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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West High Yield

West High Yield


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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 Proceeds from Exercise of Warrants

West High Yield Resources Ltd. Announces Proceeds from Exercise of Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces the receipt of proceeds from the exercise of certain warrants (the "Warrants") of the Company.

Two holders of Warrants (the "Warrantholders") exercised an aggregate of 280,000 Warrants resulting in the issuance of 280,000 common shares of the Company (each, a "Warrant Share"). The specific Warrants held and exercised by the Warrantholders were exercisable at a price of CAD$0.30 per Warrant Share, resulting in gross proceeds to the Company in the amount of CAD$84,000.00 upon such exercise. The Warrants exercised by the Warrantholders were issued to the Warrantholders, among others, as part of a private placement offering of the Company that closed on November 14, 2024.

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West High Yield  Resources Ltd. Announces Stock Option Grant

West High Yield Resources Ltd. Announces Stock Option Grant

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (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 50,000 stock options (each an "Option" and collectively, the "Options") effective June 3, 2025.

All of the Options were issued to a consultant of the Company. One (1) Option entitles the holder thereof to purchase one (1) common share of the Company (each a "Share" and collectively, the "Shares"). All of the Options vest on their date of grant and have a term of ten (10) years from their date of grant. The exercise price of the Options was set at CAD$0.48 per Share, which was the closing trading price of the Shares on the TSX Venture Exchange (the "TSXV") on the day immediately preceding their date of grant.

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West High Yield  Resources Ltd. Announces Proceeds from Exercise of Warrants

West High Yield Resources Ltd. Announces Proceeds from Exercise of Warrants

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces announces the receipt of proceeds from the exercise of certain warrants (the "Warrants") of the Company.

One holder of Warrants (the "Warrantholder") exercised 50,000 Warrants resulting in the issuance of 50,000 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$15,000 upon such exercise. The Warrants exercised by the Warrantholder were issued to the Warrantholder, among others, as part of a private placement offering of the Company that closed on November 9, 2024.

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West High Yield  Resources Ltd. Fully Endorses Draft Minister's Designation Report on the Record Ridge Critical Minerals Project

West High Yield Resources Ltd. Fully Endorses Draft Minister's Designation Report on the Record Ridge Critical Minerals Project

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") is pleased to acknowledge the receipt of the Environmental Assessment Office (EAO) Draft Minister's Designation Report (the "Draft Report") for the Record Ridge industrial minerals mine project (the "Project") near Rossland, British Columbia.

The Draft Report concludes that the Project does not require designation under the Environmental Assessment Act (British Columbia), as its potential environmental effects are being appropriately addressed through existing regulatory processes, including the Mines Act and Environmental Management Act (British Columbia).

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West High Yield  Resources Ltd. Announces Private Placement Offering, Loan Amendments, and World-First Magnesium Battery Breakthrough

West High Yield Resources Ltd. Announces Private Placement Offering, Loan Amendments, and World-First Magnesium Battery Breakthrough

West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce a non-brokered private placement offering for the sale of up to 3,913,043 units of the Company (the "Units") at a price of CAD$0.23 per Unit for aggregate gross proceeds of up to CAD$900,000.00 (the "Offering"), that the Company has entered into loan amending agreements (the "Loan Amendments") with Big Mountain Development Corp Ltd. (the "Lender") and a general update on the global magnesium industry.

The Offering

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West High Yield (TSXV:WHY)

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 "Offering") of units (the "Units").

The Closing

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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.

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 August 29, 2024, it has closed the first tranche (the "Closing") of its previously announced private placement offering (the "Offering") of units (the "Units").

The Closing consisted of the issuance 905,000 Units for gross proceeds of $181,000. The Units were issued at a price of $0.20 per Unit, and each Unit consists of one (1) Common share of the Company (each, a "Common Share") and one (1) Common Share purchase warrant (each, a "Warrant"). Each Warrant, together with CAD$0.30, entitles the holder thereof to acquire one (1) additional Common Share for twelve (12) months from the date of the Closing. All securities comprising the Units issued on the Closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.

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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 Innovation (the "EMLI") on September 4, 2024 (the "EMLI Meeting"). During this meeting, the Company outlined its revised permit application (the "Amended Application") for carrying out the extraction and production of critical minerals (the "RRIMM Project") at its Record Ridge Industrial Mineral Mine (the "RRIMM"), which included a reduction in the proposed tonnage output to fall under the threshold set by the British Columbia Environmental Assessment Office ("EAO") for reviewable projects for Mineral mines.

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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 August 9, 2024.

The Closing consisted of the issuance 435,076 Units for gross proceeds of $143,575.05. The Units were issued at a price of $0.33 per Unit, and each Unit consists of one (1) Common share of the Company (each, a "Common Share") and one (1) Common Share purchase warrant (each, a "Warrant"). Each Warrant, together with CAD$0.45, entitles the holder thereof to acquire one (1) additional Common Share for eighteen (18) months from the date of the Closing. All securities comprising the Units issued on the Closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.

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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 CAD$1,500,000.00 (the "Offering").

Each Unit issued under the Offering will consist of one (1) common share of the Company (each, a "Share") and one half (1/2) of one (1) Common Share purchase warrant (each, a "Warrant"). Each full Warrant, together with CAD$0.45, will entitle the holder thereof to acquire one (1) additional Common Share for a period of eighteen (18) months from each full Warrant's date of issuance. The Warrants will not be listed on the TSX Venture Exchange ("Exchange").

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