Western Magnesium Corporation (V:WMG.H)
Business Focus: Nonferrous Metal Processing
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 8180 Greensboro Drive, Suite 720 MCLEAN VA 22012 |
| Tel: | N/A |
| Website: | https://westernmagnesium.com |
| IR: | See website |
| Key People | ||
| Edward C. Lee Executive Chairman of the Board | Sam Ataya Executive President, Chief Executive Officer, Director | Stephen Thorlakson Interim Chief Financial Officer, Director |
| Paul Sauve Executive Vice President - Operations, Chief Technology Officer | Rabih Ataya Senior Vice President - Strategy, Director | Andrea Chan Chief Controller |
| Business Overview |
| Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense. |
| Financial Overview |
| For the nine months ended 31 July 2022, Western Magnesium Corp revenues was not reported. Net loss increased from $6.3M to $15.1M. Higher net loss reflects Change in fair value of derivative liabi increase from $790K to $6.7M (expense), Legal and professional fees increase from $545K to $1.9M (expense), Salaries and benefits increase of 54% to $3.3M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $50.23M as of Jul 31, 2022 |
| Annual revenue (TTM): | $0.00M as of Jul 31, 2022 |
| EBITDA (TTM): | -$27.99M as of Jul 31, 2022 |
| Net annual income (TTM): | -$44.38M as of Jul 31, 2022 |
| Free cash flow (TTM): | -$15.02M as of Jul 31, 2022 |
| Net Debt Last Fiscal Year: | $3.28M as of Jul 31, 2022 |
| Shares outstanding: | 457,000,000 as of Jan 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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