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West High Yield Seeking Funds for Project Development
Mar. 04, 2016 04:32PM PST
Magnesium InvestingWest High Yield Resources Ltd. (TSXV:WHY) provided an operational update, noting that is seeking funds for an environmental study and mine development plan, as well as for the extraction and processing of a 10,000-tonne bulk sample of magnesium and gold.
West High Yield Resources Ltd. (TSXV:WHY) provided an operational update, noting that is seeking funds for an environmental study and mine development plan, as well as for the extraction and processing of a 10,000-tonne bulk sample of magnesium and gold.
The company also said it’s received a letter of intent (LOI) regarding the future purchase of up to 100,000 tonnes a year of magnesium ingots. The LOI is contingent on mine permit requirements.
As quoted in the press release:
The Company seeks $3 Million for environmental study and mine plan development as required by the Environmental Assessment Certification and Mine Permit application processes.
In addition, $2 million for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold as approved by the British Columbia Ministry of Energy and Mines. We expect these operations in summer 2016.
Click here to read the full West High Yield Resources Ltd. (TSXV:WHY) press release.
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