UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
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Item 4.01 Changes in Registrant’s Certifying Accountant.
(a) Prior independent registered public accounting firm
On May 20, 2022, the Board of Directors (the “Board”) of Western Magnesium Corporation (the “Company”) accepted and approved the resignation of its independent registered public accounting firm Dale Matheson Carr-Hilton LaBonte LLP (“Dale Matheson”). Dale Matheson audited the Company’s financial statements for the fiscal years ended October 31, 2021 and 2020.
The reports of Dale Matheson on the Company’s financial statements for the fiscal years ended October 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of opinion, nor was either such report qualified or modified as to uncertainty, audit scope, or accounting principles, except that both such reports raised substantial doubts on the Company’s ability to continue as a going concern as a result of its continued losses from operations and accumulated shareholder deficit.
During the Company’s two most recent fiscal years and through the date of resignation, (a) the Company had no disagreements with Dale Matheson on any matter of accounting principles or practices, financial statement disclosure, or auditing scope of procedure which disagreement if not resolved to the satisfaction of Dale Matheson would have caused it to make reference to the subject matter of the disagreement in connection with its reports on the financial statements and (b) there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided Dale Matheson with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission and requested that the firm furnish us with a letter addressed to the Securities and Exchange Commission stating whether they agree with the statements made in this Item 4.01 of the Current Report on Form 8-K, and if not, stating the aspects with which they do not agree. Pursuant to the Company’s request, Dale Matheson has provided the letter filed with this Current Report on Form 8-K as Exhibit 16.1.
(b) New independent registered public accounting firm
On May 20, 2022, the Company’s Board of Directors ratified and approved the engagement of WithumSmith+Brown, PC (“WithumSmith”) as the Company’s independent registered public accounting firm and WithumSmith effective as of May 20, 2022. During the Company’s two most recent fiscal years ended October 31, 2021 and 2020 and from November 1, 2021 through May 19, 2022, neither the Company nor anyone on its behalf consulted WithumSmith regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written report or oral advice was provided to the Company that WithumSmith concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a disagreement or reportable event as defined in Regulation S-K, Item 304(a)(1)(iv) and Item 304(a)(1)(v).
Item 9.01 Financial Statements and Exhibits.
(d) | The following exhibits are filed with this Current Report: |
Exhibit No. | Description | |
16.1 | Letter of Dale Matheson Carr-Hilton LaBonte LLP dated May 18, 2022. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
WESTERN MAGNESIUM CORPORATION | ||
Dated: May 24, 2022 | By: | /s/ Robert Ramsey Hamady |
Robert Ramsey Hamady | ||
Chief Financial Officer |
Exhibit 16.1
May 18, 2022
U.S. Securities and Exchange Commission
Office of the Chief Accountant
100 F Street NE
Washington, D.C. 20549
Re: Western Magnesium Corporation – SEC File No. 000-56323
Commissioners:
We are the former independent accountants for Western Magnesium Corporation (the “Company”). We have been furnished with a copy of the Company’s Form 8-K disclosing our resignation as independent public accountants of the Company which we understand will be filed with the Securities and Exchange Commission, pursuant to Item 4.01(a) of Form 8-K, as part of the Form 8-K of Western Magnesium Corporation.
We confirm our agreement with the statements contained in Item 4.01(a) in such disclosure as it relates to our Firm. We are not in a position to agree or disagree with the statements in such disclosure regarding the appointment of or consultations with new independent accountants by the Company.
Yours very truly,
DALE MATHESON CARR-HILTON LABONTE LLP
CHARTERED PROFESSIONAL ACCOUNTANTS
Vancouver, Canada
Cover |
May 18, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 18, 2022 |
Entity File Number | 000-56323 |
Entity Registrant Name | WESTERN MAGNESIUM CORPORATION |
Entity Central Index Key | 0001801762 |
Entity Tax Identification Number | 61-1934413 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 8180 Greensboro Drive |
Entity Address, Address Line Two | Suite 720 |
Entity Address, City or Town | McLean |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 22102 |
City Area Code | (571) |
Local Phone Number | 378-0762 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | None. |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
Entity Information, Former Legal or Registered Name | Not applicable. |
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