Replies to post #161 on Western Magnesium Corp. (MLYF)

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its
internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public
accounting firm that prepared or issued its audit report.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No
The aggregate market value of the voting stock and non-voting common equity held by non-affiliates of the registrant, based upon the
closing sale price of the registrant’s common stock on April 30, 2021 was approximately $31,641,937.
As of January 31, 2022, the registrant had 421,871,770 outstanding shares of common stock.
DOCUMENTS INCORPORATED BY REFERENCE

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Our Business
We have developed proprietary magnesium production technology with the aim of becoming a premier low-cost producer of green primary
magnesium metal. We are in the final stages of construction and commencing test production at a research and development pilot plant in
Metropolitan Vancouver, British Columbia, Canada. Our proprietary technology utilizes a continuous silicothermic process that is expected
to produce high grade magnesium with low labor and energy costs while generating minimal toxic by-products.
Plan of Operations
In order to complete construction and commencing testing at our planned research and development pilot plant, the following are the key
milestones that expect to achieve over the next 12 months following the date of this Annual Report on Form 10-K:
1 Complete construction of the plant;
2 Commission the plant and complete final training of operations staff;
3 Commence metal production under various scenarios to ensure sufficient data is collected;
4 Begin the request for proposal process for commercial engineering, procurement and construction management (“EPCM”) firm;
5 Select EPCM firm;
6 Review all pilot data with chosen EPCM firm and validate proposed required operational scenarios; and
7 Begin geotechnical assessments of proposed full-scale magnesium production facility in Harrison County, Ohio.
We estimate that the costs to complete this work will be approximately $8,000,000. We have commenced production in the pilot reactor in
the last calendar quarter of 2021 with full pilot facility operations expected to commence in the second calendar quarter of 2022 after all
safety testing is complete.
Following completion of our magnesium research and development pilot plant, we intend to construct a full-scale magnesium production
facility with expected capacity to produce 100,000 metric tons per year that will be scalable for greater production levels located on 122
acre property located in Harrison County, Ohio. The proposed plant will be adjacent to the future home of a modern mixed fuels power
plant which is expected to provide power to our planned magnesium production plant. The proposed Harrison County, Ohio location is
close to a dolomite supply and has an infrastructure of rail and highway that is capable of transporting our magnesium finished product to
industries across the United States. Our plans will require a significant amount of additional capital

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Intellectual Property—Patents, Trademarks
We regularly seek to protect our intellectual property rights in connection with our production process and methods. We rely on non-disclosure/confidentiality agreements and segregate development and engineering duties among certain members of our development team
to protect our intellectual property rights. To the extent we describe or disclose our proprietary production techniques, we redact or request
redaction of such information prior to public disclosure. Despite these measures, we may be unable to detect the unauthorized use of, or
take appropriate steps to enforce our intellectual property rights. Effective trade secret protection may not be available in every country in
which we offer or intend to produce magnesium or offer our products for sale to the same extent as in the United States. Failure to
adequately protect our intellectual property could impair our ability to compete effectively. Further, enforcing our intellectual property
rights could result in the expenditure of significant financial and managerial resources and may not prove successful. Although we intend to
protect our rights vigorously, there can be no assurance that these measures will be successful. See Item 1A. “Risk Factors” with respect to
intellectual property.
We own the website domain www.westernmagnesium.com and www.westmagcorp.com and social media accounts across certain major
platforms.
We do not have any patents or trademarks nor have we filed any patent or trademark applications in the United States or Canada.

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Employees
As of October 31, 2021, we had 19 employees. We consider our relations with our employees to be good.

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