Magnesium Production Western Magnesium Enters into Letter of Intent with U.S. National Preferred Dolomite Supplier
Western Magnesium Corporation has announced that it has signed a "Letter of Intent" with The Shelly Company to supply high-quality dolomite to WMC at any location in the contiguous United States of America to produce magnesium metal..
Shelly Co. is part of CRH, which is a big aggregates producer in North America making them an excellent partner for Western Magnesium by securing their ideal feed source for the future. The Shelly Company has provided a 20-tonne dolomite sample to Western Magnesium to feed the commercial pilot plant. This will provide all the necessary data to move forward to an eventual definitive agreement.
The "Letter of Intent" outlines the principal terms for a potential definitive agreement which will be developed between the two companies.
Edward Lee, Executive Chairman stated, “We are confident that with a long-term supply of high-quality dolomite we will achieve Western Magnesium’s near and long-term magnesium metal production goals. Our continued progress toward establishing a reliable, sustainable, and clean supply of magnesium metal will support industry and the environment.”
Sam Ataya, Executive President and CEO stated, “Western Magnesium identifies as an industrial technology company. Although we have the ability to mine our own supply of dolomite from the Tami Mosi site, it is advantageous to secure a supply chain across the United States that a great company such as The Shelly Company can provide to us while we maintain our focus on our technology buildout.”