202612 releases
West High Yield Resources receives occupant licence to cut and remove, marking another major regulatory milestone at Record Ridge Magnesium Project
An Occupant Licence to Cut and Remove has been granted by the British Columbia Ministry of Forests for the Record Ridge Industrial Mineral Mine Project near Rossland, British Columbia, authorizing cutting, decking and removal of Crown timber within an approximately 50.062-hectare licence area ahead of site preparation and construction. It follows the Company's BC Mines Act permit issued in October 2025 and a Ministry of Transportation and Transit access permit in June 2026. Before clearing, WHY must meet pre-disturbance requirements, including posting the balance of required reclamation security, and continues environmental authorization work under the Environmental Management Act.
CorporateWest 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
An access permit has been received from the British Columbia Ministry of Transportation and Transit authorizing construction, use and maintenance of access and related transportation infrastructure for the Record Ridge Industrial Mineral Mine Project near Rossland, British Columbia, following the Mines Act permit issued in October 2025. The second tranche of the previously announced private placement closed with 2,934,666 units issued at $0.30 per unit for gross proceeds of $880,399.80, each unit including a half warrant exercisable at CAD$0.45 for twelve months.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces first tranche closing of private placement and Record Ridge Project update
A first tranche of West High Yield's private placement closed with 1,188,334 units issued at $0.30 per unit for gross proceeds of $356,500, each unit comprising one common share and half a warrant exercisable at CAD$0.45 for 12 months, subject to a four month plus one day hold. Proceeds will fund the Record Ridge Industrial Minerals Mine project near Rossland, British Columbia, and working capital. The Supreme Court of British Columbia dismissed the judicial review of the project and the construction injunction has been lifted.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces court dismisses judicial review challenging Record Ridge Project
The Supreme Court of British Columbia dismissed a judicial review petition challenging the BC Environmental Assessment Office's determination that West High Yield's Record Ridge Industrial Minerals Mine project near Rossland, British Columbia is not subject to an environmental assessment under the Environmental Assessment Act. The project remains subject to provincial permits under the Mines Act, Environmental Management Act and Water Sustainability Act. The company has received a draft access permit and a draft Environmental Management Act permit, and is finalizing its Licence to Cut.
CorporateThe Supreme Court of BC dismissed the petition challenging Record Ridge
The Supreme Court of British Columbia dismissed the judicial review filed by the Save the Record Ridge Action Committee challenging the Environmental Assessment Office's decision on the Record Ridge Project. The company has received draft permits from the ministries of forestry, environment, air and water, and transport, and expects these to be finalized shortly. Focus now moves to completing remaining permits, community and Indigenous partnerships, and advancing commercialization and construction preparations.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces private placement offering
A non-brokered private placement of up to 6,000,000 units at CAD$0.30 per unit for gross proceeds of up to CAD$1,800,000 has been launched by West High Yield (W.H.Y.) Resources. Each unit comprises one common share and half a warrant, with each full warrant exercisable at CAD$0.45 for 12 months from issuance. Finders may receive a cash commission of up to 6% of gross proceeds plus warrants equal to 6% of the full warrants issued. Proceeds will fund essential operations and general working capital.
FinancingWest High Yield (W.H.Y.) Resources Ltd. receives draft Environmental Management Act permit for Record Ridge Project
A draft Environmental Management Act permit has been received from the British Columbia Ministry of Environment and Parks for the Record Ridge Industrial Mineral Mine Project near Rossland, British Columbia, covering site water management, environmental monitoring, sediment and erosion control and fugitive dust management; it follows the Mines Act permit issued in October 2025 and the draft Highway Access permit received in March 2026. The final Mine Access, Water Licence and Occupant Licence to Cut permits are in final review. Pilot setup and commissioning and ore feed preparation for leaching are complete, and construction financing discussions continue.
