 Western Magnesium Corporation has announced the closing of the first tranche of its previously announced non-brokered private placement comprised of 1,727,000.00 units for gross proceeds of U431,750.00. The units, to be sold at a price of US0.25 each will consist of one share in the common stock of the company and one share purchase warrant, with each warrant being exercisable to purchase one share of common stock of the company for 12 months at a price of US0.45. 