Magnesium

Western Magnesium Corp is focused on being the low-cost producer and high-quality magnesium metal which is a strategic commodity prized for its strength and lightweight qualities. It focuses on plant operations and magnesium production and continues to move towards the buildout of its pilot plant facility and the development of a full-scale commercial magnesium production facility. The company operates in the exploration and development of mineral property interests.

Recent News

Company News

5 Top Weekly TSXV Performers: Western Magnesium Up 70 Percent

Last week’s top-gaining mining stocks on the TSXV were Western Magnesium, Volcanic Gold, Lithium South, West High Yield and Colonial Coal.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) had ups and downs last week, but ultimately ended higher — it opened the period at 939.85 and closed at 948.27. 

New figures show Canada’s inflation rate rose to 4.4 percent in September, its highest point in 18 years.

Keep reading...Show less

West High Yield Announces Annual Meeting and 2019 Financial Statements

West High Yield Resources Ltd. (TSXV:WHY) announces that the Company has taken Covid-19 precautionary measures for its upcoming Annual and Special Meeting

Similar to other public companies, West High Yield (W.H.Y. or the Company) Resources Ltd. (TSXV:WHY) announces that the Company has taken Covid-19 precautionary measures for its upcoming Annual and Special Meeting (the Meeting). The Meeting will be held at 10:00 am on Wednesday, May 27, 2020 by telephone conference call and via the internet in order to ensure the health and safety of its employees, officers, directors and shareholders. Shareholders may e-mail questions prior to the Meeting to the President of the Company at frank@whyresources.com. As a result of these events, Shareholders are encouraged to vote on the matters at the Meeting by proxy in advance of the Meeting.

The Company also announces the release of its of its audited financial statements and Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2019 which have been filed with Canadian securities regulatory authorities under the Company’s profile on SEDAR at www.sedar.com.

Keep reading...Show less

5 Top Weekly TSXV Stocks: Magnesium Leads a Varied Pack

Top gainers on the TSXV were West High Yield Resources, AsiaBaseMetals, Reunion Gold, Cantex Mine Development and Chakana Copper.

At the end of last week on Friday (December 13), the S&P/TSX Venture Composite Index (INDEXTSI:JX) was up by 0.42 percent or 2.24 points to 538.76. At the same time the previous week, it had been at 537.08.

Talk around the world was dominated earlier on by news that US President Donald Trump had approved of a deal with China to pause the trade war — though interest in that news went away after it was announced that UK Prime Minister Boris Johnson had not only won the UK election, but secured a thumping majority, hammering home the fact that the UK will be leaving the European Union in 2020.

Keep reading...Show less

West High Yield Announces Board and Management Changes

West High Yield announces that Barry Baim will transition from VP Corporate Development, and has accepted appointment to the Board of Directors.

West High Yield (W.H.Y.) Resources Ltd. (TSXV:WHY) (“West High Yield” or the “Company”) announces that Barry Baim will transition from his current executive role as VP Corporate Development, and has accepted appointment to the Board of Directors of the Company effective today. Mr. Baim brings to the Board a deep understanding of the next steps required for the ongoing development of the Company’s Record Ridge Mine and the commercial requirements of an evolving dynamic growth oriented global magnesium marketplace.

Baim has been a senior leader for Molson Coors, as well as an executive in the resource sector with companies in seismic, oil-sands mining services and production optimization. He is a past Director of Siksika Resource Development Ltd, Paradigm Chemical Technologies, Millennium Seismic and currently serves as a director for SGV Canada Ltd.

Keep reading...Show less