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West High Yield Resources
Location: Calgary, Alberta
Sector: Energy and Mining
West High Yield Resources owns one of the biggest, purest and cleanest environmental discoveries of magnesium on earth. Located 10 kilometers south of Rossland B.C. West High Yield Resources owns over 7,500 hectares which will support open pit mines and processing facilities.
Future growth of Magnesium based products- US legislation requires future generations of transportation be designed lighter, driving demand for magnesium alloys with North American origin.
Founders ownership- Frank Marasco, CEO and Director, leads the Marasco family who founded the Company and continues to own approximately 47% of the outstanding shares. (Have never sold a share).
Processing science- Current testing could result in significant reductions in project capital costs and improved economics
West High Yield Resources owns one of the biggest purest and cleanest environmental discoveries of magnesium on earth. Located 10 kilometers south of Rossland B.C West High Yield Resources owns over 7,500 hectares which will support open pit mines and processing facilities.
Frank Marasco, CEO, Chairman
Frank has been self-employed his whole life. He was involved in the family business for 45 years. They were involved in 47 different types of business, all successful. With a staff over 450, they owned and operated in all types of business such as hospitality, apartments and retail. After being retired for only 6 months at 47 years old, Frank decided to get into oil and mining. He purchased 81 sections S.E. in the Bakken and purchased 15 gold mines in Rossland, B.C. where he discovered a magnesium outcrop deposit that is 2000 ores is size (one rock unit) of the purist magnesium on earth.
Dwayne Vinck, CFO, Director
26 years Chartered Accountant, part time with the Company. Currently operates a Chartered Accountant practice providing assurance and internal controls consulting.