CorporateWest High Yield (W.H.Y.) Resources Ltd. provides update regarding Record Ridge Project court decision
The Supreme Court of British Columbia granted the Save Record Ridge Action Committee a temporary injunction on March 11, 2026 barring ground-disturbing construction at the Record Ridge Industrial Minerals Mine project near Rossland, British Columbia, until a judicial review of the Chief Environmental Assessment Officer's August 2025 determination is decided; that hearing was moved up from August 17, 2026 to May 5, 2026. The Company filed leave to appeal the injunction on March 11, 2026 and will seek an increase to the $162,500 security posted by SRRAC.
CorporateWest High Yield (W.H.Y.) Resources Ltd. signs definitive forward sales agreement to sell magnesium ore from its Record Ridge Project
A definitive forward sales agreement has been signed with U.S.-based Galaxy Trade and Technology, LLC for magnesium-rich serpentine ore from the Record Ridge Industrial Minerals Mine project near Rossland, British Columbia. Galaxy will buy ore over an initial two-year period, extendable to nine years, at USD$500 per metric tonne, with an initial USD$5,000,000 deposit held in trust and expected deliveries of about 6,600 to 7,700 tonnes per week, representing potential revenue exceeding USD$30,000,000 per year. The project received its Mines Act permit in October 2025.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants
Four warrantholders exercised an aggregate of 785,750 warrants at CAD$0.35 each, resulting in the issuance of 785,750 common shares of West High Yield (W.H.Y.) Resources Ltd. and total gross proceeds of CAD$275,012.50. The Calgary-based company is focused on its Record Ridge critical mineral deposit located 10 kilometres southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources receives draft highway access permit for Record Ridge Project, marking another key development milestone
A draft access permit has been received from the British Columbia Ministry of Transportation and Transit for highway access to the Record Ridge Industrial Mineral Mine project near Rossland, British Columbia, covering access from the provincial highway system including the Cascade Highway corridor. The Company will work with the MOTT to finalize permit conditions including final engineering design, traffic safety measures and operational parameters. A Mines Act permit was issued on October 20, 2025, and a commercial feasibility study for the processing plant is planned for mid-2026.
CorporateWest High Yield (W.H.Y.) Resources Ltd. advances processing pilot program, and announces permitting advancement and closing of non-brokered private placement
A pilot test of proprietary metallurgical processing technology has begun under a contract with Process Research Ortech Inc. of Mississauga, Ontario, with pilot operations scheduled to start in early February 2026 and a final report expected in April 2026, supporting a feasibility study planned to commence in mid-Q2 2026 for the Record Ridge magnesium/silica project in British Columbia. British Columbia granted a five-year multi-year area-based exploration permit, with remaining permits pending and construction targeted for Q2 2026. A non-brokered private placement closed with 1,000,000 units at $0.50 for $500,000 gross.
Financing
202515 releases
West High Yield (W.H.Y.) Resources Ltd. provides letter to shareholder from president and CEO
A shareholder letter from President and CEO Frank Marasco Jr. states the company was awarded the BC Mines Act Permit for the Record Ridge magnesium project, 10 kilometres southwest of Rossland, British Columbia, and is in final stages of pre-construction readiness. The 2026 roadmap includes final project engineering and mine readiness planning, long-lead procurement, site preparation and infrastructure development, and construction launch with a transition toward operational start-up.
CorporateInitial reclamation bond posted, permit conditions advancing, and construction pathway strengthening for 2026
The first phase of the reclamation bond has been posted with the British Columbia Ministry of Mines and Critical Minerals, fulfilling a Mines Act permit requirement for the Record Ridge magnesium and critical minerals project, 10 kilometres southwest of Rossland, British Columbia. Pre-development work completed since the permit includes a vegetation audit of the access corridor and mine footprint, tree marking and footprint delineation, and baseline site preparation. Construction mobilization is targeted for the second quarter of 2026, subject to final financing and regulatory coordination.
