Key facts
| Company | WHYResources (TSXV: WHY) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About 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.
News releases17 on file
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
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 placem
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 Co
FinancingWest 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 infrastru
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,
CorporateWest 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
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
FinancingWest 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 Co
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
FinancingWest 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. T
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 R
FinancingWest 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 magn
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 nicke
FinancingOsoyoos 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 Developmen
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, ha
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 d
CorporateWest 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 b
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