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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 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 dmacdon Dec 15, 2021 11:37am
223 Views
Post# 34232955

RE:RE:RE:RE:RE:RE:RE:RE:Galaxy website

RE:RE:RE:RE:RE:RE:RE:RE:Galaxy websiteMagnesium attempts from 20 and 30 years ago were ill fated, and perhaps too visionary at the time. However, the shift to green and away from China are massive currents that will not go away. Hence, magnesium is a massive untapped market that will grow alongside aluminum as steel becomes less viable due to carbon costs for mobile equipment which consume energy. Very little steel will be in new vehicles (cars, trucks, motorcycles) within 10 years, and they will be so much safer and more efficient due to less weight. There are risks associated with developing new technologies so being well funded and opportunistic to allow for some issues would be prudent. These are decisions for the commercial plant, and the key will be to have a very flexible or modifiable pilot and process. Shoot for the fences but have a robust back up plan. I think selling raw ore gives WHY that buffer. It can build out the pilot and use the funds to develop its own technology and potentially buy out lesser funded bolt-ons for downstream products. It will also be able to hire away the top talent since everyone will want to flock to beautiful Rossland BC and work for an upstart. 
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