Why invest in WHY RESOURCES?

Issuer: Goldinvest Consulting GmbH / Key word(s): Drilling
Result/Miscellaneous
Why invest in WHY RESOURCES?

17.06.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Why invest in WHY RESOURCES?

Based on LOI with Galaxy Magnesium projected to deliver up to USD 100
million year one annual revenue.

WHY Resources (TSXV: WHY; FRA: W0H) is a unique company among the thousands
of resource juniors on the Canadian stock exchange - in more ways than one.
Which commodity company can say that 94% of its defined resource consists of
valuable products?

For comparison: an average copper mine with a standard copper content of
0.5% has to dump 99.5% of the mined material unused, as there are only 5 kg
of copper in one tonne of ore (1,000 kg). At WHY Resources' Record Ridge
project in British Columbia, the ratio is exactly the opposite. 1,000 kg of
raw ore contains approximately 430 kg of magnesium oxide (MgO), 420 kg of
silica, 90 kg of iron oxide and 2-3 kg of nickel - a total of approximately
940 kg of valuable products with magnesium and silica as the main value.
With the initially planned extraction of up to 200,000 tons per year, the
project would have a theoretical lifespan of over 200 years. Even then, only
a fraction of the 7.5 square kilometer rock formation, which is primarily
composed of the same material, would be eventually mined. WHY therefore does
not have to worry about the size of its resource.

Straight forward operation resembling a quarry

The planned open pit operation is straight forward and resembles a quarry.
The material will be mechanically crushed on site, with no chemical
processing on site required, ensuring no tailings will be produced. The
First Nations participate as a contractor for project development and mine
operations and will benefit. What's more, the project is only five
kilometers from the US border. The distance to the two ports of Vancouver
and Seattle is 400 km each. From there, the prospective off-taker Galaxy
Magnesium, a private US based company, intends to ship the raw ore offsite
where it will be refined into various end products. Based on a formal letter
of intent, WHY Resources expects to receive USD 500 per delivered ton of raw
ore. This would correspond to an annual turnover of USD 100 million. The
planned EBIT is expected to be USD 72 million in the first year of
production and increase to USD 92 million thereafter. This is in comparison
to a capex of just USD 25 million, of which USD 10 million is earmarked for
the road. Payback would therefore be possible in less than a year.

Read full article here:

Why invest in WHY RESOURCES?


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Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news
on https://goldinvest.de. This content is intended solely for the
information of readers and does not constitute any kind of call to action;
neither explicitly nor implicitly are they to be understood as a guarantee
of any price developments. Furthermore, it is in no way a substitute for
individual expert investment advice and does not constitute an offer to sell
the share(s) in question or a solicitation to buy or sell securities. This
is expressly not a financial analysis, but an advertising/journalistic text.
Readers who make investment decisions or carry out transactions on the basis
of the information provided here do so entirely at their own risk. No
contractual relationship is established between GOLDINVEST Consulting GmbH
and its readers or the users of its offers, as our information relates only
to the company and not to the reader's investment decision.

The acquisition of securities involves high risks that can lead to the total
loss of the capital invested. The information published by GOLDINVEST
Consulting GmbH and its authors is based on careful research, but any
liability for financial losses or the guarantee that the content of the
articles offered here is up-to-date, correct, appropriate and complete is
expressly excluded. Please also note our terms of use.

According to §34b WpHG and §48f Abs. 5 BörseG (Austria) we would like to
point out that GOLDINVEST Consulting GmbH and/or partners, clients or
employees of GOLDINVEST Consulting GmbH hold shares in WHY Resources and
therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also
reserves the right to buy or sell shares in the company at any time. In
addition, GOLDINVEST Consulting GmbH is remunerated by WHY Resources for
reporting on the company. This is another clear conflict of interest.


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   Language:       English
   Company:        Goldinvest Consulting GmbH
                   Rothenbaumchausse 185
                   20149 Hamburg
                   Germany
   Internet:       www.goldinvest.de
   EQS News ID:    1925997

End of News EQS News Service
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