CorporateWest High Yield Resources receives green-light permit for Record Ridge Industrial Mineral Mine — advancing Canada’s domestic critical mineral refining
The British Columbia Ministry of Mines and Critical Minerals has issued the Mines Act Permit authorizing construction and operation of the Record Ridge Industrial Mineral Mine near Rossland, British Columbia, which contains magnesium, silica, nickel and iron. Construction and mining will proceed with Skemxist Solutions, a partner company of the Osoyoos Indian Band, and in the initial phase ore will be sold to a U.S. buyer for offsite processing. The company plans to later amend the permit to expand production and develop a magnesium-refining facility.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants
Warrant exercises generated total gross proceeds of CAD$186,217.30. Three holders exercised an aggregate of 570,000 warrants at CAD$0.30 each for CAD$171,000.00, and one holder exercised 43,478 warrants at CAD$0.35 each for CAD$15,217.30, resulting in the issuance of 613,478 common shares in total. West High Yield is focused on its Record Ridge critical mineral deposit located 10 kilometres southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. responds to SRRAC Judicial Review filing and affirms EAO decision
A judicial review application filed by the Save Record Ridge Action Committee against the British Columbia Environmental Assessment Office's decision not to designate the Record Ridge Industrial Minerals Project for environmental assessment is being contested by West High Yield, which says it will withstand court review. The Project was reclassified by the EAO in 2024 as a Mineral Mine with a 75,000-tonne per year assessment threshold, and the Company amended its application to 63,500 tonnes per year, down from 200,000 tonnes. Construction and operations will be led by Skemixst Solutions, the Osoyoos Indian Band's business enterprise, under a Cooperation Agreement.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants
Warrant exercises generated total gross proceeds of CAD$183,217.30 for West High Yield (W.H.Y.) Resources Ltd. Two holders exercised 525,000 warrants at CAD$0.30 each for CAD$157,500.00, and three holders exercised 73,478 warrants at CAD$0.35 each for CAD$25,717.30, resulting in the issuance of a combined 598,478 common shares. The company's Record Ridge critical mineral deposit is located 10 kilometers southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. receives draft mining permit for its magnesium/silica project
A draft mining permit has been received from the British Columbia Ministry of Mining and Critical Minerals for West High Yield's Record Ridge Industrial Minerals Mine critical minerals project, located 10 kilometres southwest of Rossland, British Columbia. The draft sets out proposed conditions for planned extraction activities, and the Company will review it with internal and external experts. A final decision on the mining permit application is expected in the coming weeks.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants
A total of 162,000 share purchase warrants were exercised, yielding gross proceeds of CAD$54,200.00 to West High Yield (W.H.Y.) Resources Ltd. One holder exercised 50,000 warrants at CAD$0.30 for CAD$15,000.00, and two holders exercised 112,000 warrants at CAD$0.35 for CAD$39,200.00, with 162,000 common shares issued in total. The company's Record Ridge critical mineral deposit is located 10 kilometers southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces exercise of options and warrants
Five optionholders exercised an aggregate of 2,400,000 stock options at CAD$0.12 per share, issuing 2,400,000 common shares for gross proceeds of CAD$288,000.00. One warrantholder exercised 100,000 warrants at CAD$0.30 per share, issuing 100,000 common shares for gross proceeds of CAD$30,000.00. West High Yield is focused on its Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. welcomes final EAO decision on Record Ridge Magnesium Project
The British Columbia Environmental Assessment Office has issued a Final Designation Decision confirming the Record Ridge Industrial Minerals Project near Rossland, British Columbia will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018). The EAO concluded potential effects are being addressed through existing processes, including the Mines Act and Environmental Management Act, consistent with its earlier draft report. The project has advanced to the draft Mines Act permit stage.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces proceeds from exercise of warrants
Two warrantholders exercised an aggregate of 280,000 warrants at CAD$0.30 per share, resulting in the issuance of 280,000 common shares and gross proceeds of CAD$84,000.00 to West High Yield (W.H.Y.) Resources Ltd. The warrants were originally issued as part of a private placement offering that closed on November 14, 2024. The company's Record Ridge magnesium, silica and nickel deposit is located 10 kilometres southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces stock option grant
A total of 50,000 stock options were granted to a consultant of West High Yield (W.H.Y.) Resources Ltd., effective June 3, 2025, following board approval. The options vest on the grant date, carry a ten-year term and an exercise price of CAD$0.48 per common share, the closing price on the TSX Venture Exchange the preceding day. The grant is subject to TSXV approval.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces proceeds from exercise of warrants
One warrantholder exercised 50,000 warrants at CAD$0.30 per share, for gross proceeds of CAD$15,000 and the issuance of 50,000 common shares. The warrants were originally issued under a private placement that closed on November 9, 2024. West High Yield (W.H.Y.) Resources Ltd. is developing the Record Ridge magnesium, silica and nickel deposit located 10 kilometres southwest of Rossland, British Columbia.
