West High Yield Resources Secures Approval for Record Ridge Mine

West High Yield Resources (TSXV:WHY,OTC Pink:WHYRF) has received final approval from BC's Ministry of Mines and Critical Minerals to develop and operate its Record Ridge industrial minerals mine near Rossland.

The provincial Mines Act Permit authorizes the construction and operation of the Record Ridge project after years of environmental assessment and consultation with Indigenous and local communities.

“This major milestone represents years of disciplined technical, regulatory, and community collaboration,” said Frank Marasco, president and CEO of West High Yield, in a Tuesday (October 21) press release.

“The (Record Ridge) Permit validates the strength of our Project, our team, and our long-term vision.”

The project focuses on magnesium, which is a key component for electric vehicles, clean energy technologies and advanced manufacturing. It also includes silica, nickel and iron.

Construction and mining will proceed in collaboration with Skemxist Solutions, a partner company of the Osoyoos Indian Band (OIB), ensuring Indigenous participation and oversight in environmental management and contracting.

Chief Clarence Louie of the OIB welcomed the decision, saying, “Through collaboration with WHY Resources and Skemxist Solutions, we are demonstrating that responsible development and Indigenous economic leadership can go hand in hand. This Project brings opportunity, training, and long-term benefits for our people and the entire region.”

The company said its immediate focus will be on post-permit compliance work, including environmental, safety and engineering activities, followed by site preparation and road construction.

During the mine’s initial phase, ore from Record Ridge will be shipped to a US buyer for offsite processing, generating early cash flow while plans for a domestic refining facility advance.

Marasco said the company’s long-term goal is to establish Canada’s first magnesium-refining plant, which could create hundreds of jobs and strengthen British Columbia’s role in the global critical minerals sector. “

The mine is expected to provide significant economic benefits for the surrounding region through new employment, training and contracting opportunities while supporting Canada’s clean energy transition.

The company also notes that future verticals under evaluation include magnesium oxide and silica production, pharmaceutical-grade magnesium and magnesium wallboard, which are all essential materials in renewable energy and construction industries.

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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: West High Yield Resources is a client of the Investing News Network. This article is not paid-for content.