Western Magnesium Corporation Revenue and Competitors

Western Magnesium Corporation (TSXV: WMG; Frankfurt-M1V; OTCQB: MLYF) is focused on becoming the world's low-cost producer of green, magnesium metal, a strategic commodity prized for strength and light weight. Unlike outdated and costly production processes, Western Magnesium's continuous, silicothermic process produces pure magnesium, while significantly reducing labor and energy costs and generating no toxic byproducts. The company, which recently relocated to the U.S from Vancouver, Canada, is currently evaluating locations to launch its first commercial reactor. When at production, Western Magnesium will play a significant role in supplying U.S. demand for magnesium metal. A third lighter and 20% stronger than aluminum, magnesium is a highly attractive choice in applications where weight, performance and extended lifespans are critical for advanced manufacturing. Currently, nearly 90% of magnesium metal is produced in China and other countries with low labor costs and lax work and environmental standards. Western Magnesium's technology can turn the table with its continuous process that will beat foreign competition on price, quality and environmental responsibility. The company management team is comprised of some of the top magnesium production experts in the world and is partnered with leading professional services such as BDO, Borden Ladner Gervais, McDermott, Will & Emery and Gregory FCA.