West High Yield Signs $500/tonne Magnesium Ore Deal with Galaxy, Projecting $30M+ Annual Revenue

Published: Apr 9, 2026 11:21

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[SMM Magnesium Express] West High Yield signed a definitive forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore from its Record Ridge project in British Columbia. The initial two-year term is extendable to nine years, with a unit price of US$500 per metric tonne. Weekly deliveries during production months are expected to range from 6,600 to 7,700 tonnes, representing potential annual revenue exceeding US$30 million. Galaxy has placed a US$5 million deposit in trust for initial ore deliveries.

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