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West High Yield (W.H.Y) Resources Ltd WHYRF


Primary Symbol: V.WHY

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

Comment by whatisWHYYon Dec 03, 2021 1:49pm
109 Views
Post# 34195853

RE:RE:confirmation

RE:RE:confirmationThanks dmacd!
I'mm not completely familiar with some of the specifics, so thats why I was looking for clarification.
I see in the MDA that "the Company advises that SRK has completed the additional information and requested work as of November 16th, 2021" which is probably what initiated the stock price increase, as it hit 1.04 on nov 16th, and was .25 one month before that.

In the company's May 18 news release they said "The Company is currently in the third and final review stage mandated by the Ministry, such stage expected to require six to nine months to be completed and to obtain Ministry approval."

and the MDA says "It is projected that the updated Permit Application will be submitted by the Company to the Ministries in early December 2021."

so my question is, is the May 18th new release projection that they will have Approval 6-9 months after May 18th inaccurate" This indicates approval sometime in the next 0-3 months from right now. Dmacd you indicate that you believe 4-6 months after submission for approval. And submission should be "early dec 2021" as per the MDA.

what is a more accurate timeline? and was the May 18th 2021 inaccurate when they said 6-9 months for approval?

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