West High Yield Resources Ltd. is pleased to announce a non-brokered private placement offering for the sale of up to 3,000,000 units of the Company at a price of CAD$0.30 per Unit for aggregate gross proceeds of up to CAD$900,000 . Each Unit will consist of one common share of the Company and one Common Share purchase warrant . Each Warrant, together with CAD$0.35, will entitle the holder thereof to acquire one [...]
West High Yield Resources Ltd. is pleased to announce the signing of a Cooperation Agreement with the Osoyoos Indian Band regarding the Company's Record Ridge magnesium project located near Rossland , British Columbia. The Project contains critical minerals essential to the development of Canada's green economy and achievement of its climate change goals. It is also in the OIB's asserted traditional territory and the OIB [...]
West High Yield Resources Ltd. announces that, as a result of a continuous disclosure review by the Alberta Securities Commission , 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 was filed on SEDAR on November 30, 2022 and a news release highlighting the findings of the [...]
West High Yield Resources Ltd. 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 emission. Market Growth Projections The [...]
West High Yield Resources Ltd. is pleased to provide an update on the progress of its application for a mining permit for its Record Ridge Industrial Mineral Mine 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, a meeting with the Provincial Mining Development Review [...]
West High Yield Resources Ltd. is pleased to announce it has completed a sixth tranche closing under the drawdown equity financing facility with Alumina Partners Ltd. , 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, 2021. Under the closing of the Sixth Tranche, the Company issued 1,000,000 units to Alumina at a [...]
West High Yield Resources Ltd. is pleased to provide an update on the next milestone achieved for obtaining its industrial mining permit for the Record Ridge Industrial Mineral Mine magnesium deposit located 10 kilometers southwest of Rossland, British Columbia. RRIM Permit - Final Technical Review On May 3, 2023, the British Columbia Ministry of Mines , having completed the screening process of the Company's initial [...]
West High Yield Resources Ltd. 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 and on the status of its nearby Midnight Gold drilling program . Record Ridge Mining Permit As of March 31, 2023, the Company has submitted all material information, mine site engineering designs, and corresponding [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Equity.Guru Media Inc. to initiate and provide marketing and consulting services pursuant to a Marketing Consulting 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 EG a fee equal to CAD$13,333 per month. The Agreement will be in [...]
West High Yield Resources Ltd. is pleased to announce that its board of directors approved and authorized the grant of 1,748,000 stock 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. One Option entitles the holder thereof to purchase one [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional high-grade gold assays and to provide a status update from its 6,000 metre exploration drilling program initiated in 2022 at its Midnight gold claim located in Rossland, British Columbia . The Rossland Gold Camp historically produced over 2.76 million ounces of recovered gold and 3.52 million ounces of recovered silver. HIGHLIGHTS [...]
West High Yield Resources Ltd. 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 of its previously announced private placement offering of ordinary units . The Closing consisted of the issuance of 159,524 Ordinary Units for gross proceeds of $67,000. The Ordinary Units were issued at a price of $0.42 per Ordinary Unit [...]