Mr. David Melles reports
WESTERN MAGNESIUM ANNOUNCES DELAY IN FILING OF INTERIM FINANCIAL STATEMENTS DUE TO COVID-19 RELATED DELAYS
Pursuant to the blanket relief granted by the securities regulatory authority or regulator in each province and territory of Canada, as a result of the COVID-19 pandemic,
Western Magnesium Corp. is postponing the filing and delivery, as applicable, of the following continuous disclosure documents of the company:
- The interim financial statements for the six-month period ended April 30, 2020, as required by Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations);
- The interim management's discussion and analysis for the six-month period ended April 30, 2020, as required by Part 5 of NI 51-102;
- The certifications of the interim financial statements for the six-month period ended April 30, 2020, as required by Section 4.1 of National Instrument 52-109 (Certification of Disclosure in Issuers' Annual and Interim Filings).
The company expects to file and deliver, as applicable, the interim filings on or about Aug. 15, 2020, as it is afforded a postponement of up to 45 days pursuant to the blanket relief granted to all market participants under applicable securities law.
As required by B.C. Instrument 51-515, the company's management and other insiders will be subject to a trading blackout period that reflects the principles in Section 9 of National Policy 11-207, until the required interim filings are filed on SEDAR. The company confirms that there is no material information that has not been disclosed by timely press releases.
About Western Magnesium Corp.
Western Magnesium's goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and
Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labour and energy costs relative to current methods and processes, while being environmentally friendly.
We seek Safe Harbor.
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