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Western Magnesium Corp

Discussion in 'Penny Stocks' started by WMG, Jul 18, 2019.

  1. WMG

    WMG New Member

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    Buy...Buy...Buy... MLYF

    We have watched as the companies stock has climbed over the last few months with press releases that support their climb.

    Western Magnesium has gotten EPA approval on a new furnace design that allows them to process Magnesium without any toxic byproduct like previous methods.

    Upon completed purchase of a previous magnesium plant in Washington state, their furnace will be operational. Upon start up they will be producing 12 times the world's current production with minimal labor cost.

    Based on news releases they are partnering with national companies for accounting, advertising, financing, and legal services.

    Based on projections I'm seeing they should be gaining as they finalize their infrastructure.

    www.WestMagCorp.com
     
  2. WMG

    WMG New Member

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    I wanted to share a little history and saw press in the mainstream media that makes this company desirable.

    Nevada Clean Magnesium (now Western Magnesium Corp) consisted of a mining property located in Nevada and a team of engineers. Over the last 10 years they were working on a new furnace design that allows for environmentally safe extraction of magnesium. Over the past year they finally completed that design and delivered proof of concept. Not only did they deliver proof of concept but they have gotten EPA approval to have the first new magnesium production facility in decades. The design is so environmentally friendly that the EPA offer to buy the design.

    The CEO has been tasked with bringing this company to commercial production and they are on their way. They have secured billions in funding from an investment banking firm and hired the best law firms and media companies in the nation. Currently they are finishing the construction of 1 of 2 furnaces going online with the next year. At maximum production each furnace will produce 12million metric tons of raw magnesium annually. Current WORLD production is only 1 million metric tons annually with 90% being produced in China due to previous high labor cost.

    They have secured a previous magnesium plant in Washington which already has stock piled material and infrastructure in place to expedite production where this furnace is being constructed at. Once completed and production is started the company plans to go IPO on the NASDAQ. Currently they are trading on the TSX because they were a Canadian Company while they completed their RandD.

    They recently completed their Delaware Corporation under their new name Western Magnesium Corp and working on all their legal requirements to gear towards NASDAQ in the next 2-6 months.

    Today in the News you saw the Trump Administration reversed the MPG requirements for auto manufacturers. If you read the article, notice how Ford and Toyota are going to continue with their plan to meet the requirements. That is because back in October they signed purchase agreements for magnesium coming from this company. Ford has already conducted tests and can meet the requirements if they utilize magnesium to lighten their vehicles and make them stronger at the same time. Ford has said their Magnesium requirements would be 15 million metric tons per year once the switch is made and that doesn't even factor in Toyota. Boeing and a few other companies are currently testing with lighter magnesium with samples provided by Western Magnesium.

    What this means is there will be massive demands and the current modern processes done by China won't meet the requirements and not to mention how tariffs and trade wars would stop production of our automobiles. With the new furnace Western Magnesium can supply enough magnesium to meet demands and revolutionize the market.

    We have seen slow and steady gains as small parts of media are seeping out. This is definitely a buy and hold long term. Once they go IPO they should be upwards of $4-7 per share with $25 per share in sight as furnace 2 goes online. If you read their press releases you can verify parts of this and see writing on the wall.

    I am a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are opportunities.
     
    #2 WMG, Jul 25, 2019
    Last edited: Jul 25, 2019
  3. WMG

    WMG New Member

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    Be on the look out for an upcoming press release. I've heard from a few people that the company is gathering for their next private placement round. That is from friends of mine that missed the first round and have been waiting two months for the company to gather the next round.

    Since March I've seen a 400% gain in my stock. They are artificially being held down by a person in Canada shorting the stock. We should start to see another jump soon if the private placement is higher than the current stock price.
     
    #3 WMG, Aug 9, 2019
    Last edited: Aug 9, 2019
  4. Lonnie Ray

    Lonnie Ray Active Member

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    Insider trading? How would one get up front information on a PR?
     
  5. WMG

    WMG New Member

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    If you read this press release carefully you will notice the reference to a private placement. Like I have mentioned before, people have been receiving phones calls and meetings are being scheduled.

    "Under the terms of the investment banking agreement, Moody Capital will be working with the Company in connection to a proposed private placement of possible equity and/or debt securities of the Company for the purposes of helping the Company achieve its business goals."

    With all the recent press releases and the major firms coming on board this company is building something massive. They have even been slowly leaking videos about their plant and design. Seems like their media firm is getting ready to drop a bomb shell. Don't be a should have, get in now. I've already made over 400% gains in the last 4 months.





    Western Magnesium Signs Investment Banking Agreement with Moody Capital
    9:03 AM ET 8/20/19 | Dow Jones
    Western Magnesium Signs Investment Banking Agreement with Moody Capital

    August 20, 2019 -- (Western Magnesium Corporation) --

    (TheNewswire)NEW YORK, NY - TheNewswire - August 20, 2019 -Western Magnesium Corporation (TSXV:WMG)(Frankfurt:M1V)(OTC:MLYF) (the "Company" or "Western Magnesium") is pleased to announce it has retained Moody Capital ("Moody"), a full-service securities brokerage and investment banking firm, as placement agent to assist Western Magnesium in a capital raise to help fund the Company's aggressive growth strategy.

