 Western Magnesium Corporation announced plans to raise up to US3 million in a non-brokered private placement of units to aid in its strategy of becoming a low-cost producer of magnesium. This private placement demonstrates the tremendous appetite of sophisticated investors who wish to participate in the exciting trajectory of Western Magnesium, and further reinforces the compelling story of domestically produced, environmentally friendly magnesium - an element critical to the security of the United States, CEO Sam Ataya said in a statement. 