Osoyoos Indian Band Signs Cooperation Agreement with West High Yield Resources for the Record Ridge Magnesium Project
Calgary, Alberta--(Newsfile Corp. - September 11, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce the signing of a Cooperation Agreement (the "Agreement") with the Osoyoos Indian Band ("OIB") regarding the Company's Record Ridge magnesium project (the "Project") located near Rossland , British Columbia. The Project contains critical minerals essential to the development of Canada's green economy and achievement of its...
2023-09-11 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Issues Clarifying News Release
Calgary, Alberta--(Newsfile Corp. - September 8, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, as a result of a continuous disclosure review by the Alberta Securities Commission (the "ASC"), the Company is issuing the following news release to provide clarity regarding its document entitled "NI 43101-TECHNICAL REPORT Pre-Feasibility Study for Record Ridge Magnesia Production" (the " Report"). The Report was filed on SEDAR on...
2023-09-08 4:47 PM EDT
West High Yield Resources Provides Strategic and Critical Minerals/ Magnesium Market Updates
Calgary, Alberta--(Newsfile Corp. - July 25, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide a comprehensive update on major strategic developments shaping the magnesium market. These insights are aimed at keeping the Company's valued stakeholders well-informed about the economic, geopolitical, and industrial trends influencing the sector's growth and future potential and supporting an energy transition to zero-carbon...
2023-07-25 12:14 PM EDT
West High Yield Resources Provides an Update on Permit Application for Its Record Ridge Magnesium Project
Calgary, Alberta--(Newsfile Corp. - July 4, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the progress of its application for a mining permit for its Record Ridge Industrial Mineral Mine ("RRIMM" or the "Project") magnesium deposit located 10 kilometers southwest of Rossland, British Columbia. First Provincial Mining Development Review Committee Meeting introduced the technical review process On June 27,...
2023-07-04 11:47 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing Under Equity Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - May 19, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has completed a sixth tranche closing (the "Sixth Tranche") under the drawdown equity financing facility (the "Facility") with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December 14,...
2023-05-19 5:53 PM EDT
West High Yield Announces B.C. Ministry of Mines Accepts Record Ridge Industrial Mineral Mine Permit Submission and Provides Terms of Reference for Final Technical Review
Calgary, Alberta--(Newsfile Corp. - May 5, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the next milestone achieved for obtaining its industrial mining permit (the "Permit") for the Record Ridge Industrial Mineral Mine ("RRIMM" or the "Project") magnesium deposit located 10 kilometers southwest of Rossland, British Columbia. RRIM Permit - Final Technical Review On May 3, 2023, the British Columbia Ministry...
2023-05-05 9:00 AM EDT
West High Yield Provides a Corporate Update
Calgary, Alberta--(Newsfile Corp. - April 5, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the status of its mining permit progress for the Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, British Columbia ("Record Ridge" or the "Project") and on the status of its nearby Midnight Gold drilling program (the "Midnight Gold Drilling Program"). Record Ridge Mining Permit As of March...
2023-04-05 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Terms of Marketing Consulting Agreement
Calgary, Alberta--(Newsfile Corp. - February 13, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has engaged Equity.Guru Media Inc. ("EG") to initiate and provide marketing and consulting services pursuant to a Marketing Consulting Agreement (the "Agreement") in compliance with the applicable policies of the TSX Venture Exchange. For the provision of service rendered by EG under the Agreement, the Company will pay...
2023-02-13 10:48 AM EST
West High Yield (W.H.Y.) Resources Ltd. Announces Grant of Stock Options
Calgary, Alberta--(Newsfile Corp. - February 3, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that its board of directors approved and authorized the grant of 1,748,000 stock options (the "Options") to various directors and consultants of the Company effective February 3, 2023. The Options were granted in accordance with the terms of the stock option plan of the Company. All of the Options vested on their date of grant....
2023-02-03 5:17 PM EST
West High Yield (W.H.Y.) Resources Ltd. Completes 2022 Core Assay Program and Discovers New Vein-Hosted Gold to 32.5 g/t
Calgary, Alberta--(Newsfile Corp. - February 1, 2023) - 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 Tables 1 and 2) and to provide a status update from its 6,000 metre exploration drilling program initiated in 2022 at its Midnight gold claim ("Midnight") located in Rossland, British Columbia (the "2022 Drilling Program"). The Rossland Gold Camp historically produced...
2023-02-01 9:00 AM EST
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...
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...
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...
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...
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...
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 Agreement For the provision of services by RCSI under the...
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...
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...
2022-10-25 9:00 AM EDT
West High Yield Provides Q3 2022 Corporate Update
Calgary, Alberta--(Newsfile Corp. - October 18, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia ("Record Ridge" or the "Project") and on the progress of the pre-feasibility study ("PFS") semi-commercial/commercial plant design and its updated economics. The Company further...
2022-10-18 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing Under Equity Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - September 22, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has completed a fifth tranche closing (the "Fifth Tranche") under the drawdown equity financing facility (the "Facility") with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated...
2022-09-22 10:58 AM EDT