About Alliance Magnesium
Alliance Magnesium Inc. (“Alliance”) is a privately-owned Canadian company. Alliance has developed and patented a breakthrough technology based on an electrolytic clean-tech approach to the processing of magnesium contained in serpentine rock. Its approach innovates on current methods used worldwide by magnesium producers essentially located in China, using an archaic energy intensive process which is no longer acceptable from an environmental and economic standpoint.
This revolutionary process will bring a worldwide paradigm shift in magnesium production, turning international environmental issues into economic successes
Alliance Magnesium is looking to capitalize on increasing demand for metallic magnesium (Mg) and alloys, especially in the automotive and aerospace industries. These industries face significant challenges in terms of reducing the weight of vehicles and equipment covered by mandatory goals for the reduction of greenhouse gas emissions. “Alliance”plans to produce Mg metal using hydroelectricity as a clean energy source to recover metal from tailings.
Western world automakers and the aerospace industry are adversely affected by high Mg prices in the context of increasing demand and constrained supply from China. In addition, magnesium resources outside of China are becoming amenable to development.
Alliance plans to invest a total of $900 million to build a full-scale magnesium metal production plant with a production capacity of 50,000 tons/year. The project calls for the commissioning of a pre-commercial plant of a maximum production capacity of 18 000 tonnes and a full commercial-sized plant of 50 000 millions tonnes.