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Western Magnesium says its corporate operations have officially moved to Washington DC as it targets US industrial base  

Published: 09:36 30 Nov 2021 EST

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 light weight

Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has announced that its corporate operations have officially relocated from Canada to the United States as it works to rebuild the American industrial base by offering innovative, eco-friendly, and high-quality clean magnesium metal and alloy solutions that focus on American companies and products with a local workforce.

The company said its new headquarters in the Washington DC metro area will focus on expanding the industrial supply of clean magnesium metal produced in the US.

This effort not only accelerates the US economic recovery but also reduces dependency on imported critical components made from magnesium that is vital in strengthening infrastructure and continued GDP growth, Western Magnesium added.

READ: Western Magnesium says to ship Distributed Control System to its pilot plant

“The proximity of our new head office positions us to work closely with industries including auto, aerospace, airline, the US Government, and the Department of Defense,” president and CEO Sam Ataya said.

“We look forward to working closely with our shareholders in Canada and the United States as we continue to build out operations that will place us on the frontlines to become the reliable source for clean magnesium.”

The company said its first full-scale commercial plant will be in Harrison County, Ohio, and leadership is currently working to select future plant locations in the US.

Peter O’Rourke Sr, president of Western Magnesium's US operations, said: “We have a tremendous opportunity to work together with policymakers at the local, state, and Federal level that will help educate and inform decisions on national security and supply chain matters as it relates to clean magnesium production. 

“This will ultimately ensure that we continue to build an America that is safe and prosperous as we unveil a new chapter of American ingenuity.”

Western Magnesium's 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Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labor and energy costs relative to current methods and processes, while being environmentally friendly.

Contact the author at stephen.gunnion@proactiveinvestors.com

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