities in magnesium production and expertise as well as research from as early as post-WWII U.S. magnesium production; when America led the industry. The Company has been raising money in several private placements and offerings in recent months for proceeds of well over $5 million usd. 

MLYF has created a proprietary technology which creates a purer form of magnesium in contrast to the Pidgeon process which results in a less pure magnesium. The Company’s technology overcomes the inefficiency of current production methods that require large quantities of resources, are time consuming, high-risk, and very labor intensive. MLYF proprietary technology utilizes a continuous silicothermic process to produce (99.8%) pure magnesium. The process begins with mined dolomite (calcium-magnesium carbonate), which is crushed and calcined (thermal decomposition) to make Magnesium Oxide (MgO). The MgO is combined with ferrosilicon, a reductant and a catalyst, and formed into briquettes. The briquettes are fed into the newly designed continuous reactor, where they are heated. This allows the silicon to react with oxygen and reduce the magnesium to metal. The vaporized Mg is collected and removed using a proprietary Mg-recovery system designed specifically for this process as molten Mg. The Company’s uses significantly less energy as nature eliminates the temperature cycles. The company uses electric-powered calciner, heat-recovery systems and a method for recovering CO2 from the calcination step which further reduces the environmental footprint and raises efficiency. 

 

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Western Magnesium Corporation speeds up its production timelines with  completion of reactorWestern Magnesium has recently completed the buildout its magnesium reactor. This is a significant, and much anticipated milestone for the Company, and has accelerated the Company’s internal timeline for the production of magnesium metal.  As we have previously focused on metal production by the end of 2021. Testing will commence within the next 30 days, on its proprietary new reactor. Management is pleased with the progress to date and is excited to commence this next phase. Currently the commercialized pilot plant is undergoing the final build out stage and all necessary equipment and supplies have been finalized and ordered, allowing the operations team to produce an updated baseline schedule.  Management and staff have been working diligently to expedite this testing phase and we are confident that we will be able to commence production with the new timeline.  Ancillary feed equipment has arrived at the facility and has begun operating, allowing the operations team to begin optimizing the feed material composition and size. 

This furnace will be the first of its kind, and a major step towards being able to operate a silicothermic reactor system from open atmosphere to a sealed vacuum space on a continuous basis. This is very disruptive technology with controllable parameters from an efficiency, energy, and environmental standpoint. A continuous internally heated reduction furnace of this nature coupled with the proprietary Western Magnesium condenser will allow for maximum continuous production from pit or stockpile, to magnesium metal, to the end-user in timely manner.  A process that assembly line manufacturers have longed for. 

A third lighter than aluminum, 60% lighter than titanium and 75% lighter than steel, magnesium’s strength and castability has made it an obvious replacement for any component that needs to be lighter and stronger. As the lightest of all structural metals, magnesium metal has been used strategically in key components in automotive, defense and aeronautics since World War II. 

Executive Chairman, Mr. Ed Lee, states “This reactor unit is a significant step forward that will enable the Company to enter the marketplace with its proprietary continuous condenser, and will secure Western Magnesium’s future for decades to come.” Initial metal production will allow management to work closely with end users in the automotive, aerospace, and ecofriendly technology companies and the Department of Defense to assess the amount of metal needed for their assembly line manufacturing, and the form in which they will need the metal. 

Magnesium prices are rising due to tight supplies from China, by far the world’s largest producer of the rare-earth metal, and brisk demand from the auto industry. Magnesium is mainly used in alloys to strengthen aluminum. While demand for magnesium is growing as automakers work to make their cars lighter, it is also expected to be used in new types of batteries for electric vehicles; according to a report from grandviewresearch.com the global metal magnesium market size was valued at USD 3.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% from 2020 to 2027. Increasing die casting requirements in automotive and various structural applications is projected to assist in the growth of the market for metal magnesium. Magnesium is one of the lightest materials and has an excellent strength to weight ratio. It has high thermal and electrical conductivity and the ability to withstand high operating temperatures. Magnesium alloyed with aluminum is used in various applications including vehicle parts, RFI and EMI shielding, electrical housings, and electrical connectors. Magnesium is critical to the manufacture of car seats, batteries, laptops, plane seats, cell phones, power tools, and auto parts. 

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Western Magnesium Corp (OTCMKTS: MLYF) is making a historic rise up the charts in recent months from well under a dime to recent highs near $1 mark. MLYF is quickly emerging as a volume leader in small caps attraction legions of new shareholders including some heavy hitters on the OTC. Currently under heavy accumulation MLYF is moving steadily northbound with many new investors buying in every day. The stock is a powerhouse and continues to move northbound with strength and purpose. The Company is focused on becoming the become world’s low-cost producer of eco-friendly, high-quality magnesium. MLYF has created a proprietary technology which creates a purer form of magnesium in contrast to the Pidgeon process which results in a less pure magnesium. Western Magnesium has just completed the buildout its magnesium reactor. This is a significant, and much anticipated milestone for the Company. Executive Chairman, Mr. Ed Lee, states “This reactor unit is a significant step forward that will enable the Company to enter the marketplace with its proprietary continuous condenser, and will secure Western Magnesium’s future for decades to come.” Initial metal production will allow management to work closely with end users in the automotive, aerospace, and ecofriendly technology companies and the Department of Defense to assess the amount of metal needed for their assembly line manufacturing, and the form in which they will need the metal. Magnesium prices are rising due to tight supplies from China, by far the world’s largest producer of the rare-earth metal, and brisk demand from the auto industry. Magnesium is mainly used in alloys to strengthen aluminum. While demand for magnesium is growing as automakers work to make their cars lighter, it is also expected to be used in new types of batteries for electric vehicles. We will be updating on MLYF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MLYF.

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Disclosure: we hold no position in MLYF either long or short and we have not been compensated for this article.

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