WHY.V 0.245 ▲ 6.5217% Volume: 194602 Day Range: 0.24 - 0.255 Last Updated: 2024-11-20 23:15
West High Yield Resources’ headquarters are located in Calgary, Alberta at the following address: Box 68121, Calgary, Alberta, T3G 3N8. Our telephone number is 403-283-5555.
You can see the expert members of West High Yield Resources’ Board of Directors here.
West High Yield Resources’ veteran senior management team can be seen here.
West High Yield’s objective is to bring into production one of the world’s largest, greenest deposits of high-grade magnesium. We have contained 10.6 million tonnes of magnesium (inside of our 7.5 sq/km out-crop discovery) based on our preliminary economic assessment, done by SRK Consulting engineers of Denver Colorado. West High Yield Resources owns 100% of 8,972 square contiguous hectares which will support open-pit mine and processing facilities. We have the full infrastructure in place including roads, highways, nearby rail, electrical power, water, and natural gas. We are 2 miles north of the U.S. Border with supporting industries and rail hub and seaport nearby.
West High Yield Resources is a publicly traded company that is listed on the TSX Venture Exchange under the symbol “WHY.” To learn more about investing in West High Yield Resources, please visit our Investor Centre.
KPMG (Calgary, Alberta, Canada)
An experienced firm well versed in the mining business
You can see information on West High Yield Resources’ Record Ridge Project here.
An updated Prefeasibility Study for Record Ridge Magnesia Production Plant can be found here.
Once the proper mining permits have been secured.
Prefeasibility studies investigate whether a concept satisfies the client’s objectives and the technical, economic, social and environmental constraints for a particular project.
A PFS is the broad stroke initial step toward creating a Feasibility Study, a comprehensive technical and economic study of the selected development option for a mineral project that includes appropriately detailed assessments of applicable Modifying Factors* together with any other relevant operational factors and detailed financial analysis that are necessary to demonstrate, at the time of reporting, that extraction is reasonably justified (economically mineable)
Prefeasibility study estimates are typically within 20 to 30 percent accuracy while feasibility study estimates are expected to be within 10 to 20 percent accuracy.
* Modifying Factors are considerations used to convert Mineral Resources to Mineral Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors.
Magnesium is found in all the body’s tissues, particularly in the bones, muscles and brain.
In fact, many bodily processes simply can’t occur without it, including energy production, chemical pumps and membrane stabilization. Over 300 enzymes require the presence of magnesium ions for their catalytic action!
The list of medical conditions caused by lack of magnesium is so big that there are over 3,500 medical references on magnesium deficiency.
It is an over-the-counter mineral effective as treatment for countless diseases and disorders. And yet magnesium is also used by emergency room physicians intravenously in critical care situations in the ER for many critical care issues such as arrhythmia, constipation, seizures, heart failure, high blood pressure during pregnancy and more.
A magnesium deficiency has been linked to many body illnesses including:
According to the national institutes of health (nIh), the recommended dietary allowances (RdAs) for adult males is 400-420 mg; adult females is 310-320 mg; for pregnant females 350-360 mg daily; and for breastfeeding females, 310320 mg.
Magnesium wallboards are fireproof, smokeproof, waterproof, mold, mildew and termite proof. The below graphic illustrates the advantages:
Magnesium cement is incredibly durable, impervious to the weather and was used as mortar by the Romans, in the great wall of China, to build stupas in India, to protect wood structures like the forbidden City, and in 800 year old timber buildings in Europe.
What’s more, magnesium cement is carbon neutral, whereas Portland cement is very carbon intensive. The rule of thumb is that for every tonne of cement you make, one tonne of CO2 is produced, making it one of the dirtiest industrial processes on the planet!
New magnesium cement technologies have the potential to completely reverse that trend. for example, a California-based company called Calera has developed a process that uses magnesium, calcium and CO2—about half a tonne of CO2 per tonne of cement produced.
To sum this up in specs: Magnesium cement can withstand 9,000 PSI – 45,000 PSI pressure, lasts 2,000 to 5,000 years and absorbs CO2 emissions as it sets.
Currently, lithium-ion batteries are the undisputed king of the battery world, but many experts expect magnesium-ion batteries to steal that crown in the near future.
The primary issues with lithium-based batteries are price, efficiency and safety. That is to say, they’re relatively expensive to make, don’t store power all that well and have a tendency to explode. Magnesium, on the other hand, is far more plentiful (making it cheaper) and energy dense than lithium.
What sets a Mg-ion battery apart from its li-ion counterpart is that the electrolyte is solid, not liquid like we find in batteries nowadays. This means that the batteries will be far safer because they will not catch fire like li-ion batteries are known to.
More upsides…
Another upside of the Mg-ion battery is that its capacity would be double that of a Li ion battery. for the rest of us, that means smaller, longer lasting electronic devices and electric cars that travel farther on a charge and are safer to drive.
Magnesium ingots are the lightest and strongest based on weight to density ratio. They are 75% lighter than steel, 60% lighter than titanium and 33% lighter than aluminum, all of which results in lower CO2 emissions in all uses.
The largest market for magnesium metal is aluminum alloying and die casting, comprising two thirds of magnesium metal use. Primary industry is automotive.
The forecast is for growth, especially in automotive…
According to GM, there is a 7 percent improvement in fuel economy for every 330 pounds reduction in a vehicle’s weight. That is why manufacturers have a mandate to make cars lighter and more fuel efficient.
Growth expectations vary depending on source. Projection is for huge growth.
Aircraft, Defence, Consumer Goods
All this lower weight and durability means that magnesium is ideal for the technological age.
No surprise then that more and more electronics manufacturers are using new lightweight magnesium alloys for their products. For example, did you know that Samsung has actually patented a new alloy called Metal 12, named so because Mg happens to be the 12th element in the periodic table?
Magnesium alloys could save one airline more than $200 million!
Finding a safe compromise between low weight and high strength is critical when creating an aircraft.
Surprisingly, even the weight of the seats on an aircraft can make a huge difference in operating costs. One research scientist used 3d printing technology and magnesium metal to design a new aircraft seat, with eye popping results.
At just 766 grams, each individual seat frame is 54% lighter than the conventional aluminum seats in use today. so if an aircraft maker were to replace all 615 seats on its A380 jets with the new seat frames and did it across a fleet of 100 planes, about how much could be saved? The research suggests it would add up to a whopping $206,648,920 based on 2015 jet fuel costs. The fuel reduction also equates to a reduction of 126,000 tons of CO2 emissions over the same period. That’s the equivalent of removing 80,000 cars from the road for a year.
You can see delayed quotes on West High Yield Resources’ current share price on the TSX Venture Exchange here.
Quarterly and annual reports and proxy statements can be found in our Investor Center on the website. Filings in Canada can be found on SEDAR here.
West High Yield Resources’ common stock can be purchased through a registered brokerage of your choice. Common shares are generally not available for direct purchase from the Company.
West High Yield Resources’ fiscal year begins on January 1 and ends on December 31.
A transfer agent is a trust company, bank, or similar financial institution assigned by a corporation to maintain records of investors and account balances and transactions, to cancel and issue certificates, to process investor mailings, and to deal with any associated problems (i.e. lost or stolen certificates).
Our transfer agent is TMX TSX Trust Company.
Please contact Barry Baim, West High Yield Resources’ director and corporate secretary, at [email protected].
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