WHYResources
TSXV:WHYWest High Yield Resources’ objective is to bring into production one of the world’s largest, greenest deposits of high-grade magnesium. We have contained 10.6 million tonnes of magnesium (inside of our 7.5 sq/km out-crop discovery) based on our preliminary economic assessment at Record Ridge. We havethe full infrastructure in placeincluding roads, highways, nearby rail, electrical power, water, and natural gas. We are 2 miles north of the U.S. Border with supporting industries and rail hub and seaport nearby. This web page, and the content linked from this page, contain forward-looking statements and non-GAAP financial measures. Readers are urged to review the Company’s cautionary statements regarding such forward-looking statements and non-GAAP financial measures here.
Projects
Active mining projects and exploration sites
MIDNIGHT CLAIMS GROUP GOLD PROJECT
The Rossland district is located in southeastern British Columbia, Canada, and is the second largest gold producing camp in the province. The camp is one of British Columbia’s major gold mining districts with over 3 million ounces (85,000 kilograms) of gold and 3.5 million ounces (100,000 kilograms) of silver produced between 1899 and 1928 from the Le Roi, Center Star, Josie, War Eagle and other mines in the Main belt. Total historical district production has been about 6.2 million tons at an average grade of 14.1 gpt gold (Au) and 18 gpt silver (Ag) and 1.1% copper (Cu.)
RECORD RIDGE MAGNESIUM PROJECT
Record Ridge is an intermediate-advanced stage magnesium exploration project located in southern B.C., Canada. It is located 7.5 kilometres west to southwest of the town of Rossland, B.C., Canada; five kilometres north of the U.S.-Canada border; and approximately 400 kilometres east of Vancouver, B.C.
Record Ridge South
Gold exploration and development project
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About WHYResources
WHYResources (TSXV: WHY) is a gold-focused mineral exploration company with ground in Canada.
The company holds 3 projects on file, of which 1 carries a reported mineral resource.
3 financings are on record, totalling approximately $2.6M, most recently in May 2026.
21 press releases are tracked here, 5 of them financing-related, with the most recent dated Jun 24, 2026.
West High Yield Resources’ objective is to bring into production one of the world’s largest, greenest deposits of high-grade magnesium. We have contained 10.6 million tonnes of magnesium (inside of our 7.5 sq/km out-crop discovery) based on our preliminary economic assessment at Record Ridge. We havethe full infrastructure in placeincluding roads, highways, nearby rail, electrical power, water, and natural gas. We are 2 miles north of the U.S. Border with supporting industries and rail hub and seaport nearby. This web page, and the content linked from this page, contain forward-looking statements and non-GAAP financial measures. Readers are urged to review the Company’s cautionary statements regarding such forward-looking statements and non-GAAP financial measures here.
Key facts
| Listing | TSXV: WHY |
|---|---|
| Market capitalisation | $25.2M |
| Projects on file | 3 |
| Commodities | Gold |
| Jurisdictions | Canada |
| Financings on record | 3 |
Projects
| Project | Commodity | Location | Stage |
|---|---|---|---|
| MIDNIGHT CLAIMS GROUP GOLD PROJECT | Gold | Canada | Early exploration |
| RECORD RIDGE MAGNESIUM PROJECT | Gold | Canada | Early exploration |
| Record Ridge South | Gold | Canada | Exploration |
Financing history
| Announced | Type | Amount | Warrants |
|---|---|---|---|
| May 25, 2026 | Private placement | $1.8M | Yes |
| Mar 11, 2026 | Warrant exercise | $275K | — |
| Jan 28, 2026 | Private placement | $500K | Yes |
Warrants attached to past raises are future dilution at a fixed price. The Warrant Overhang Radar tracks the resulting overhang, and the Dilution Tracker shows how the share count has grown.
Recent news releases
- Jun 24, 2026West High Yield Resources receives BC Ministry of Transportation and Transit access permit for Record Ridge magnesium project and announces second tranche closing of private placement
- Jun 12, 2026West High Yield (W.H.Y.) Resources Ltd. announces first tranche closing of private placement and Record Ridge Project update
- Jun 11, 2026West High Yield (W.H.Y.) Resources Ltd. announces court dismisses judicial review challenging Record Ridge Project
- Jun 11, 2026The Supreme Court of BC dismissed the petition challenging Record Ridge
- May 21, 2026West High Yield (W.H.Y.) Resources Ltd. announces private placement offering
- May 19, 2026West High Yield (W.H.Y.) Resources Ltd. receives draft Environmental Management Act permit for Record Ridge Project
- Mar 16, 2026West High Yield (W.H.Y.) Resources Ltd. provides update regarding Record Ridge Project court decision
- Mar 12, 2026West High Yield (W.H.Y.) Resources Ltd. signs definitive forward sales agreement to sell magnesium ore from its Record Ridge Project
- Mar 11, 2026West High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants
- Mar 9, 2026West High Yield (W.H.Y.) Resources receives draft highway access permit for Record Ridge Project, marking another key development milestone