West High Yield (TSXV:WHY)

West High Yield: Developing a Strategic Critical Minerals High-Grade Magnesium Project with Near-Term Production


West High Yield (TSXV:WHY) focuses on critical minerals with a high-grade magnesium project nearing production. The company’s Record Ridge property will soon capitalize on the opportunity to create a new supply of magnesium outside of China and Russia. West High Yield has an experienced management team ready to bring its project to production.

The 100 percent owned Record Ridge project in British Columbia is poised to create a secure, strategic domestic supply chain to cater to North America’s magnesium demand. The company is currently awaiting permits to begin production. Once production commences, West High Yield will begin generating cash flow through the sale of ore and seek new offtake agreements.

West High Yield Project Location

The Record Ridge asset has one of the largest and highest-grade magnesium deposits in North America, and globally. The company’s resource estimate shows 43 million tonnes of ore at 24.6 percent magnesium, which implies it is a world-class asset containing 10.6 million tonnes of magnesium. In addition, West High Yield’s pre-feasibility study indicates strong economics with an after-tax NPV of 5 percent of $872 million, an internal rate of return (IRR) of 72 percent over a 172-year mine life, and payback in 1.5 years.

Company Highlights

  • West High Yield is an exploration and development mining company focusing on its advanced-stage magnesium asset nearing production.
  • The company’s flagship Record Ridge asset has the potential to strengthen the secure critical mineral on-shore North American magnesium supply chain and reduce dependence on China and Russia’s production.
  • Magnesium is used throughout several verticals, such as aerospace, clean energy and pharmaceuticals.This multiple application critical mineral continues to widen the gap between growing demand and dwindling supply creating an opportunistic tailwind for WHY Resources and the development of the Record Ridge Project.
  • Record Ridge is currently awaiting a mining permit before beginning construction.
  • West High Yield has completed a pre-feasibility study indicating robust economics that encourages the company to move forward.
  • The company prioritizes clean energy operations to reduce emissions and ensure a positive ESG rating, creating a low cost high-pedigree magnesium product and results in virtually no CO2 emissions.
  • An experienced management team leads the company toward fully realizing the potential of its assets.

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Focused on critical minerals with near-term strategic high-grade magnesium/silica/nickel/iron project

West High Yield  Resources Ltd. Announces Exercise of Warrants

West High Yield Resources Ltd. Announces Exercise of Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise share purchase warrants (the "Warrants") of the Company.Four holders of Warrants exercised 415,435 Warrants resulting in the issuance of 415,435 common... Keep Reading...
West High Yield  Resources Ltd. Announces Exercise of Warrants

West High Yield Resources Ltd. Announces Exercise of Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces the exercise share purchase warrants (the "Warrants") of the Company.Four holders of Warrants exercised 950,000 Warrants resulting in the issuance of 950,000 common shares of... Keep Reading...
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West High Yield  Resources Ltd. Announces Exercise of Warrants

West High Yield Resources Ltd. Announces Exercise of Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise share purchase warrants (the "Warrants") of the Company.Three holders of Warrants exercised an aggregate of 570,000 Warrants resulting in the issuance of... Keep Reading...
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West High Yield (W.H.Y.) Resources Ltd. Announces Final Closing of Oversubscribed Private Placement

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West High Yield Director and Corporate Secretary Barry Baim.

West High Yield Gears Up for 2025 Production at Record Ridge Magnesium Project

Barry Baim, board director and corporate secretary at West High Yield Resources (TSXV:WHY), provided an update on development progress at the Record Ridge magnesium project in BC, Canada.The company executive said the asset is expected to commence production in 2025. Keep Reading...
West High Yield (TSXV:WHY)

West High Yield (W.H.Y.) Resources Ltd. Announces First Tranche Closing of Private Placement

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West High Yield (TSXV:WHY)

West High Yield (W.H.Y.) Resources Ltd. Announces Amended Permit Submission

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (the "Company" or "West High Yield") is pleased to announce that, further to its news release dated August 29, 2024, the Company had a productive forward-focused meeting with the British Columbia Ministry of Energy, Mines and Low Carbon... Keep Reading...
West High Yield (TSXV:WHY)

West High Yield (W.H.Y.) Resources Ltd. Announces First Tranche Closing of Private Placement

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, further to its news release of July 9, 2024, it has closed the first tranche (the "Closing") of its previously announced private placement offering (the "Offering") of units (the "Units") on... Keep Reading...
West High Yield (TSXV:WHY)

West High Yield (W.H.Y.) Resources Ltd. Announces Private Placement Offering

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (the "Company" or "West High Yield") is pleased to announce a non-brokered private placement offering for the sale of up to 4,545,454 units of the Company (the "Units") at a price of CAD$0.33 per Unit for aggregate gross proceeds of up to... Keep Reading...
West High Yield

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