- Western Magnesium Corp. (WMG) has received 99.83 per cent metal purity results from the first calibration process run of unrefined magnesium metal produced directly from the commercialized pilot plant
- This exceeds the company’s expectation of 99.80 per cent purity and positions it as a front-runner in the production of clean magnesium in the U.S.
- Western Magnesium aims to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight
- Shares of Western Magnesium Corporation (WMG) were trading steady at $0.22 as of 1:05 pm ET
Western Magnesium (WMG) received results from the first calibration process run of unrefined magnesium metal produced from the commercialized pilot plant.
The resulting 99.83 per cent metal purity exceeds the company’s expectation of 99.80 per cent purity. It positions it as a front-runner in the production of clean magnesium in the United States.
Western Magnesium’s Executive Chairman, Edward Lee noted that these samples are unrefined and straight from the reactor, representing an opportunity to produce many different product lines from this critical metal including alloys, whether it be in an ingot or molten form without refining.
The company’s Chief Technology Officer, Paul Sauvé added that achieving metal purity greater than what was expected this early in the optimization phase is an unprecedented achievement and provides the team with confidence that they have exceeded their goals.
Western Magnesium aims to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight. The company 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.
Shares of Western Magnesium Corporation (WMG) were trading steady at $0.22 as of 1:05 pm ET.