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West High Yield (W.H.Y) Resources Ltd V.WHY

Alternate Symbol(s):  WHYRF

West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions. Its Record Ridge magnesium deposit is situated approximately 10 kilometers (kms) southwest of Rossland, British Columbia and has approximately 10.6 million tons of contained magnesium. The Company retains 100% of the mineral rights to the Record Ridge Property, which consists of 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim totaling 8,972 hectares.


TSXV:WHY - Post by User

Comment by dmacdon Jan 11, 2022 8:35pm
312 Views
Post# 34306305

RE:RE:RE:MG price at 3 month high. Looking for Non Chinese sources

RE:RE:RE:MG price at 3 month high. Looking for Non Chinese sourcesFunds from Alumina might need to come earlier than the permit on hand. Large project PFS and pilot engineering need to remain funded. Gov funding news for the pilot will add $15M of non-dilutive funds to WHY and will show another form of resource validation. No major funds are needed for the mine itself until the permit though pre-work might be needed to avoid mine delays. The mine brings in over $100M/a so that needs to be well managed and timed with the off take. 

Recent mill permit process which almost seems to be written for the WHY pilot plant. The  application will be regional one with 6 to 9 month approval process and will be much simpler than BC MMO / Fed process. It runs a year and could likely be extended if no environmental matters. 

https://www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/exploration/custom_and_pilot_milling_info_bulletin_1.pdf

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