Western Magnesium Corporation - A Technological Breakthrough Western Magnesium
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Western Magnesium Corporation A Technological Breakthrough Engaging in the American Manufacturing Renaissance Western Magnesium
MISSION World class metal technology company committed to delivering excellence with the highest standards of operational and environmental stewardship to deliver meaningful and fulfilling value to all stakeholders. VISION Be the world’s low-cost producer of eco-friendly and high-quality magnesium metal. VALUES Much Cleaner, More Efficient, and More Economical Process Western Magnesium 2
Executive Team Ed Lee Sam Ataya Executive Chairman Executive President & CEO Paul Sauvé Lisa Maxwell Rabih Ataya +50 Years Mining & Metal Experience Senior Vice President Senior Vice President Senior Vice President Technology & Operation Corporate development Strategy +50 Years Pilot & Production Plants Andrea Chan Robert Odle Robert Ingram Knowhow 5 Continents Chief Financial Officer Chief Process Engineer Executive Business Global Business Experience Development Manager 4 Magnesium Karim Alameddine Peter O’Rourke Sr SME & PhD staff +60 Years Corporate Secretary Senior Vice President Magnesium R&D Business Development & Government Affairs Western Magnesium 3
Corporate Summary Main Product Our proprietary technology will make us the premier low- 99.8% Magnesium costing producer of green primary magnesium metal in the world. By-Products Global Landscape Food Grade CO2 Controlled global production (1M mt). Aggregate Di-Cal Limited supply outweighed by high demand. Recovery Heat Batch processing affecting supply. Labor intensive toxic extraction and unsafe working conditions. Monopoly Issues Supply Chain Disruption National & Economical Security Sustainability & Environment North American Job Eradication Western Magnesium 4
Magnesium Highlights Benefits THE METAL 75% For over a century, magnesium metal has been coveted by the industrial Lighter than Steel manufacturing industry. Magnesium is an abundant metal comprising about 2% of the earth’s crust alone. While there are plentiful reserves in America, supply is limited due to 60% a lack of research into faster, more efficient, safer and cleaner magnesium Lighter than Titanium production processes & technologies. THE OPPORTUNITY 33% Lighter than aluminum Our proprietary technology will utilize a continuous silicothermic process to produce magnesium metal achieved with low labor, high automation, & low energy consumption while generating zero toxic by-products and waste. HIGH The heart of our business is a proprietary technology from 10 years of Strength to weight ratio stealth R&D. Our technical team consists of global authorities in magnesium production, research, and academic space. 100% Recyclable Western Magnesium 5
Current Environment CHINA RUSSIA BRASIL ISRAEL USA 85% 3% 2% 2% 6% Environmental Environmental High-Cost Environmental Environmental Impact Impact Process Impact Impact Labor Intensive Domestic Domestic Fixed Scale High-Cost Supplier Supplier Process Outdated Process Fixed Scale Labor Intensive *Balance of 100% global production from small domestic plans in other regions not listed above. Western Magnesium 6
Opportunities Automotive Aviation Energy Military Aerospace Technology Est 10 MT Est 15 MT Est 2 MT Est 10 MT Western Magnesium 7
Process Magnesium 99.8% DOLOMITE REDUCTANT Ingots Granules Molten CO2 DOLOMITE REDUCTION MAGNESUIM Dicalcium PRODUCTION CLEANING Silicate Bulk Bricks FEED MAGNESIUM MAGNESIUM PREPARATION CONDENSATION CASTING PLAY VIDEO Western Magnesium 8
Disruptive Technology 3 Priorities Much More More Cleaner Efficient Economical 3 Innovations * Zero Waste * Small Carbon Footprint * Near Zero Toxicity * Heat Recovery * Highly Productive * Continuous Process * Cheaper Raw Materials * Co-Products Revenues * Very Scalable Western Magnesium 9
Technological Advantages CO2 Continuous Heat Automation Green Verticals Capture Process Recovery Technology Near zero emissions Reduced input power Reduced input power Reduced labor, Working towards zero Continuous by- and co-product and improved yield and improved improved safety and emissions and low products revenues revenue operating efficiency consistent delivery water usage rate Western Magnesium 10
Deliverables Build Pilot Plant Produce Magnesium Become S1 Reporting Test & Certify Mg Metal Gather Market Data Firm Purchase Orders Obtain Project Financing R&D Optimization Production Planning US Up-list Western Magnesium 11
