London, UK – 4th December, 2024

Yousef Gorji attended Resourcing Tomorrow 2024, held in London during the first week of December.

The event brought together global stakeholders to discuss the future of mineral resource development, sustainability, and supply chains. Yousef took the opportunity to engage with industry leaders, policymakers, and investors, sharing insights into its mission to develop a sustainable magnesium metal supply chain using a completely unconventional raw feed in the form of seawater derived brine. Magnesium is the 3rd most abundant mineral in seawater after sodium and chloride. By focusing on this source Magmec’s process removes the need for land based mining and the associated issues that come with terrestrial mining such as permitting, or emissions generated from grinding and crushing rock to extract the mineral.

Magnesium, which is considered critical, by governments such as those in the EU and USA, is an essential material for industries such as aerospace, automotive, and high-tech. Magmec’s approach seeks to address the geopolitical dependence on the magnesium metal supply chain, where the world relies on China for approximately 90% of supply by offering an alternative localised source that can be found in coastal regions, or industrial processes such as water desalination, and oil fields.

This all comes at a time where companies are looking at more sustainable materials for their supply chains and carbon regulations set to kick in, such as the EU’s Carbon Border Adjustment Mechanism (CBAM), that targets polluting metal-making industries.

Magmec will be focused on technology development over 2025 and finding new routes to make the magnesium production process cleaner, more efficient and economically viable.

About Magmec
Magmec produces low-carbon magnesium metal from coastal brine sources, including water desalination by-products, turning industrial waste into valuable materials no longer relying on traditional land-based mining.