$MLYF Western Magnesium is now a US private company, but will be doing a re-IPO in the future on the Nasdaq or NYSE. The current shareholders still own their shares and will be contacted by the company. Also, the company is now located in North Las Vegas, NV. where the pilot reactor is being reassembled.
$MLYF Decided to let Copilot give its take on MLYF:
Western Magnesium Corporation has faced some significant challenges recently. The company was issued a cease trade order (CTO) by the British Columbia Securities Commission (BCSC) on March 6, 2023, due to its inability to file its audited financial statements for the year ended October 31, 20222. This order remains in place until the company files the required financial documents2.
Additionally, the company has not filed any periodic reports since its Form 10-Q for the period ended July 31, 2022. This lack of financial reporting and the CTO have likely contributed to the inactivity of its stock trading.
Given these circumstances, it appears that Western Magnesium Corporation is facing significant operational and financial difficulties, which raises concerns about its status as a going concern.
--Not a major position holder here, but enough to hope for a return from the dead! Just let the neg float along like driftwood.
$MLYF My thin thread of hope just turned into a possible safety line with the outcome of last night's election. With Trump's promise of once again removing onerous environmental regulation and red tape (like he did in his previous presidency), we might have an opportunity to get up and running!
