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

Primary Symbol: V.WHY

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.

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West High Yield (W.H.Y) Resources Ltd > Galaxy website

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Comment by MoneyKon Dec 08, 2021 9:45am

144 Views

Post# 34210062

RE:RE:Galaxy website

The full mine will need around 300M, but usually, a company only needs maybe 30% of that in cash to secure a loan for the remaining.

So the company could probably reward shareholders with nice 1$ dividend per year, while slowly pilling that 30% cashdown.

MoneyK

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