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GEM backs Western Magnesium

Western Magnesium Corporation has secured C$210 million (US$150 million) in funding from New York-based GEM Global Yield LLC SCS. The capital will be used to accelerate Western Magnesium’s development of a commercial reactor and the acquisition of plant and equipment key to production. Based in Vancouver, British Columbia and Las Vegas, Western Magnesium is a producer of green, primary magnesium metal.

Source: Press Release