NEW YORK, NY - TheNewswire - April 22, 2021 - Western Magnesium Corporation (TSXV:WMG) (Frankfurt:3WM) (OTC:MLYF) (“Western Magnesium” or the “Company”) is pleased to announce the launch of its new Business Development and Government Affairs Division (“BDGA”). Leading this department is Peter O’Rourke, Senior Vice President Business Development and Government Affairs whose past experience in Washington, DC makes him uniquely qualified to run this division.
Mr. O’Rourke was the Acting Secretary of the Department of Veterans Affairs for the US government. He began his service with the VA as Senior Advisor to the Secretary then was selected to establish the new Office of Accountability and Whistleblower Protection and be its first Executive Director. Prior to being appointed as the Acting Secretary he was named as the Department’s Chief of Staff. As the past Director for Business Development for Accenture Federal Services located in Washington, DC he led the development and execution of global strategic and operational business development activities for new acquisitions and has held several other senior business development and government relations roles. As the founder and managing partner of TCI Partners LLC he has provided specialized services in the areas of Federal and State Government relations, Healthcare and Aerospace industries.
Mr. O’Rourke will open our corporate head office in Washington, DC and establish a management team focused on the implementation of business development and government affairs strategies. This development comes at a timely point within the Company’s business cycle as we continue to build out our first facility.
This division will lead the process of formally engaging with companies in various industries such as automotive, aerospace, eco-friendly technology companies, the US Government and the Department of Defense, who all have a vested interest in the production of magnesium metal. The BDGA Division will move our strategic initiatives forward, engage key leaders and stakeholders in the Department of Defense, key state government leaders, and defense industry stakeholders. The current constraints affecting the expanded use and development of magnesium metal in these sectors will require discussion between different industry and government leaders. Part of the division’s mandate is to focus on creating opportunities for Western Magnesium to build production facilities in key US States, in partnership with the US DoD.
Mr. Sam Ataya, Executive President & CEO says, "I look forward to the opening of our new corporate head office in Washington, DC, working directly with Mr. O'Rourke and utilizing his vast experience to implement our Company’s strategic plan."
About Western Magnesium
Western Magnesium's goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce magnesium, which significantly reduces labor and energy costs relative to current methods and processes, while being environmentally friendly.
Company Contact: John Ulmer | julmer@westmagcorp.com | 604-423-2709
Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those currently anticipated due to a number of factors, including the Company's dolomite reserves may not be mined because of technical, regulatory, financing or other obstacles, the market price for magnesium may make our resources uneconomic and we may not be able hire and retain skilled employees. The Company undertakes no obligation to update forward‐looking information except as required by law. The reader is cautioned not to place undue reliance on forward‐looking statements. These forward-looking statements are made as of the date of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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