TSX-V
WHY
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TSX-V
WHY
One of the world’s largest and greenest high-grade magnesium deposits, permitted and advancing toward commercial production.
>99% Purity
Permit Approved Oct 2025
Offtake Agreement Signed
Advancing towards commercial production
NI 43-101 M&I Resource
Premium MgO & Mg(OH)₂
29 Contiguous Claims
At 250K metric tons/year
Per PFS Economic Analysis
Per PFS — strong project economics
Per PFS — from anticipated production start
Strategic North American logistics
WHY Resources holds full title
BC Mines Act Permit Issued
Magnesium, Silica, Nickel & Iron
Record Ridge sits within the Quesnel Terrain of the Intermontane Belt in southern BC, 7.5 km west-southwest of Rossland, 5 km north of the US border, and approximately 400 km east of Vancouver.
The deposit is underlain by the Record Ridge Ultramafic Body of Paleozoic age. A highly serpentinized mafic rock complex where economically significant magnesium concentrations occur naturally. This isn’t a marginal deposit. The ore grades at 24.6% magnesium with 45% high-purity silica. Among the highest in North America.
The resource estimation is built on 77 diamond drillholes totaling 10,310 m, with 5,836 assays carefully logged, sampled, and tested with 24- or 32-element ICP-AES analysis. Third-party validated by SRK Consulting.
WHY Resources retains 100% of the mineral rights to the property. 29 contiguous claims spanning 8,972 hectares (22,168 acres).
| Resource Category | Cut-off Mg% | Total (Mt) | Mg Grade % | Contained Mg (Mt) |
|---|---|---|---|---|
| Measured | 28.4 | 24.82 | 7.05 | |
| Indicated | 21.9% Mg | 14.6 | 24.21 | 3.54 |
| M&I Total | 43.0 | 24.61 | 10.59 | |
| Inferred | 21.9% Mg | 1.07 | 24.37 | 0.26 |
Diamond Core Holes
With 5,836 assays
Serpentinized Mafic Rock
Owned by WHY Resources
Here is what comes next.
BC Ministry of Mining and Critical Minerals approves mining permit after rigorous review.
Definitive Forward Sales Agreement with Galaxy Trade and Technology, LLC. USD$5M deposit. USD$500/tonne. 2-year initial term with 9-year extension option. USD$30M+/yr revenue potential.
Detailed engineering and design underway. Collaborators Fuse, SRK, Greenwood, SNT, and McElhanney advancing the technical groundwork for construction.
Skemxist Solutions responsible for procurement construction and commissioning
Feasibility study to be conducted in 2026 / 2027
Commercial production targeted for 2029, subject to completion of construction and commissioning.
Review the complete technical, corporate, and investor materials supporting the Record Ridge Industrial Mine and its path toward anticipated commercial production.
