Western Magnesium Corporation (MLYF)
Western Magnesium Corporation operates in the Industrial Materials industry of the Basic Materials sector, headquartered in McLean, VA, US. The stock last traded at $0.00, up 900.00% on the session, giving a market capitalisation of $374.4M. Its beta of 0.54 implies it has historically moved less than the broad market.
Western Magnesium Corporation concentrates on the discovery and advancement of mineral resources throughout the United States, with a particular emphasis on magnesium reserves. The company holds complete ownership of several key mining assets. These include the Tami Mosi claim, an aggregate of 81 unpatented claims spanning approximately 1,673 acres, along with four additional unpatented lode claims covering around 10 acres, all situated within the Moor Mining District in Elko County, Nevada. Additionally, it possesses the Silverado claim, which consists of three patented mining claims encompassing roughly 296 acres in Nevada's Pinto mining district. Established in 1966, the organization was initially known as Nevada Clean Magnesium Inc. before officially rebranding as Western Magnesium Corporation in May 2019. Its headquarters are located in McLean, United States.
Western Magnesium Corporation is most often compared with the following Basic Materials names: