WASHINGTON, Sept. 12, 2022 (GLOBE NEWSWIRE) — Western Magnesium Corporation (WMC) WMG Frankfurt-3WM,MLYF (“Western Magnesium” or the “Company”) announces the appointment of a long-time director Steve Thorlakson with immediate effect as interim CFO.
Mr. Thorlakson has extensive financial and corporate management experience, having worked in the financial services and construction industries for over three decades and having a proven track record of success in construction project management and logistics. He has been a trusted member of the Company’s Board of Directors for nearly a decade.
Between 2016 and 2017, Mr. Thorlakson ably assumed financial responsibility for Western Magnesium as interim CFO. Mr Thorlakson replaces Mr Ramsey Hamady.
The company will begin a formal search process in the coming months to find a permanent replacement.
About western magnesium
Western Magnesium’s goal is to become a cost-effective producer of green, primary magnesium metal, a strategic raw material valued for its strength and light weight. Unlike outdated and costly production processes, Western Magnesium seeks to use a continuous silicothermic process to produce magnesium that significantly reduces labor and energy costs compared to current methods and processes while being environmentally friendly.
Media work and corporate communications
Ashleigh Barry | abarry@westmagcorp.com | (202) 258-4453
Investor Relations
John Ulmer | julmer@westmagcorp.com | (604) 423-2709
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including the Company’s dolomite reserves which may not be exploited due to technical, regulatory, financial or other impediments, the market price for magnesium may make our resources uneconomical and we may not be in the Ability to hire and retain qualified employees. The enterprise…
