Western Magnesium stock | 2026 earnings growth & current analysis

Western Magnesium

TSXV:WMG

C$ 0,11

C$0,00 (0,00%)

0,11 C$

C$0,00 (0,00%)

End-of-day quote: 11/21/2023

Western Magnesium Stock Value

Analysts currently rate TSXV:WMG as sf_Data Unavailable.

Western Magnesium Company Info

EPS Growth 5Y

0,00%

Market Cap

C$0,05 B

Long-Term Debt

C$0,00 B

Short Interest

0,05%

Annual earnings

N/A

Dividend

C$0,00

Dividend Yield

0,00%

Founded

1966

Industry

Energy

Country

United States

ISIN Number

US95855T1025

Website

http://westernmagnesium.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

There are currently no price targets available for this stock.

In the last five quarters, Western Magnesium’s Price Target has risen from C$0,64 to C$0,64 - a 0,00% increase.

Top growth stocks in the energy sector (5Y.)

What does Western Magnesium do?

Western Magnesium Corporation focuses on plant operations and magnesium production. The company continues to move towards the buildout of its pilot plant facility and the development of a full-scale commercial magnesium production facility. The company also owns mining claims for the exploration and development of mineral property interests. The company has developed proprietary magnesium production technology with the aim of becoming a premier low-cost producer of green primary magnesium meta...

Western Magnesium Corporation focuses on plant operations and magnesium production.

The company continues to move towards the buildout of its pilot plant facility and the development of a full-scale commercial magnesium production facility. The company also owns mining claims for the exploration and development of mineral property interests.

The company has developed proprietary magnesium production technology with the aim of becoming a premier low-cost producer of green primary magnesium metal. The company is in the final stages of construction and commencing test production of magnesium at a research and development pilot plant in metropolitan Vancouver, British Columbia, Canada.

The company has commenced test production at this facility in the last calendar quarter of 2021 with full pilot facility operations expected to commence in the second calendar quarter of 2022 after all safety testing is complete. The company’s proprietary technology utilizes a continuous silicothermic process that is expected to produce high grade magnesium with low labor and energy costs while generating minimal waste and toxic by-products.

In addition, the company owns a 100% interest in 81 unpatented lode mining claims totaling approximately 1,673 acres (the ‘Tami Mosi Mining Claim’), four unpatented lode mining claims totaling approximately 10 acres located in the Moor Mining District in Elco County, Nevada; and a 100% interest in three patented mining claims located in the Pinto mining district of Nevada totaling approximately 296 acres (the ‘Silverado Mining Claim’).

Following the completion of the company’s magnesium research and development pilot plant, the company intends to construct a full-scale magnesium production facility with expected capacity to produce 100,000 metric tons per year that will be scalable for greater production levels located on 122 acre property located in Harrison County, Ohio. The proposed plant will be adjacent to the future home of a modern mixed fuels power plant, which is expected to provide power to the company’s planned magnesium production plant. The proposed Harrison County, Ohio location is close to a dolomite supply and has an infrastructure of rail and highway that is capable of transporting the company’s magnesium finished product to industries across the United States.

Tami Mosi Mining Claims

The company holds a 100% interest in 81 unpatented lode mining claims issued by the U.S. Bureau of Land Management totaling approximately 1,637 acres located in White Pine County, Nevada (the ‘Tami Mosi Mining Claims’) and four unpatented lode mining claims totaling approximately 10 acres located in the Moor Mining District, Elco County, Nevada. These mining claims are subject to a 2% net smelter royalty in favor of the prior owner of the claims.

The Tami Mosi Mining Claims are located in the Duck Creek Range, a mountain range located in central Nevada. The area is underlain by more than 10,900 feet of mineral fragments and carbonate rocks, including a geological formation known as the Devonian Guilmette Formation. Bands of dolomite altered from the limestone are characteristic within this formation.

Silverado Mining Claim

The company holds a 100% interest in three patented mining claims located in the Pinto mining district of Nevada totaling approximately 296 acres.

Intellectual Property—Patents and Trademarks

The company owns the website domain www.westernmagnesium.com and www.westmagcorp.com and social media accounts across certain major platforms.

History

The company was incorporated in 1966 under the Company Act (British Columbia) as Ft. Lauderdale Resources Inc. The company changed its name to Amcorp Industries Inc. in 1990 and to Molycor Gold Corporation in 1996. Further, the company changed its name to Nevada Clean Magnesium Inc. in 2012 to Western Magnesium Corporation in 2019.

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Western Magnesium Stock Value

Western Magnesium Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Western Magnesium do?

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Company & Legal

New support ticket

Explore

Western Magnesium Stock Value

Western Magnesium Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Western Magnesium do?

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.