NEW YORK, NY – TheNewswire – June 2, 2021 – Western Magnesium Corporation (TSXV:WMG; Frankfurt-3WM; OTCQB:MLYF) (“Western Magnesium” or the “Company”) Western Magnesium Corporation, is excited to announce, in conjunction with developments at the commercialized pilot plant, the development, buildout, and completion of our magnesium reactor.
This is a significant, and much anticipated milestone for the Company, and has accelerated our internal timeline for the production of magnesium metal. As we have previously focused on metal production by the end of 2021, Western Magnesium is happy to report that management has revised its timeline for metal production for the purposes of testing, certification, and distribution to the next 90 days. As part of Western Magnesium’s commitment to research and development, management is pleased with efforts to date, especially with the changing timelines and challenges faced during the COVID-19 pandemic.
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.
Executive President & CEO, Mr. Sam Ataya states, “This exciting change in production timeline, will coincide with the opening of our Washington, DC head office, which will better facilitate discussions with end user clients in various industries, to start the process of our metal certification, which will culminate in purchase order agreements.”
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