Distributed Control System to be Shipped to Commercial Pilot Plant After Successful Testing Process
While the industrial level DCS and Motor Control Center is not typically required for a pilot plant, WMC chose to implement it at this time. Using this equipment at the Canadian commercial pilot plant will provide the required data to successfully design, build, and operate the future commercial facility in the United States.
Edward Lee, Executive Chairman states, "Using this highly detailed control system guarantees a higher level of confidence for data collection and automated process control as we scale our process for the future commercial production facility in Harrison County, Ohio."
Sam Ataya, Executive President and CEO states, "We are revolutionizing an eco-friendly magnesium metal and alloys process in America. What we have witnessed in this test that our chosen service provider has delivered is a high-quality product that will produce the data required to accelerate the build-out of our future commercial facility."
About Western Magnesium
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 Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labor and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.
Media Relations & Corporate Communications: Ashleigh Barry | abarry@westmagcorp.com | (571) 378-0762
Investor Relations: John Ulmer | julmer@westcorp.com | (604) 423-2709
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic and we may not be able hire and retain skilled employees. The Company undertakes no obligation to update forward?looking information except as required by law. The reader is cautioned not to place undue reliance on forward?looking statements. These forward-looking statements are made as of the date of this news release.
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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