FinancingWest High Yield (W.H.Y.) Resources Ltd. fully endorses Draft Minister's designation report on the Record Ridge critical minerals project
The British Columbia Environmental Assessment Office has issued a Draft Minister's Designation Report concluding that the Record Ridge industrial minerals mine project near Rossland, British Columbia does not require designation under the province's Environmental Assessment Act, as potential environmental effects are being addressed through existing processes under the Mines Act and Environmental Management Act. The EAO has invited stakeholder feedback by June 4, 2025 before finalizing the report, and West High Yield has submitted a response supporting the draft findings.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces final closing of oversubscribed private placement
The final tranche of a private placement closed with 1,737,899 units issued at $0.23 per unit for gross proceeds of $399,717.00, each unit comprising one common share and one warrant exercisable at CAD$0.35 for twelve months. Total issuance under the offering reached 4,669,290 units for gross proceeds of $1,073,937.33, with securities subject to a four month plus one day hold. Proceeds will fund permitting, essential operations and working capital; the oversubscription remains subject to TSXV approval.
Financing
202418 releases
West High Yield Resources (W.H.Y.) Resources Ltd. announces proceeds from exercise of options
One optionholder exercised 100,000 stock options at CAD$0.15 per share, resulting in the issuance of 100,000 common shares of West High Yield (W.H.Y.) Resources Ltd. The options were part of a grant made on November 27, 2019. The company's Record Ridge critical mineral deposit, 10 kilometres southwest of Rossland, British Columbia, holds approximately 10.6 million tonnes of contained magnesium per a 2013 SRK Consulting NI 43-101 preliminary economic assessment.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces final closings of oversubscribed private placement and shares-for-debt transactions
The final tranche of a private placement closed with 3,660,935 units issued at CAD$0.20 for gross proceeds of CAD$732,187, bringing the total offering to 5,690,935 units for CAD$1,138,187, above the initially announced maximum of CAD$750,000; each unit includes one warrant exercisable at CAD$0.30 for 12 months. Proceeds will fund permitting, working capital and planned water monitoring drill holes at the Record Ridge magnesium deposit in British Columbia. Separately, 1,600,000 shares were issued at a deemed CAD$0.20 to settle CAD$320,000 of debt.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces BC government mining permit work plan timelines
Updated written work plan timelines have been received from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation for the Record Ridge Industrial Minerals Mine permit process, with potential permit issuance by early December 2024, though EMLI indicated dates could be adjusted. The revised project does not trigger the BC Environmental Assessment Act Reviewable Project Regulations and does not require an environmental assessment, with permits anticipated after completion of the Mine Development Review Committee process.
CorporateWest High Yield (W.H.Y.) Resources announces amended permit submission
An amended permit application for the Record Ridge Industrial Mineral Mine near Rossland, British Columbia was submitted to the BC Ministry of Energy, Mines and Low Carbon Innovation on September 17, 2024, following a September 4, 2024 meeting with the ministry. The revision reduces proposed annual output to 63,500 metric tonnes, below 15% of the 75,000 metric tonne threshold for reviewable mineral mines, with minor mine plan adjustments. The application awaits review by the Mine Development Review Committee.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces mine permit update, corporate update, and private placement offering
A non-brokered private placement of up to 3,750,000 units at CAD$0.20 per unit for gross proceeds of up to CAD$750,000 has been launched by West High Yield (W.H.Y.) Resources, each unit comprising one common share and one warrant exercisable at CAD$0.30 for 12 months. The company met British Columbia's Ministry of Energy, Mines and Low Carbon Innovation on August 26, 2024 regarding a reduced-throughput Mines Act permit for its Record Ridge Industrial Mineral Mine, with a follow-up meeting set for September 4, 2024. Proceeds will fund permitting, working capital and water monitoring drilling.
