West High Yield Res Ltd Stock Price, News & Analysis

West High Yield Resources Ltd. (TSXV: WHY) has announced the approval and issuance of 50,000 stock options to a company consultant. Each option allows the purchase of one common share at an exercise price of CAD$0.48, which was the closing price on the TSX Venture Exchange before the grant date. The options, granted on June 3, 2025, vest immediately and have a 10-year term. The grant remains subject to TSXV approval.

West High Yield Resources Ltd. (WHYRF) has announced the receipt of proceeds from warrant exercises. A warrantholder exercised 50,000 warrants at CAD$0.30 per share, resulting in the issuance of 50,000 common shares and generating gross proceeds of CAD$15,000 for the company. These warrants were originally issued as part of a private placement that closed on November 9, 2024.

West High Yield (WHYRF) has received a favorable Draft Minister's Designation Report from the Environmental Assessment Office (EAO) for its Record Ridge industrial minerals mine project in Rossland, British Columbia. The draft report concludes that the project does not require designation under the Environmental Assessment Act, as existing regulatory processes adequately address environmental concerns. The project has undergone thorough evaluation by the BC Mine Development Review Committee and secured support from the Osoyoos Indian Band. The company has provided detailed environmental data, focusing on grassland ecosystems and Mountain Holly Fern preservation, and is finalizing a Vegetation Management Plan. Stakeholders have until June 4, 2025, to provide feedback before the report is finalized.

West High Yield Resources has successfully completed the final closing of its oversubscribed private placement offering. The final tranche consisted of 1,737,899 Units issued at $0.23 per Unit, generating gross proceeds of $399,717. In total, the company issued 4,669,290 Units, raising aggregate proceeds of $1,073,937.33.

Each Unit comprises one Common Share and one Warrant, with each Warrant allowing holders to acquire an additional Common Share at CAD$0.35 within 12 months from the closing date. The securities are subject to a four-month plus one-day trading hold period. The proceeds will fund the company's permitting process, essential operations, and working capital requirements.

West High Yield Resources announced the receipt of proceeds from the exercise of stock options. An optionholder exercised 100,000 options at CAD$0.15 per share, resulting in the issuance of 100,000 common shares. These options were originally granted on November 27, 2019.

West High Yield Resources announces the final closing of its oversubscribed private placement offering, issuing 3,660,935 units at CAD$0.20 per unit for gross proceeds of CAD$732,187. The total offering raised CAD$1,138,187 through 5,690,935 units. Each unit includes one common share and one purchase warrant exercisable at CAD$0.30 for 12 months. Additionally, the company completed shares-for-debt transactions, issuing 1,600,000 common shares at CAD$0.20 per share to settle CAD$320,000 in outstanding debt. The proceeds will fund permitting processes, operations, working capital, and a planned drilling program for water monitoring holes at the Record Ridge magnesium deposit.

West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced an extension for its previously announced private placement offering. The TSX Venture Exchange (TSXV) has granted an extension for the final acceptance date of the offering. The new deadline for closing and filing acceptance of all final documentation has been extended from October 14, 2024, to November 13, 2024.

The terms of the offering and the units will remain unchanged up to and including the extension date. The offering continues to be subject to certain conditions, including regulatory and other approvals, with final TSXV approval required by the new extension date.

West High Yield Resources (TSXV: WHY) has received updated work plan timelines from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation regarding its Record Ridge Industrial Minerals Mine (RRIMM) permit process. The company is optimistic about a potential permit issuance by early December, 2024, although dates may be subject to adjustments.

West High Yield remains committed to addressing any further requests or comments from the British Columbia Mine Development Review Committee (MDRC) review of its latest amended permit submission. The company continues to work closely with Project stakeholders and regulatory authorities to ensure efficient progress.

The revised Project does not trigger the British Columbia Environmental Assessment Act Reviewable Project Regulations, eliminating the need for an environmental assessment prior to obtaining construction and operation permits for the RRIMM.

West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced the closing of a second tranche of its private placement offering, issuing 1,125,000 Units at CAD$0.20 per Unit for gross proceeds of CAD$225,000. Each Unit consists of one Common Share and one Warrant, with the Warrant allowing the purchase of an additional Common Share at CAD$0.30 within 12 months.

The company has also entered into debt settlement agreements with four creditors to convert CAD$320,000 of outstanding consulting fees into Common Shares at a deemed price of CAD$0.20 per share. The proceeds from the offering will be used for permitting processes, essential operations, working capital, and a planned drilling program for water monitoring holes at the Record Ridge magnesium deposit.