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West High Yield Closes Financing

West High Yield Closes Financing

West High Yield Resources Ltd. (TSXV:WHY) announced the closing of its previously announced non-brokered Private Placement, raising gross proceeds of $370,700 through the issuance of 1,235,666 Units at a price of $0.30 per Unit.

West High Yield Announces Half Year Financial Results

West High Yield Announces Half Year Financial Results

West High Yield Resources (TSXV:WHY) released its financial results and Management Discussion and Analysis for the six months ended June 30, 2014. The company also noted that its non-brokered private placement announced on June 31 is expected to close on or before September 20 2014.

Nevada Clean Magnesium Reports Board Changes

Nevada Clean Magnesium, Inc. (TSXV:NVM,FWB:M1V,OTC Pink:MLYFF) has appointed Jeff Wilson, Ph.D., P.Geo. as an independent member of the Company’s Board of Directors. Wilson will assume the Board seat vacated by Daniel Koyich, who will move to the company's technical advisory board.

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Market News

Magnesium Alloys Making a Comeback

In an article for Engineering Materials, Justin Cunningham writes that despite challenges related to its flammability and corrosive nature, magnesium alloys are making a comeback. The metal is extremely lightweight, a key advantage for aerospace and automotive markets.

Researchers Developing New, Stronger Magnesium Alloy

Phys.org reported this week that Hiromi Miura and colleagues at the Toyohashi University of Technology have conducted research to suggest that they have produced the world's strongest magnesium alloy to date. The researches are conducting a further experiment in order to produce larger-sized samples of the alloy, according to Phys.org.

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