Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) revealed that its commercial pilot plant is ready to move into the final stage of continuous metal production.
The Washington DC-based company which aims to be a low-cost producer of magnesium, noted that “all necessary mechanical upgrades” identified during the initial optimization reactor runs have been completed, proving “successful metal processing capabilities.”
Western Magnesium added that the commercial pilot plant will be ready to enter a continuous phase, setting the stage for constant metal production.
READ: Western Magnesium completes definitive agreement with CCMA
In a statement, Western Magnesium Executive Chairman Ed Lee said: “After the successful initial run, we are confident moving into the continuous phase.”
He added: “This is an exciting time as we have been able to show success with initial optimization runs.”
Meanwhile, Western Magnesium CEO Sam Ataya revealed that the company has been in discussions with “multiple end users” about metal production from the commercial pilot plant.
“Due to demand being very high and magnesium metal availability being scarce globally, and particularly in the United States, discussions with the end users have been escalated and we are working with end users to supply magnesium metal from our commercial pilot plant,” added Ataya.
Unlike outdated and costly production processes, Western Magnesium uses a continuous silicothermic process to produce magnesium, which significantly reduces labor and energy costs relative to current methods and processes, while being environmentally friendly.
Significantly, the company works to produce very pure magnesium metal in the US through a highly advanced technological process that continuously removes harmful byproducts before they are released into the environment.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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