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Western Magnesium launches Business Development and Government Affairs division to lead discussions with public and private sector

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Western Magnesium Corporation (CVE:WMG) has announced the launch of a new division to lead formal sales and regulatory engagements with the public and private sector.

The mineral company said its new Business Development and Government Affairs division will be led by Washington DC veteran and current Western Magnesium board member Peter O’Rourke.

In a statement, Western Magnesium told shareholders that O’Rourke – who previously served as the acting secretary of the department of veterans affairs for the US government – is “uniquely qualified” to lead the division.

READ: Western Magnesium updates on ongoing progress of pilot plant construction

O’Rourke will open a corporate head office in Washington DC and create a management team to focus specifically on developing a marketing and government engagement strategy.

New York City-based Western Magnesium told investors that the development comes at a “timely point” in the firm’s business cycle as it continues to build out its first facility.

A key part of the division’s mandate is to focus on creating opportunities for Western Magnesium to build production facilities in strategic US states, in partnership with the US Department of Defense, it added.

Western Magnesium aims to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and lightweight. The firm is planning 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. 

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors


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