West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise of certain stock options (the "Options") and share purchase warrants (the "Warrants") of the Company.
Options
Five holders of options (the "Optionholders") exercised an aggregate of 2,400,000 Options resulting in the issuance of 2,400,000 common shares of the Company (each, an "Option Share"). The Options were exercisable at a price of CAD$0.12 per Option Share, resulting in gross proceeds to the Company in the amount of CAD$288,000.00 upon such exercise.
Warrants
One holder of Warrants (the "Warrantholder") exercised an aggregate of 100,000 Warrants resulting in the issuance of 100,000 common shares of the Company (each, a "Warrant Share"). The specific Warrants held and exercised by the Warrantholder were exercisable at a price of CAD$0.30 per Warrant Share, resulting in gross proceeds to the Company in the amount of CAD$30,000.00 upon such exercise.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.
Contact Information:
West High Yield (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263343
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West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") is very pleased to announce that the British Columbia Environmental Assessment Office (the "EAO ") has issued its Final Designation Decision confirming that the Company's Record Ridge Industrial Minerals Project (the "Project"), near Rossland, British Columbia, will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia) (the "Act").
The EAO reviewed applications submitted under Section 11 of the Act and concluded that the Project's potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO's Final Designation Report and Reasons for Decision are publicly available on the EAO's Project Information Centre: EAO EPIC – Record Ridge Project Documents.
This Final Designation Decision follows the EAO's earlier draft designation report, which reached the same conclusion. West High Yield previously issued a press release on May 28, 2025, welcoming the draft designation report 's findings: Read here.
"We are pleased that the Environmental Assessment Office respected the opinion of the Osoyoos Indian Band and has allowed the Project to proceed," said Chief Clarence Louie of the Osoyoos Indian Band. "We look forward to working with the leadership of West High Yield to ensure this Project is of the highest standards in keeping with the traditions and expectations of our people."
"We are extremely pleased with the EAO's Final Designation Decision, which validates the rigorous review our Project has already undergone through the Mine Development Review Committee process led by the British Columbia Ministry of Mining and Critical Minerals," said the Company's President and CEO, Frank Marasco Jr. "This outcome provides the clarity and certainty we need to advance toward final permitting and development of the Project. We remain committed to building a sustainable operation that delivers critical minerals for Canada while protecting the environment and creating lasting benefits for local communities and Indigenous partners."
The Project is a unique Canadian source of critical minerals, with a focus on magnesia (MgO) and silica (SiO2) products, both recognized as strategic and essential to the clean energy transition and a low-carbon economy. The Project has been reviewed by the British Columbia Mine Development Review Committee with input from provincial agencies, Indigenous Nations, and local governments, and has already advanced to the draft Mines Act (British Columbia) permit stage.
West High Yield remains committed to working in close collaboration with Indigenous partners, regulators, and stakeholders to ensure the responsible development of the Project as it advances toward final permitting.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its world-class Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.
Qualified Person
Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.
Contact Information:
West High Yield (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263234
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Highlights:
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of former U.S. Secretary of Homeland Security Kirstjen M. Nielsen as a Director of Allied's wholly owned U.S. subsidiary, Allied Critical Metals (USA) Inc. ("Allied USA").
As a Director of Allied USA, Secretary Nielsen will provide strategic counsel to Allied USA, which is focused on the importation, marketing, and distribution of tungsten across key U.S. sectors. Her appointment comes as the Company deepens its engagement with U.S. government agencies and defense partners to ensure a secure, domestic supply of critical materials vital to national security.
"Secretary Nielsen brings deep expertise in homeland security, public policy, and critical infrastructure," commented Roy Bonnell, CEO of the Company. "Her insights into federal operations, supply chain resilience, and defense readiness will be invaluable as we position ACM as a trusted partner in strengthening America's access to strategic minerals like tungsten."
