Tickers: XTSX:WMG, XOTC:MLYF, FRAA:M1V, PINX:MLYF
NEW YORK, NY - TheNewswire - April 28, 2020 - Western Magnesium Corporation (TSXV:WMG) (Frankfurt:M1V) (OTC:MLYF) ("Western Magnesium" or the "Company") board of directors are pleased to announce the appointment of Mr. Karim Alameddine as Corporate Secretary.
Mr. Alameddine previously worked with the Toronto-Dominion Bank (TD), one of the largest banks in Canada. During his time with TD he developed a thorough understanding of the regulatory standards which he utilized in his day-to-day responsibilities throughout his various positions within the organization. The implementation of compliance procedures within TD meant continual training and testing on material information necessary to carry out operational procedures that are held to the highest standard in our banking industry today.
The stringent practices of compliance procedures provided a strong foundation for Mr. Alameddine when it comes to safeguarding and protecting clients, employees, shareholders, and the Company as it moves forward. His skillset enables him to diligently perform tasks that are essential to maintaining the integrity, credibility, and confidence of the position as Corporate Secretary.
At the same time, the board would like to thank Ms. Lisa Maxwell for her commitment, dedication and professionalism as Corporate Secretary as she transitions into her new role of Senior Vice-President, Corporate Development at Western Magnesium.
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 Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labor and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.
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. 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 and we may not be able hire and retain skilled employees. 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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