West High Yield (W.H.Y.) Resources Ltd.

Recent News

  • West High Yield (W.H.Y.) Resources Ltd. Announces Final Closing of Oversubscribed Private Placement

    Calgary, Alberta--(Newsfile Corp. - January 26, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce, further to its news releases of December 13, 2022, December 22, 2022 and January 18, 2023, that it has closed the final tranche (the "Closing") of its previously announced private placement offering (the "Offering") of ordinary units (the "Ordinary Units").The Closing consisted of the issuance of 159,524 Ordinary Units for gross proceeds of $67,000....

    2023-01-26 2:20 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Announces Second Tranche Closing of Oversubscribed Private Placement

    Calgary, Alberta--(Newsfile Corp. - January 18, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce, further to its news releases of December 13, 2022 and December 22, 2022, that it has closed the second tranche (the "Closing") of its previously announced private placement offering (the "Offering") of ordinary units of the Company (the "Units").The Closing consisted of the issuance of 309,530 Units for gross proceeds of $130,002.60. The...

    2023-01-18 12:00 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Announces First Tranche Closing of Oversubscribed Private Placement

    Calgary, Alberta--(Newsfile Corp. - December 23, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce, further to its news release of December 13, 2022, that it has closed the first tranche (the "Closing") of both of its previously announced private placement offerings (the "Offerings") of flow-through units of the Company (the "Flow-Through Units") and ordinary units of the Company (the "Ordinary Units" and together with the Flow-Through Units, the...

    2022-12-23 1:45 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Strikes More Vein-Hosted Visible Gold, Reports High-Grade Assays from Midnight Gold Claim

    Calgary, Alberta--(Newsfile Corp. - December 20, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce the confirmation of additional high-grade gold assays (see Table 1) including the identification of visible native gold in drill core from DDH MN22-13 (see Figures 1 and 2) and to provide an update from the 2022 6,000 metre exploration drilling program (the "2022 Program"). The 2022 Program was completed and closed for the winter...

    2022-12-20 12:01 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Announces Flow-Through and Standard Private Placement Offerings

    Calgary, Alberta--(Newsfile Corp. - December 13, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce two concurrent private placement offerings (collectively, the "Offerings") to raise aggregate gross proceeds of up to CAD$1,250,000. GloRes Securities Inc. (the "Agent") will act as Agent for the Offerings.The first of the two Offerings shall consist of the sale of up to 1,500,000 units (the "Flow-Through Units") of the Company at a price...

    2022-12-13 6:47 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Announces Signing of Services Agreement and Termination of Market-Making Agreement

    Calgary, Alberta--(Newsfile Corp. - November 30, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has engaged Red Cloud Securities Inc. ("RCSI") to initiate and provide market stabilization and liquidity related services pursuant to a Letter Agreement (the "Agreement") in compliance with the applicable policies of the TSX Venture Exchange.Services AgreementFor the provision of services by RCSI under the Agreement, the Company has agreed to pay...

    2022-11-30 4:30 PM EST
  • West High Yield (W.H.Y.) Resources Ltd. Announces Completion of Positive Pre-Feasibility Study for Magnesium Oxide Production Plant

    Key Pre-feasibility Study ("PFS" or the "Study") highlights:Robust Project Economics: Post-tax net present value ("NPV") (discount rate 5%) of $871.8 million and post-tax internal rate of return ("IRR") of 72.03% using a long-term magnesia ("MgO") baseline price of $1,500/metric tonne ("Mt") and an exchange rate of CAD$1.00 = US$0.73. Production profile: Annual average production of 86,500 tonnes of 98% purity MgO product at capacity.Low capital intensity: Initial capital expenditures ("CAPEX") of $205.4 million including mine preproduction, processing, and infrastructure (access...

    2022-11-29 9:00 AM EST
  • West High Yield (W.H.Y.) Resources Ltd. Signs Memorandum of Understanding Regarding Magenisum Metal Ingot Processing Technology License

    Calgary, Alberta--(Newsfile Corp. - October 25, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has signed a non-binding memorandum of understanding (the "MOU") with Big Blue Technologies LLC ("BBT"), a U.S. based technology company that has developed a green process to produce magnesium ("Mg") ingots from magnesium oxide ("MgO") and Mg ores, that contemplates, among other things, working towards entering into a definitive exclusive license agreement (the "License...

    2022-10-25 9:00 AM EDT