Scientists make ‘water batteries’ that never catch fire

WHY.V     0.29     0%      Volume: 8000      Day Range:  0.285 - 0.29      Last Updated:  2024-05-28 14:00
Investment Highlights
  • Advanced magnesium project with robust PFS with silica, nickel and iron as by-products
  • Multiple potential cash flow generating projects
  • High potential gold exploration at past producing Midnight Project
  • High grade gold mine rejects project with cash flow potential
  • Great infrastructure in place
  • Strong management and board

Why invest in W.H.Y. Resources

  • WHY will produce low cost, high purity, and high margin magnesium products for all industry vertical applications generating diverse revenue with its robust economics
  • After Tax NPV of $871.8 million @ 5% discount with an after tax IRR of 72.03%
  • Low Capex of $205.4 million including mine preproduction, processing, and infrastructure
  • Shovel ready open pit mine ideally situated in a mining jurisdiction with all required infrastructure
  • Global demand is accelerating with the USA seeking to stockpile magnesium
  • Semi Commercial Demonstration plant generating cash flow of Gross Annual Revenue: over $10.95M & EBITDA of $6.45M.
  • Over 225K metric tons of mine rejects already mined, from the many historic mines in the area
  • Average grade of 2.5 ppm Au
  • Potential for 18K ounces of gold with over $30M value
  • High potential of finding high-grade gold mineralization based on historical data
  • Secured $2.5M flow through funds in Dec 2021 and initiated 15,000m exploration/drilling in late April 2022
  • Historical gold production and 2008 drill hole results reinforce the high potential of the claim and the recently-completed 22-hole drill program in 2022