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

Alternate Symbol(s): WHYRF

Metals & Mining Industrial Metals & Minerals

West High Yield (WHY) Resources Ltd is a Canada-based junior mining exploration and development company. The Company is focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions. The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes 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. The known magnesium mineralization is located within two of the mineral claims. The infrastructure for the proposed development of the Record Ridge Property is located on mineral tenures controlled by the Company.

TSXV:WHY - Post by User

West High Yield (W.H.Y) Resources Ltd > $40 billion (USD) in high-grade magnesium

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Post by WildFire77on Aug 17, 2021 6:02pm

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Post# 33721175

$40 billion (USD) in high-grade magnesium

The deposit is an undervalued asset held by the Company, relative to its advanced stage, its resource has been proven up, with $40 billion (USD) in high-grade magnesium.

This is a key part of the message, as the US is currently import-dependent on magnesium, yet there is no substitute for magnesium in many top industries such as steel production. The Company's property contains a potentially inexhaustible resource of magnesium.

This represents a significant disparity in WHY's current share price relative to the value of its asset.

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