    Sam Ataya, CEO of Western Magnesium stated, "We are pleased with this Agreement and that Moody Capital shares our vision of how Western Magnesium can become the world's foremost producer of low-cost, green magnesium metal. This additional capital will enable us to invest in the resources needed to strengthen our organization as we prepare for commercialization of this strategic commodity."

    Robert Rosenstein, President and CEO of Moody Capital, who has been actively involved in the sourcing, structuring, placing and closing of numerous financing transactions valued at over $500 million, said, "Ataya and his team at Western Magnesium are setting the pace for the resurgence of responsible, sustainable manufacturing in the United States. We are proud to represent Western Magnesium in helping finance their vision through a strong capital markets transaction."

    Under the terms of the investment banking agreement, Moody Capital will be working with the Company in connection to a proposed private placement of possible equity and/or debt securities of the Company for the purposes of helping the Company achieve its business goals. Any securities issued under the Investment Agreement will be subject to the acceptance of the TSX Venture Exchange, and the securities issued will be subject to the customary hold periods under applicable securities laws.

    In summarizing the transaction, Ataya added, "To move Western Magnesium into the next growth phase, we are focused on an effective capital raise, and Moody's deep appreciation for our technology and their commitment to ensuring a successful raise makes them an ideal member of our team."

    About Moody Capital

    Moody Capital's Investment Banking group is focused on developing long-term relationships with senior management teams and significant stakeholders of micro-cap and small-cap market companies. The Investment Banking group seeks to deliver value-added solutions with a focus on the needs of its clients. The firm has key relationships with a large number of hedge funds, institutional investors and other investment managers who are active in investing in small and micro-cap opportunities.

    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 lightweight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce pure magnesium, which significantly reduces labor and energy costs relative to current methods and processes, while being environmentally friendly. Company ContactJohn [email protected]778-994-6453Media ContactAlexandra [email protected]610-228-2075

    Forward-Looking Statements

    Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include that we will conduct and close a private placement and that we can become a a major U.S. producer and distributor of primary, high grade, low cost magnesium metal. 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, we may not be able hire and retain skilled employees, and other risks associated with being a mineral exploration and development company. We may not be able to close with interested investors on our intended private placement because of perceived risks or market conditions. 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.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For additional information please visit our website at

    http://www.westmagcorp.com or view our profile on SEDAR

    Copyright (c) 2019 TheNewswire - All rights reserved.

    > Dow Jones Newswires

    August 20, 2019 09:03 ET (13:03 GMT)
     
  6. WMG

    WMG New Member

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    The time has finally come. After months of dealing with an inside trader out of Canada, they were finally busted and earlier this week we saw our stock drop as that person was forced to liquidate everything they had. Based on my tally they were moving about 250,000 shares. This is all great news as Western Mag has some important events scheduled for next week.

    In a recent press release they announced the RHL Capital Conference. After that conference the market should start to find out what Western Mag has planned and how they are going to make such a massive climb. That conference is the go to even to get your name into the market.

    In another press release they announced a new Chief Process Engineer Robert Odle. After doing research on him he was on record saying he meet with "2 rich guys in Vancouver who were just in Washington DC meeting with the Trump Administration and the Military" and signed a 5 year contract to bring their plant online in Washington. That's the same property they have mentioned in previous press releases.

    Research and research. I have spent roughly 200+ hours doing research on all this. Yes I own stock in this company and with all the research I have done they are making massive moves. At this point I wouldn't have bought roughly 1.1million shares if I didn't believe in it. At this point I have turned $35,000 into roughly $140,000 to date. At some point in the next year they will be going IPO and I'm looking forward to $5-7 per share.

    Follow the press releases, connect the companies involved, follow the executives public social media. At some point you will see what I'm seeing.
     
  7. WMG

    WMG New Member

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    If anyone would like more information, the previous press release mentioned a conference with a link to watch live as it happens.

    Http://wsw.com/webcast/rhk/mlyf/

    It goes live at 1pm est or 10am pst. That's 20 minutes from now.
     
  8. WMG

    WMG New Member

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    Read this press release carefully. Based on the press release they already completed this private placement with a private investment firm. If a investment firm is willing to pay these prices per share on a $5 million that shows exactly what the market should be at. Based on this I see the market price should be around $.30-.40 per share to warrant a company signing a $5 mil placement at $.25 with warrants at $.42.

    My speculation is this should be to fund the purchase of the property in Washington where their plant will be located that the company announced last month.