CorporateWest High Yield (W.H.Y.) Resources Ltd. outlines next steps for the Record Ridge Magnesium Project mine permit
The British Columbia Environmental Assessment Office has determined the Record Ridge Industrial Mineral Mine project near Rossland, British Columbia is subject to environmental assessment thresholds for mineral mines rather than industrial mineral projects, meaning production must stay under 75,000 tonnes of ore per year to avoid triggering an assessment under the Reviewable Projects Regulation. The EAO offered to facilitate dialogue with other ministries on permitting a smaller-scale project, which the company intends to explore while consulting legal counsel on its options.
CorporateWest High Yield (W.H.Y.) Resources Ltd. Announces Private Placement Offering
A non-brokered private placement of up to 4,545,454 units at CAD$0.33 per unit for gross proceeds of up to CAD$1,500,000 has been launched, with each unit comprising one common share and one half warrant exercisable at CAD$0.45 for 18 months. Finders may receive up to a 6% cash commission and warrants equal to 6% of the full warrants issued. Proceeds will fund water monitoring drill holes at the Record Ridge magnesium deposit in British Columbia, permitting, operations and working capital.
FinancingOsoyoos Indian Band Limited Partnership signs letter of intent to construct and operate Record Ridge Mine
A letter of intent has been signed with Skemxist Solutions, an Osoyoos Indian Band limited partnership with the Sutherland Group of Companies, covering road construction, site preparation, mining operations and support services at the Record Ridge Industrial Mineral Mine near Rossland, British Columbia. The project is projected to produce up to 200,000 tonnes of magnesium ore per annum over an initial two-year period. West High Yield is in the latter stages of permitting through the BC Mine Development Review Committee and aims to conclude a definitive agreement in the weeks ahead.
AcquisitionWest High Yield (W.H.Y.) Resources Ltd. announces final closing of oversubscribed private placement and signing of sponsorship agreement
The final tranche of West High Yield's private placement closed with 612,000 units issued at $0.25 per unit for gross proceeds of $153,000, each unit comprising one common share and one warrant exercisable at CAD$0.35 until May 10, 2025. Total issuance across all closings was 3,936,000 units for $984,000, above the initially announced $950,000 maximum, with the oversubscription subject to TSXV approval. Proceeds will fund pilot testing at Record Ridge, permitting, operations and working capital. The company also signed a one-year sponsorship agreement with GOLDINVEST Consulting GmbH for CAD$25,000.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces Frankfurt Stock Exchange Listing
Common shares of West High Yield (W.H.Y.) Resources Ltd. have been listed on the Frankfurt Stock Exchange under the symbol W0H, giving the company a cross listing alongside the TSX Venture Exchange (TSXV:WHY). The listing is aimed at introducing European investors and manufacturers to the Record Ridge Industrial Mineral Mine near Rossland, British Columbia, which contains 10.6 million tonnes of magnesium and 16 million tonnes of silica.
CorporateWest High Yield (W.H.Y.) Resources Ltd. publishes public notice of application for Record Ridge magnesium project and announces second tranche closing of private placement
A Public Notice of Application was published April 18, 2024 in the Rossland News and Trail Times regarding West High Yield's Joint Mines Act and Environmental Management Act permit application for the Record Ridge Industrial Mineral Mine, located about 7.5 km west-southwest of Rossland, British Columbia, covering Mineral Claims #514607 (318 ha) and #513794 (127 ha), with planned extraction of magnesium-bearing serpentinite up to 200,000 tonnes per year. A second tranche closing of the private placement issued 1,210,000 Units for proceeds of $302,500, each Unit comprising one common share and one warrant exercisable at CAD$0.35 until April 18, 2025.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces extension of previously announced private placement
The TSX Venture Exchange has granted an extension of the outside date for final closing and filing acceptance of West High Yield's previously announced private placement of units, from April 11, 2024 to May 10, 2024. Terms of the offering and the units remain unchanged through the extension date, and the offering remains subject to conditions including receipt of all necessary regulatory approvals, including TSXV approval.
