WASHINGTON, D.C. – TheNewswire – June 7, 2022 – Western Magnesium Company (TSXV:WMG.V) (OTC:MLYF) (Frankfurt-3WM) (“Western Magnesium” or the “Company”) is celebrating unprecedented good results in the output of magnesium metal at its commercial pilot plant. Administration is thrilled that its proprietary ongoing reactor is working as created, protecting focus on temperature and tension even though allowing for for continual feed, discharge, and magnesium production. Achieving silicothermic reduction in a steady reactor is a milestone that has under no circumstances been accomplished globally to date, and the Firm appears ahead to the next steps of demonstration that will take area.
As the holder of proprietary technological know-how that allows for the environmentally safe and sound production of magnesium metal, Western Magnesium has an amazing option to fill the surging demand from customers in the car, aerospace, airline, eco-pleasant industries, and the Section of Protection, essentially answering sector demand from customers that is surging in The us. Magnesium is critical to the generation of aluminum and titanium and a scarcity of the uncooked product could worsen an previously restricted source territory.
Domestic magnesium manufacturing was offshored to China several years back in component due to the fact operational charges in North The usa became extreme and outdated generation methods of extraction proved unsafe to the setting. Western Magnesium’s proprietary engineering and manufacturing approaches will enable the Company to produce 99.8 p.c pure magnesium metallic with in close proximity to-zero environmental outcomes. This will make North The united states considerably less reliant on China for this crucial mineral that will lighten and increase a huge array of civilian and protection products and be an additive in a number of other procedures this sort of as aluminum and titanium.
“The good results of our magnesium production that we are viewing at our professional pilot plant ushers in a new era for Western Magnesium and the United States,” stated Western Magnesium’s Govt Chairman Ed Lee. “I am humbled by the two the management and functions group, and their ongoing travel to obstacle the status quo and acquire this unparalleled technologies. We are nearer than ever to exhibiting how America can operate metal creation operations in an environmentally audio and sustainable way.”
“It’s a thrilling time to be at the forefront of this producing revolution,” explained Western Magnesium’s Government President & CEO Sam Ataya. “We have witnessed the delivery of a new engineering that places us on the cutting edge of showcasing novel options and environment new benchmarks for accountable “green” magnesium production and ending America’s reliance on China for a strategic mineral that we basically have to have to guarantee our national safety. With this achievement, we are maintaining the path to supplying lengthy-time period secure supply to the two domestic and protection sectors in just the United States.”
“These following couple yrs will set America at the forefront of generating a stable supply of magnesium steel and will location Western Magnesium on a path to competing specifically with China as domestic and world desire grows,” said Western Magnesium’s World wide President and Main Functioning Officer Lisa Maxwell.
“It is a genuine honor to be at the helm of this impressive technologies that has been many years in the producing,” mentioned Western Magnesium’s Main Technology Officer Paul Sauve. “We have labored tirelessly to assure the efficacy of this unparalleled technological innovation and strongly believe that that it will eventually meet output desires in an environmentally accountable and ecologically sound way.”
Western Magnesium’s technological innovation which was made in the commercial pilot plant is primarily based on steady silicothermic reduction and a proprietary selection procedure and is internally developed to refine the Company’s generation procedures.
After refined, this scalable engineering will be installed in a new facility in Harrison County, Ohio. The Firm intends to start off building of this full-scale facility next 12 months and will deliver additional than 100,000 metric tons per year. The mega plant will have the capacity to develop 10 percent of the world’s latest provide and will make use of 250 comprehensive-time and 5 hundred support staff in Harrison County. The Firm will be reviewing all steps of the course of action to make sure successful and prosperous undertaking execution and completion.
Determine 1 – Magnesium steel poured at Western Magnesium’s commercialized pilot plant
Figure 2 – Members of the Company’s functions crew
Click Image To Perspective Entire Measurement
About Western Magnesium
Western Magnesium’s aim is to be a very low-price tag producer of inexperienced, main magnesium steel, a strategic commodity prized for its power and light-weight pounds. Unlike outdated, high priced, and very polluting output processes, Western Magnesium intends to use a steady silicothermic method to generate magnesium, which appreciably reduces labor and power costs relative to current methods and procedures, although remaining environmentally helpful.
Media Relations & Company Communications: Ashleigh Barry | [email protected] | (202) 258-4453
Trader Relations: John Ulmer | [email protected] | (604) 423-2709
Harmless Harbor Statement
This news launch contains statements that require anticipations, strategies, or intentions (these types of as those relating to long term company or financial benefits), and other things talked over from time to time in the Company’s Securities and Exchange Commission filings. These statements are ahead-searching and are issue to challenges and uncertainties, so true outcomes may possibly fluctuate materially. You can determine these forward-wanting statements by words this kind of as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other very similar expressions. Our precise success could vary materially from these predicted in these ahead-looking statements as a final result of certain factors not within the command of the Corporation. The Corporation cautions readers not to location undue reliance on any this sort of forward-searching statements, which speak only as of the day built. The Firm disclaims any obligation subsequently to revise any forward-on the lookout statements to mirror occasions or instances following the date of these kinds of statements or to replicate the occurrence of anticipated or unanticipated activities.
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