Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last C$0.10 CAD
Change Today 0.00 / 0.00%
Volume 0.0
WMM On Other Exchanges
As of 9:49 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

west melville metals inc (WMM) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/26/14 - C$0.65
52 Week Low
05/25/15 - C$0.03
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for WEST MELVILLE METALS INC (WMM)

Related News

No related news articles were found.

west melville metals inc (WMM) Related Businessweek News

No Related Businessweek News Found

west melville metals inc (WMM) Details

West Melville Metals Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America and Greenland. The company holds interests in the Fraser Bay iron property that covers 3,228 acres consists of a mineral lease located in Nunavut Territory, Canada. It also holds interests in the Isortoq project, an iron-titanium-vanadium prospect located in southern Greenland. The company was formerly known as West Melville Iron Company Ltd. and changed its name to West Melville Metals Inc. in January 2012. West Melville Metals Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

west melville metals inc (WMM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$175.4K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

west melville metals inc (WMM) Key Developments

West Melville Metals Inc. Auditor Raises 'Going Concern' Doubt

West Melville Metals Inc. filed its Annual on Apr 24, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

West Melville Metals Inc. Announces Positive Results for the First Phase of Metallurgical Test Work on the Isortoq Project, Greenland

West Melville Metals Inc. announced that the first phase of the metallurgical test work being conducted on the Isortoq Project by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in Perth, Australia has been successfully completed. Highlights includes: Positive metallurgical test results with scope for further improvements with optimization; A simple beneficiation process yields a clean, high grade concentrate (50.2% Fe; 20.9% TiO2 and 0.34% V2O5); Best leaching results achieved in the hydrochloric acid system, with separation of iron and vanadium from titanium (titanium remains in the leach residue); Leach efficiency of >95% for vanadium and >80% for iron, with >95% of extraction occurring within 30 minutes; and These results represent the successful completion of the first stage in the development of a hydro-metallurgical process flow sheet aimed at commercially extracting iron, titanium and vanadium from the Isortoq deposit. An initial 25 kilogram representative sample of the mineralised body was crushed and milled to 120 microns and then subjected to a low intensity magnetic separation process with the resultant concentrate assayed for key chemical elements. Five separate leach tests were then completed using three different acid systems in order to establish the leaching characteristics of the concentrate. The leach tests were each undertaken for a period of 10 hours at a temperature of 90deg centigrade at atmospheric pressure, with kinetic sampling of both leach liquor and residual solids over the duration of the test. Two tests were conducted using different concentrations of hydrochloric acid (28% and 21%), two with sulphuric acid (42% and 29.7% strength) and one test using nitric acid at 60% strength. The results of the Phase 1 test work are positive with scope for further improvements with optimization. The simple beneficiation process yielded a mass pull of 50.8% to the magnetic fraction to create a clean concentrate that assayed 50.2% Fe; 20.9% TiO(2) and 0.34% V(2) O(5), which is notably higher than the grade achieved in previous beneficiation test work. With respect to the leach tests, some particularly encouraging results came from the hydrochloric acid system with selective deportment of vanadium and most of the iron into the leach liquor and titanium remaining in the solid residue. Extraction efficiency was >95% for vanadium and >80% for iron in the hydrochloric acid systems, with >95% of the leach extraction occurring within the first 30 minutes of the process. The separation of iron and vanadium from titanium in the initial leach is advantageous as it facilitates efficient extraction of titanium in a second leach or alternative extraction process. Results for the sulphuric acid system were also good with high extraction efficiencies for vanadium and iron; however, the sulphuric acid system did not provide as good of a separation of the titanium from the vanadium and iron compared to hydrochloric acid. The leach extractions in the nitric acid system were not as efficient as those achieved in the other two acid systems.

West Melville Metals Inc. Completes Purchase of the Isortoq Project in Greenland; Announces Resignation of Bruce Counts as Director

West Melville Metals Inc. announced that the vendors of the Isortoq Project have elected to waive the final $1.4 million payment due on the Isortoq Property and an amending deed to the purchase agreement to this affect has been executed. The ‘royalty agreement’ covering non-ferrous metals has also been cancelled. This secures the exclusive right to a 100% unencumbered interest in the Project for West Melville and Hunter will now file an application to the Greenland authorities to transfer title to the Isortoq Exploration Licenses over to West Melville. In view of this exciting development, the Board of Directors has unanimously decided to focus all of the company's resources on the Isortoq Project, and as a consequence it has elected not to exercise its option to purchase the Alex Project in Mexico. The option on the Fraser Bay Project is secure until December 2014 and efforts continue to find a suitable partner for the project. Mr. Bruce Counts has resigned as a director of West Melville in order to pursue other opportunities.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WMM:CN C$0.10 CAD 0.00

WMM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for WMM.
View Industry Companies

Industry Analysis


Industry Average

Valuation WMM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WEST MELVILLE METALS INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at