
February 24, 2023
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.
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.
This West High Yield profile is part of a paid investor education campaign.*
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Focused on critical minerals with near-term strategic high-grade magnesium/silica/nickel/iron project
15 October
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...
09 October
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...
06 October
West High Yield Resources Ltd. Announces Stock Option Grant
West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") is pleased to announce that its board of directors approved and authorized the grant and issuance of a total of 385,000 stock options (each an "Option" and collectively, the "Options")... Keep Reading...
26 September
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...
25 September
West High Yield Resources Ltd. Responds to SRRAC Judicial Review Filing and Affirms EAO Decision
West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the "Company" or "West High Yield") responds to the unfounded allegations made by the Save Record Ridge Action Committee ("SRRAC") in its recent announcement regarding a judicial review application filed against the... Keep Reading...
25 March
West High Yield (W.H.Y.) Resources Ltd. Announces Final Closing of Oversubscribed Private Placement
West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces that, further to its news releases dated February 20, 2025 and March 10, 2025, it is closing the final tranche (the "Closing") of its previously announced private placement offering (the... Keep Reading...
11 March
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...
26 September 2024
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 August 29, 2024, it has closed the first tranche (the "Closing") of its previously announced private placement offering (the "Offering") of units (the... Keep Reading...
19 September 2024
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...
09 August 2024
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...
10 July 2024
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...
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