FinancingWest Hjgh YIELD (W.H.Y.) Resources Ltd. announces stock option grant
A total of 1,578,000 stock options were granted effective March 25, 2024, with 1,160,000 to directors, 60,000 to one officer and 403,000 to four consultants. The options vest on the grant date, have a 10-year term and an exercise price of CAD$0.23 per share, above the closing price on the TSX Venture Exchange on the grant date. The grant remains subject to TSXV approval.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces first tranche closing of private placement
A first tranche of West High Yield's previously announced private placement has closed, consisting of 2,114,000 units at $0.25 per unit for gross proceeds of $528,500. Each unit includes one common share and one warrant exercisable at CAD$0.35 until March 14, 2025, with a four month plus one day hold period. Proceeds will fund the permitting process for its Record Ridge magnesium, silica and nickel deposit near Rossland, British Columbia, and general working capital.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces private placement offering and marketing/PR agreement
A non-brokered private placement of up to 3,800,000 units at CAD$0.25 per unit for gross proceeds of up to CAD$925,000 has been launched, each unit comprising one common share and one warrant exercisable at CAD$0.35 for twelve months. Proceeds will fund pilot testing at the Record Ridge project in British Columbia, permitting, operations and working capital. The company also engaged Outside The Box Capital Inc. for marketing services for a CAD$60,000 fee under an agreement expiring August 12, 2024.
FinancingWest High Yield (W.H.Y.) Resources Ltd. announces appointment of Velocity Trade Capital Ltd. market making services
Velocity Trade Capital Ltd. has been engaged to provide market-making services under a liquidity program services agreement, for a monthly fee of $5,000, with a minimum 60-day term and 30 days' written notice for termination thereafter. Velocity Trade will provide the funding and securities required, and the engagement is subject to TSX Venture Exchange acceptance. The company also terminated its letter agreement with Red Cloud Securities Inc., announced November 30, 2022, effective January 31, 2024.
CorporateWest High Yield (W.H.Y.) Resources Ltd. announces loan amendments
Loan amending agreements with Big Mountain Development Corp Ltd. extend the maturity of term loans totalling $3,339,485 to December 31, 2024. Of that amount, $2,589,485 had been due on December 31, 2021 and $750,000 on April 28, 2022. In consideration, the Company will pay a loan extension fee due with the total loan amount and accrued interest on the new maturity date.
FinancingWest High Yield (W.H.Y.) Resources Ltd. provides critical minerals permit application update and invites investors and interested parties to Radius Research webinar
Permitting for the Record Ridge Industrial Mineral Mine near Rossland, British Columbia advanced with a December 6, 2023 meeting with the Mine Development Review Committee, which was asked to provide technical comments on the amended permit application by January 15, 2024; the company will address them ahead of its next MDRC meeting on February 14, 2024. Mine site construction and mining are planned for 2024. A Radius Research webinar is set for January 17, 2024 at 1:00 PM ET.
Corporate
202310 releases
West High Yield (W.H.Y.) Resources Ltd. announces terms of consultancy mandate agreement
ACS Moschner & Co GmbH of Vienna, Austria has been engaged under a Consultancy Mandate Agreement to provide exclusive consulting services exploring alternative growth options for West High Yield (W.H.Y.) Resources. ACS will be paid a success fee calculated as a percentage of the transaction value of monies or consideration received from candidates it sources and introduces that enter an investment, purchase or partnership agreement with the Company; no shares or options will be issued. The initial term is one year, extendable by mutual consent.
CorporateWest High Yield (W.H.Y.) Resources Ltd. submits amended Record Ridge permit application
An amended permit application for the Record Ridge Industrial Mineral Mine near Rossland, British Columbia has been submitted to the BC Ministry of Energy, Mines and Low Carbon Innovation and the BC Ministry of Environment and Climate Change Strategy. Amendments include substituting or augmenting explosives with mechanized equipment for ore extraction, enclosing crushing equipment to manage dust and noise, and exploring a trucking route along Highway 22 to North Port, Washington instead of through Rossland. The company awaits the next phase of MDRC technical review.