    Western Magnesium Announces US$5 Million Non-Brokered Private Placement with a Private U.S. Investment Firm
    9:03 AM ET 9/12/19 | Dow Jones
    Western Magnesium Announces US$5 Million Non-Brokered Private Placement with a Private U.S. Investment Firm

    September 12, 2019 -- (Western Magnesium Corporation) --

    (TheNewswire)NEW YORK, NY -TheNewswire - September 12, 2019 -Western Magnesium Corporation (TSXV:WMG)(Frankfurt-M1V)(OTCQB:MLYF) ("Western Magnesium" or the "Company") announces a non-brokered private placement with a U.S. based private investment firm. The private placement will provide the Company with US$5 Million to finance the Company's growth strategy and ongoing operations.

    Sam Ataya, CEO of Western Magnesium stated, "We are pleased with this arrangement and that our partner shares our vision for the future of magnesium production and the overarching growth of Western Magnesium--to become the world's foremost producer of low-cost, green magnesium metal." Ataya continued, "This capital will enable us to invest in the resources needed to strengthen our organization as we prepare for commercialization of this strategic commodity."

    The investment is being done at a premium to the current market price of the Company's publicly-traded shares, showing their extreme confidence in the Company, its strategy and management team. The private placement will consist of one common stock at US$0.25 in the capital of Western Magnesium and one share purchase warrant at US$0.42 for a period of two years.

    The Offering is subject to TSX Venture Exchange ("TSXV") final approval.

    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. Company ContactJohn [email protected]778-994-6453Media ContactKatie [email protected]610-228-2128

    Forward-Looking Statements

    Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements in this news release include the Company's vision of how Western Magnesium can become the world's foremost producer of low-cost, green magnesium metal; the intended use of proceeds raised; the intention to, and benefits of, using a continuous silicothermic process to produce magnesium; the terms, pricing and number of Units issued, and the acceptance of the TSX Venture Exchange of each tranche of Units. 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, we may not be able hire and retain skilled employees, we may not receive the acceptance of the TSX Venture Exchange for one or more tranches of Units, we may not be able to close a tranche of Units because of market conditions and other risks associated with being a mineral exploration and development company. 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.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For additional information please visit our website at

    http://www.westmagcorp.com or view our profile on SEDAR

    Copyright (c) 2019 TheNewswire - All rights reserved.

    > Dow Jones Newswires

    September 12, 2019 09:03 ET (13:03 GMT)
     
    #8 WMG, Sep 12, 2019
    Last edited: Sep 12, 2019
  9. TheJames311

    TheJames311 New Member

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    IPO is gonna be $4-$7 a share?

    I thought it was already out on the stock market. How can their be an additional IPO? I thought it’s IPO was like 4 cents a share?
     
  10. TheJames311

    TheJames311 New Member

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    Also,
    Do you know how much debt this company is in? YahooFinance doesn’t have that info listed..
     
  11. WMG

    WMG New Member

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    Hey James,

    They are a publicly traded company in Canada. They became a US domiciled company back in May. When they have everything in place they will remove their shares from the Canadian exchange and have an IPO on the NASDAQ. The minimum entry point for NASDAQ as we all know has a $4 minimum entry.
     
  12. TheJames311

    TheJames311 New Member

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    So if I currently buy MLYF stock at 15 cents a share, it’ll go up to $4 a share for sure?

    Also do you know when the plan is to move to the NASDAQ?
     
  13. TheJames311

    TheJames311 New Member

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    I won’t lose my money/investments in the company once they go from the Canadian Stock Market to the NASDAQ?
     
  14. WMG

    WMG New Member

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    James,

    Let me start by saying I can't tell you to buy or guarantee your returns. I will say that I have over 400+ hours of due diligence researching this company and stock. I can also say I didn't position myself with 1,100,000 shares and still bought more today for nothing.

    Here is what I know. They became US domicile. They can be a Canadian Company and trade on OTC market forever but once they became a US Company they have to remove themselves from the Canadian markets at some point. I found the public record showing they have been granted a temporary extension to move off the TSX.

    The CEO has publicly said they plan to produce 1 million metric tons of Magnesium per month totaling 12 mil per year. Based on current pricing that should put their annual Income of around $250 mil per year. They have expressed interest in Buying a magnesium plant in Addy Washington. I saw an article that says all the environmental reports have been completed which tells me it is probably in Escrow at this point.

    I don't know what their time table is for starting production but they said its a simple retrofit of an existing plant. In my head that might mean probably this time next year they will start production. If they start production next year at this time I'm sure they will wait for 1 quarter of production to launch IPO. Based on what I know of the market they would probably launch IPO in Feb or March like every other IPO. That's probably around Feb. 2021 That doesn't mean they will be at market minimum but that means it will be at least the $4 because of market requirements.

    Like I have said, you should do your own due diligence. I follow the companies Executives on social media, one has a pod cast, etc. Its amazing the small minor details people give up in their day to day lives. With that said, I've positioned myself long term for dividends and long term payout based on what I've found.
     
  15. WMG

    WMG New Member

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