Welcome to our dedicated page for West High Yield Res news (Ticker: WHYRF), a resource for investors and traders seeking the latest updates and insights on West High Yield Res stock.
West High Yield (W.H.Y.) Resources Ltd. reports developments tied to its Record Ridge Industrial Minerals Mine project near Rossland, British Columbia, and to corporate capital actions. Company updates center on magnesium-rich serpentine ore, mining and access permits, environmental assessment and court proceedings, and commercial arrangements for ore sales.
Recurring news also includes exercises of stock options and share purchase warrants, common-share issuances, gross proceeds from those exercises, and technical disclosures reviewed under NI 43-101 standards. The company’s releases frame project advancement alongside regulatory approvals, third-party consents, financing availability, and other resource-sector risk factors.
West High Yield Resources (OTCQB: WHYRF) received the draft Environmental Management Act permit from British Columbia for its Record Ridge Industrial Mineral Mine Project near Rossland, BC.
This follows the Mines Act permit and draft Highway Access permit, advancing permitting, pilot processing work, and construction funding efforts toward potential 2026 operations.
West High Yield (TSXV: WHY; OTC: WHYRF) announced the exercise of 1,150,000 stock options on May 7, 2026, producing 1,150,000 new common shares and gross proceeds of CAD$230,000 at an exercise price of CAD$0.20 per share.
The issuance reflects optionholder exercises and results in immediate cash proceeds to the company.
West High Yield (WHYRF) announced that three option holders exercised an aggregate of 500,000 stock options, leading to issuance of 500,000 common shares.
The options were exercised at CAD$0.18 per share, generating gross proceeds of CAD$90,000 to the company on April 15, 2026.
West High Yield (OTC:WHYRF) executed a definitive forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore from the Record Ridge Industrial Minerals Mine (RRIMM) near Rossland, BC.
The deal requires a USD $5,000,000 initial deposit, sets a USD $500/tonne price for the first two years, targets ~6,600–7,700 tonnes/week in operating months, and implies potential revenue in excess of USD $30 million/year during the initial two-year production stage.
West High Yield (OTC:WHYRF) reports the Supreme Court of British Columbia granted a temporary injunction on March 11, 2026, stopping ground-disturbing construction at the Record Ridge Industrial Minerals Mine (RRIMM) until a Judicial Review Hearing resolves whether an environmental assessment is required.
The hearing was accelerated from August 17, 2026 to May 5, 2026. The company filed a leave to appeal on March 11, 2026 and will seek an increase to the security posted by the plaintiffs, currently $162,500. The RRIMM Project remains permitted under the British Columbia Mines Act and the company cites a recently executed definitive offtake agreement with Galaxy Trade and Technology.
West High Yield (OTC:WHYRF) executed a definitive forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore from the Record Ridge Industrial Minerals Mine (RRIMM Project).
The deal includes a USD$5,000,000 initial deposit, a unit price of USD$500 per tonne for an initial two-year term (option to extend to nine years), expected weekly deliveries of ~6,600–7,700 tonnes in operating months, and potential revenue exceeding USD$30,000,000 per year during the initial two-year production stage. The RRIMM Project holds a Mines Act permit (October 2025) and is advancing to construction.
West High Yield (WHYRF) announces that four warrantholders exercised an aggregate of 785,750 share purchase warrants on March 11, 2026.
The warrants were exercised at CAD$0.35 per warrant, resulting in the issuance of 785,750 common shares and total gross proceeds of CAD$275,012.50.
West High Yield Resources (OTC:WHYRF) received a draft highway access permit from the British Columbia Ministry of Transportation and Transit for its Record Ridge Industrial Mineral Mine near Rossland, BC, dated March 9, 2026. This follows a Mines Act permit issued October 20, 2025, and advances project readiness by defining proposed access from the Cascade Highway corridor. The company will finalize permit conditions with MOTT, complete engineering design and traffic safety measures, and pursue remaining post-permit compliance. Ongoing initiatives include pilot processing, engineering studies, and a commercial feasibility study targeted for mid-2026.
West High Yield (OTC:WHYRF) initiated a proprietary processing pilot at its Record Ridge magnesium/silica project with operations scheduled to start in early February 2026 and a final pilot report expected in April 2026. The pilot will feed data for a feasibility study planned to begin mid-Q2 2026. The company received a Mines Act Permit in October 2025 and a five-year area-based exploration permit. Final permits remain pending, and the company closed a non-brokered private placement of 1,000,000 units for gross proceeds of CAD$500,000.
West High Yield (OTC:WHYRF) closed a conditionally approved non-brokered private placement on January 7, 2026, issuing 1,000,000 Units at $0.50 per Unit for gross proceeds of $500,000.
Each Unit comprises one common share and one warrant; each warrant is exercisable for one common share at CAD $0.65 within 12 months of closing. Securities are subject to a four months plus one day hold period. Proceeds will be used for essential operations and general working capital.
The TSX Venture Exchange gave conditional approval on December 30, 2025, and final TSXV approval remains pending.