Western Mg files interim statements, refiles Form 10

Oct 18, 2021

2021-10-15 17:10 ET – News Release

Mr. Sam Ataya reports

WESTERN MAGNESIUM PROVIDES CORPORATE UPDATE

Western Magnesium Corp. has provided an update on its filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission (the SEC). Due to the multinational nature of the company, the SEC required 2021 Q3 interim financial statements and managements discussion and analysis to be included with the submission. Western Magnesium provided the required information and refiled the Form 10 with the SEC to register its common stock under Section 12 of the Securities Exchange Act of 1934. Once the Form 10 is effective, Western Magnesium will be subject to the reporting requirements of the Exchange Act and will be required to file annual, quarterly and annual proxy statements with the SEC.

Executive president and chief executive officer, Sam Ataya, states, “Management is excited to finalize on the filing of the Form 10 which will provide the required transparency for institutional investors, and also the opportunity for them to participate in future financings, necessary for the strategic buildout of our commercialized plants across the United States.”

About Western Magnesium Corp.

Western Magnesium’s goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and lightweight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labour and energy costs relative to current methods and processes, while being environmentally friendly.

We seek Safe Harbor.

https://westernmagnesium.com/