West High Yield: Developing a Strategic Critical Minerals High-Grade Magnesium Project with Near-Term Production

West High Yield (TSXV:WHY) focuses on critical minerals with a high-grade magnesium project nearing production. The company’s Record Ridge property will soon capitalize on the opportunity to create a new supply of magnesium outside of China and Russia. West High Yield has an experienced management team ready to bring its project to production.

The 100 percent owned Record Ridge project in British Columbia is poised to create a secure, strategic domestic supply chain to cater to North America’s magnesium demand. The company is currently awaiting permits to begin production. Once production commences, West High Yield will begin generating cash flow through the sale of ore and seek new offtake agreements.

The Record Ridge asset has one of the largest and highest-grade magnesium deposits in North America, and globally. The company’s resource estimate shows 43 million tonnes of ore at 24.6 percent magnesium, which implies it is a world-class asset containing 10.6 million tonnes of magnesium. In addition, West High Yield’s pre-feasibility study indicates strong economics with an after-tax NPV of 5 percent of $872 million, an internal rate of return (IRR) of 72 percent over a 172-year mine life, and payback in 1.5 years.

Company Highlights

• West High Yield is an exploration and development mining company focusing on its advanced-stage magnesium asset nearing production.
• The company’s flagship Record Ridge asset has the potential to strengthen the secure critical mineral on-shore North American magnesium supply chain and reduce dependence on China and Russia’s production.
• Magnesium is used throughout several verticals, such as aerospace, clean energy and pharmaceuticals.This multiple application critical mineral continues to widen the gap between growing demand and dwindling supply creating an opportunistic tailwind for WHY Resources and the development of the Record Ridge Project.
• Record Ridge is currently awaiting a mining permit before beginning construction.
• West High Yield has completed a pre-feasibility study indicating robust economics that encourages the company to move forward.
• The company prioritizes clean energy operations to reduce emissions and ensure a positive ESG rating, creating a low cost high-pedigree magnesium product and results in virtually no CO2 emissions.
• An experienced management team leads the company toward fully realizing the potential of its assets.

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