CorporateOsoyoos Indian Band signs cooperation agreement with West High Yield Resources for the Record Ridge Magnesium Project
A Cooperation Agreement has been signed with the Osoyoos Indian Band covering West High Yield's Record Ridge magnesium project near Rossland, British Columbia, which lies within the OIB's asserted traditional territory. The OIB conducted its own independent review of the Company's British Columbia Mines Act permit application. The Company continues working with the British Columbia Mine Development Review Committee in the final technical permit review process for the Record Ridge mining permit.
CorporateWest High Yield Resources provides strategic and critical minerals/magnesium market updates
A market update on magnesium cited the global metal magnesium market at USD $4.8 billion in 2022, projected to reach USD $7.25 billion by 2030, developments in magnesium-ion batteries, and Canada's critical minerals strategy with a $3.8 billion federal budget allocation for mineral exploration and mining. The Record Ridge magnesium project, 10 kilometres southwest of Rossland, British Columbia, has received acceptance for permitting application review by the B.C. Ministry of Mines and contains approximately 10.6 million tonnes of contained magnesium per an SRK preliminary economic assessment.
NewsWest High Yield Resources provides an update on permit application for its Record Ridge Magnesium Project
A June 27, 2023 Mining Development Review Committee meeting in Rossland, British Columbia initiated the technical review of West High Yield's mining permit application for the Record Ridge Industrial Mineral Mine, located 10 kilometres southwest of Rossland. The Company outlined mitigation measures including substituting mechanized equipment for explosives, enclosing crushing equipment to manage dust and noise, and a possible trucking route along Highway 22 to North Port, Washington instead of through Rossland. Discussions with the Osoyoos Indian Band continue.
CorporateB.C. Ministry of Mines accepts Record Ridge industrial mineral mine permit submission and provides terms of reference for final technical review
The B.C. Ministry of Mines accepted West High Yield's screened mine permit submissions for the Record Ridge Industrial Mineral Mine, 10 km southwest of Rossland, British Columbia, on May 3, 2023, and issued Terms of Reference and a Proposed Workplan starting May 24, 2023, with a potential final permit decision as early as August 24, 2023. Community open house sessions are scheduled in Rossland on May 17 and 18, 2023. Contractor bids for mine site development and road construction are due June 20, 2023.
CorporateWest High Yield Provides a Corporate Update
As of March 31, 2023, all material information, mine site engineering designs and reports requested by the British Columbia Ministry of Mines have been submitted for the amended permit application for the Record Ridge industrial critical mineral mine, located 10 kilometres southwest of Rossland, British Columbia, with a meeting with the Ministry scheduled. A formal RFP for groundworks and site development contractors has been launched, with bids due June 30, 2023, ahead of mining ore for the Galaxy Magnesium LOI of December 6, 2021 at USD$500/tonne.
CorporateWest High Yield (W.H.Y.) Resources Ltd. completes 2022 core assay program and discovers new vein-hosted gold to 32.5 g/t
Additional gold assays from the Midnight gold claim at Rossland, British Columbia include 32.5 g/t Au over 0.85 metre at 262.50-263.35 metres depth in hole MN22-13, and 7.99 g/t Au over 6 metres from 41.0-47.0 metres in MN22-18, including 13.55 g/t Au over 1.5 metres from 45.5-47.0 metres. The 2022 drilling program totalled 6,191 metres in 41 holes, closed for winter on November 15, 2022, with 2,865 sample assays completed and 693 samples in 17 holes awaiting sampling in spring 2023.
