Stephen Thorlakson - Western Magnesium Interim Director
Director
Mr. Stephen Thorlakson is Director of Nevada Clean Magnesium Inc., He brings Nevada Clean a wealth of experience in the construction project management and logistics industry, as well as extensive financial and business management expertise, having worked more than three decades within the financial services industry. As founder and president of the Canadian consulting firm Thorlakson Management Ltd., he has provided guidance, direction and handson management of major industrial and business development projects for clients that have included Canadian Silica Industries, LaPrairie Works Inc. and EhCho Dene Enterprises. From 2006 through 2010, he served as general manager of Surerus Pipeline Inc., where he was responsible for policy research, development and implementation, as well as project estimating and project management, for the industrial pipeline company that has installed over 7, 000 kilometres of pipe through some of Canada toughest terrain since its founding in 1969. From 1980 until 2006, Mr. Thorlakson was a selfemployed chartered financial planner in Fort St. John, B.C., a city for which he served as mayor from 1990 through 2005 and alderman from 1986 through 1990. He began his professional career working at Toronto Dominion Bank as branch manager and senior assistant manager of commercial credit. since 2017.
| Age | 73 |
| Tenure | 7 years |
| Phone | 571 378 0762 |
| Web | https://westernmagnesium.com |
Western Magnesium Management Efficiency
The company has return on total asset (ROA) of (2.4211) % which means that it has lost $2.4211 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (32.3358) %, meaning that it created substantial loss on money invested by shareholders. Western Magnesium's management efficiency ratios could be used to measure how well Western Magnesium manages its routine affairs as well as how well it operates its assets and liabilities.Management Performance
| Return On Equity | -32.34 | |||
| Return On Asset | -2.42 |
Western Magnesium Leadership Team
Elected by the shareholders, the Western Magnesium's board of directors comprises two types of representatives: Western Magnesium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Magnesium's management team and ensure that shareholders' interests are well served. Western Magnesium's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Magnesium's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Brown, Independent Director | ||
| Karim Alameddine, Co Sec | ||
| Stephen Thorlakson, Interim Director | ||
| Paul Sauve, Ex CTO | ||
| Rabih Ataya, Ex Director | ||
| Lisa Maxwell, Corporate Secretary | ||
| Sam Ataya, CEO, Director | ||
| Michael Pickholz, Head Division | ||
| Edward Lee, Executive Chairman of the Board | ||
| Robert Odle, Chief Engineer |
Western Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Western Magnesium a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -32.34 | |||
| Return On Asset | -2.42 | |||
| Current Valuation | 40.37 M | |||
| Shares Outstanding | 451.08 M | |||
| Shares Owned By Insiders | 3.54 % | |||
| Shares Owned By Institutions | 0.06 % | |||
| Price To Book | 46.20 X | |||
| Gross Profit | (515.52 K) | |||
| EBITDA | (23.25 M) | |||
| Net Income | (23.55 M) |
Currently Active Assets on Macroaxis
Other Information on Investing in Western Pink Sheet
Western Magnesium financial ratios help investors to determine whether Western Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Western with respect to the benefits of owning Western Magnesium security.