Production Milestones R&D R&D Acquisition Acquisition Funding First Pilot Ramp Up Full Production Pilot Commercialization Funding Site Development Site Development Western Magnesium 12
Summary WESTERN MAGNESIUM Overcomes the Limitations of Current Production Methods through: Continuous Operation Energy Efficiency High End Automation Near Zero Waste & Toxicity Small Environmental Footprint Western Magnesium 13
Safe Harbor statement This document, and certain reports referred to in this document and Investors are cautioned not to assume that all or any part of measured filed on our company’s website and the SEDAR site maintained by the or indicated resources will ever be converted into reserves. Further, Canadian Securities Regulators, have been prepared in accordance with “inferred resources” have a great amount of uncertainty as to their the requirements of securities laws in effect in Canada, which differ existence and as to whether they can be mined legally or economically. from the requirements of securities laws in effect in the United States. It cannot be assumed that all or any part of the “inferred resources” will Without limiting the foregoing, this document and the reports referred ever be upgraded to a higher category. Therefore, investors are also to herein use the terms “indicated” and “inferred” resources. Investors cautioned not to assume that all or any part of the inferred resources are advised that, while such terms are recognized and at times required exist, or that they can be mined legally or economically. Disclosure of by Canadian securities laws, the U.S. Securities and Exchange “contained ounces” is permitted disclosure under Canadian regulations; Commission (the “SEC”) does not recognize them. Under current United however, the SEC only permits issuers to report “resources” as in place States standards, mineralization may not be classified as a “reserve” tonnage and grade without reference to unit measures. Accordingly, unless the determination has been made that the mineralization could information concerning descriptions of mineralization and resources be economically and legally produced or extracted at the time the contained in this document, or in the reports incorporated by reference, reserve determination is made. The Canadian Institute of Mining, may not be comparable to information made public by United States Metallurgy and Petroleum (“CIM”) defines a mineral reserve as the companies subject to the reporting and disclosure requirements of the economically mineable part of a measured or indicated mineral resource SEC. National Instrument 43-101 Standards of Disclosure for Mineral as demonstrated by at least a preliminary feasibility study that includes Projects (“NI 43-101”) is a rule developed by the Canadian Securities adequate information on mining, processing, metallurgical, economic Administrators that establishes standards for all public disclosure an and other relevant factors that demonstrate, at the time of reporting, issuer makes of scientific and technical information concerning mineral that economic extraction can be justified. The terms measured projects. Unless otherwise indicated, all resource estimates contained resource, indicated resource and related terms are also defined by CIM. in this document or the reports referred to herein have been prepared in As we have not done a preliminary feasibility study, we have not accordance with NI 43-101. These standards differ significantly from determined whether any of our properties contains a mineral reserve. the requirements of the SEC, and resource information contained herein Before we can evaluate whether any mineral reserve exists on any of or in the reports referred to herein may not be comparable to similar our properties, we will be required to spend substantial funds on further information disclosed by U.S. companies. drilling and engineering studies. There is a risk that none of our properties contains a mineral reserve. Western Magnesium 14
Capital Structure Share Information Basic Shares : 322,919,527 Fully Diluted : 364,259,169 Stock Symbols John Ulmer Canada : TSXV: WMG Investor Relations USA : OTCQB: MLYF +1.604.423.2709 Germany : FWB: 3WM +1.604.889.2149 julmer@westmagcorp.com http://www.westmagcorp.com/
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