Drill results
20226 releases
West High Yield (W.H.Y.) Resources Ltd. strikes more vein-hosted visible gold, reports high-grade assays from Midnight Gold Claim
Additional high-grade gold assays and visible gold in core were reported from the Midnight Gold claim in the Rossland Gold Camp, British Columbia, including 154 g/t Au over 72.35–72.65 m and 21.4 g/t Au over 185.7–186.20 m in hole MN22-13, 15.85 g/t Au over 38.7–39.4 m in MN22-08, and 37.9 g/t Au over 205.1–206.6 m in MN22-09. The 2022 drilling program completed 41 holes totalling 6,197 metres and closed for winter on November 15; results are pending for several holes, with remaining core to be processed in a Q2 2023 program.
Drill resultsWest High Yield (W.H.Y.) Resources Ltd. announces completion of positive pre-feasibility study for magnesium oxide production plant
A pre-feasibility study for a high-purity magnesium oxide production plant tied to the Record Ridge property, 10 kilometres southwest of Rossland, British Columbia, gives a post-tax NPV of $871.8 million at a 5% discount rate and a post-tax IRR of 72.03%, using a long-term MgO price of $1,500/tonne. Initial capital costs are $205.4 million, with all-in-sustaining costs of $375/tonne, a 1.5-year post-tax payback and average annual output of 86,500 tonnes of 98% purity MgO over a 20-year life. The company will next advance a semi-commercial demonstration project ahead of feasibility-level studies.
Study resultsWest High Yield (W.H.Y.) Resources Ltd. signs memorandum of understanding regarding magnesium metal ingot processing technology license
A non-binding memorandum of understanding has been signed with Colorado-based Big Blue Technologies LLC, working toward a definitive exclusive license agreement for BBT's aluminothermic reduction process to produce magnesium ingots from magnesium oxide and magnesium ores. The license would allow West High Yield to build and operate a demonstrative magnesium processing facility in Canada, and upon its successful completion, to build, operate or sublicense commercial facilities in North, Central and South America. BBT would receive a 2% royalty on gross revenues from each commercial facility.
NewsWest High Yield (W.H.Y.) Resources provides Q3 2022 corporate update
Additional geotechnical test pit work requested by the British Columbia Ministry of Mines in July 2022 for the Record Ridge magnesium mine permit application was completed in August and September, with SRK results expected within weeks. The Stage-3 pre-feasibility study by Kingston Process Metallurgy is in its final stage pending financial and economic analysis of the commercial project, delayed by equipment price inflation and a commissioned market study. The Midnight Gold drilling program has completed 6,202 metres in 41 holes as of October 17, 2022, with 1,240 samples awaiting processing.
CorporateWest High Yield (W.H.Y.) Resources Ltd. reports additional multiple high-grade assays including 311 g/t Au over 0.3m, 33.7 g/t Au over 1.05m, and 15 g/t Au over 3m in 17.5m interval of DDH MN22-05 at Midnight Gold claim
Hole MN22-05 at the Midnight Gold claim in the Rossland Gold Camp, British Columbia returned 311 g/t Au over 0.3m (with 94.9 g/t Ag), 33.7 g/t Au over 1.05m, and 15 g/t Au over 3m within a 17.5 metre core intersection, following identification of visible native gold in the core. As of September 16, 2022, 3,080 metres of the 6,500 metre 2022 drilling program were completed, with three drills active on holes 15 to 17. Assays are pending for MN22-06 to MN22-08.
Drill resultsWest High Yield (W.H.Y.) Resources Ltd. drilling intersects visible gold and reports 1.5 metre assay intervals from 12.8 g/t Au to 38.4 g/t Au, mineralized zones up to 18 metres at Midnight Gold claim
Initial assay results from the first five holes of the 6,500 metre 2022 drilling program at the Midnight Gold claim in the Rossland Gold Camp, British Columbia, include six intervals grading 12.8 g/t to 38.4 g/t Au (five 1.5 metre samples and one 1.2 metre sample) in holes MN22-02, MN22-03 and MN22-04, with surrounding lower-grade zones of 3 to 18 metres and aggregate intersections to 36 metres. Silver ranged to 31.2 g/t. Visible gold was identified in MN22-02 and MN22-05. Two drills are active on holes seven and eight, with a third rig to be added in early September; 31 collar locations are permitted.
Drill results