Secretary Nielsen served as the sixth Secretary of the U.S. Department of Homeland Security (DHS) from 2017 to 2019, where she led efforts to protect the homeland from evolving threats, including cyberattacks, terrorism, and vulnerabilities in critical infrastructure. She previously served as Principal Deputy Chief of Staff to the President and Chief of Staff at DHS, and was a senior advisor under the George W. Bush administration, where she helped shape national preparedness policy following the 9/11 attacks.
In addition to her government service, Secretary Nielsen has held leadership roles in the private sector, including as president of a consulting firm focused on risk management and resilience. She has advised Fortune 500 companies, federal agencies, and global organizations on security, strategic response, and continuity of operations.
"I am honored to join Allied Critical Metals at such a pivotal time," commented Secretary Nielsen. "Securing the domestic supply of critical materials like tungsten is essential to national security, economic resilience, and global competitiveness. I look forward to supporting Allied USA's efforts to strengthen the U.S. supply chain and advance its mission."
Tungsten is a critical mineral used in aerospace, defense, electronics, and energy applications. ACM is committed to becoming a reliable Western supplier of tungsten, reducing dependence on non-aligned sources and supporting U.S. and allied interests in the critical minerals sector.
About Allied Critical Metals Inc.
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.
Please visit our website at www.alliedcritical.com.
Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Roy Bonnell"
Roy Bonnell
Chief Executive Officer and Director
Contact Information
For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements", including with respect to the use of proceeds. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company's management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company's profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company's mineral projects as described in the Company's Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263183
News Provided by Newsfile via QuoteMedia
Highlights:
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) ("Allied" or the "Company"), which is focused on its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Major General (Ret.) James A. "Spider" Marks to the Board of Directors of its U.S.-based subsidiary, Allied Critical Metals (USA), Inc. ("Allied USA"). Allied USA is dedicated to the importation, marketing and sales of tungsten into the United States.
General Marks is the former Commanding General, U.S. Army Intelligence Center and brings over four decades of leadership experience across military, intelligence, and commercial sectors. His distinguished U.S. Army career included leadership roles at every level across elite units such as the 101st and 82nd Airborne Divisions. He also served in strategic intelligence positions around the globe, including deployments in Iraq, Korea, and the Balkans. Post-military, he has held executive leadership roles in private industry, including as CEO of Global Linguist Solutions and InVisM, and currently serves as President of the Marks Collaborative, an advisory firm focused on corporate transformation and national security. He is an Honor Graduate of the U.S. Army's Ranger School, a Master Parachutist authorized to wear Canadian airborne wings, and has been awarded the Distinguished Service Medal, Legion of Merit, Bronze Star, and multiple expeditionary and service ribbons. He is a 1975 graduate of the United States Military Academy at West Point, and holds a Master's degree in International Affairs from the University of Virginia. Marks contributes as a military and intelligence analyst for CNN. He is an adjunct professor at Georgetown University.
"General Marks is a highly respected leader with unparalleled expertise in global defense, logistics, and strategy," said Roy Bonnell, CEO of Allied Critical Metals. "His appointment strengthens our U.S. operations at a pivotal time, as we expand our presence in the American tungsten market. His insight and network will be invaluable in helping Allied USA meet growing demand for this critical material."
Tungsten is a critical mineral essential to industries such as aerospace, defense, and electronics. As Allied USA advances its role in ensuring secure, reliable tungsten supply chains for the U.S., General Marks' deep knowledge of defense systems and national security will enhance the subsidiary's operational and strategic direction.
"I'm honored to join Allied USA's Board of Directors," commented General Marks. "We are playing a vital role in strengthening the United States' access to critical minerals, and I look forward to supporting our mission and growth."
About Allied Critical Metals Inc.
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.
Please visit our website at www.alliedcritical.com.
Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Roy Bonnell"
Roy Bonnell
Chief Executive Officer and Director
Contact Information
For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Company have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements", including with respect to the use of proceeds. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "potential for" and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company's management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company's Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company's profile at www.sedarplus.ca). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company's mineral projects as described in the Company's Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263016
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