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Western Magnesium announced it raised $49,400 in an initial filing from an offering of $3 Million

Western Magnesium announced it raised $49,400 in an initial filing from an offering of $3 Million

02/09/23, 10:25 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmcclean
Money raised
$49,400
Industry
information technology
Round Type
pre-seed

Company Info

Company
Western Magnesium
Location
mcclean, virginia, united states
Additional Info
Western Magnesium Corporation is headquartered in the nation’s capital region of the United States of America. The company redomiciled to the United States from Canada in 2019 and will play a significant role in supplying increasing U.S. demand for magnesium metal and alloys. 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 Unlike outdated and costly production processes, Western Magnesium uses a continuous silicothermic process to produce magnesium, which significantly reduces labour and energy costs relative to current methods and processes, while being environmentally friendly.

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