Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) said it plans to expand its operations in the Western United States with the buildout of an initial 25,000 metric tonne commercial plant and a Research and Development Centre in Nevada.
The company said in a statement that Nevada was chosen as the future plant site for its West Coast operations after careful consideration and analysis of different sites within other Western US states.
“Nevada is an ideal location due to its dry arid climate for the securing and stockpiling of magnesium metal ingot as identified in the US Government critical metals supply list which aligns with our plans for the development of our own resource at the Tami Mosi site in Ely, Nevada,” Western Magnesium said in a statement.
READ: Western Magnesium says testing period at commercial pilot plant gives it “greater confidence”
“Nevada’s favourable tax environment coupled with its expedited licensing and approval process makes it an ideal location for our expansion on the West Coast.”
The company also noted the state’s educated workforce, expanding infrastructure, competitive utility rates for commercial operations, an abundance of economic commercial real estate, and location a one-day drive from five major US ports serving the Pacific Rim.
Further, Western Magnesium said it will be relocating its West Coast head office to Nevada to manage an expedited timeline for the Research and Development facility and the buildout of the company’s initial 25,000 metric tonne commercial plant.
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.
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