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 TSX Venture Exchange approval to extend the final acceptance date for its previously announced private placement of units. The deadline for final closing and filing has moved from July 6, 2026 to July 31, 2026.
The Offering terms and unit structure remain unchanged through the new date. The private placement continues to be subject to conditions, including receipt of all required regulatory and other approvals, notably final TSXV approval on or before July 31, 2026.
West High Yield Resources (OTCQB: WHYRF) received a BC Ministry of Transportation access permit for its Record Ridge Industrial Mineral Mine Project near Rossland, BC, authorizing construction and use of road infrastructure.
The company also closed a second tranche of its private placement, issuing 2,934,666 units at $0.30 for gross proceeds of $880,399.80 to fund RRIMM Project development and working capital.
West High Yield (TSXV: WHY, FSE: W0H, WHYRF) closed the first tranche of its private placement and reported a key legal outcome for the Record Ridge project.
The company issued 1,188,334 units at $0.30 for gross proceeds of $356,500, with half-warrants exercisable at CAD$0.45 for 12 months. Proceeds will fund the Record Ridge Industrial Minerals Mine project and working capital. The Supreme Court of British Columbia dismissed the judicial review challenging the project, upholding that it is not subject to a provincial environmental assessment, and the related construction injunction has been lifted.
West High Yield Resources (OTCQB: WHYRF) announced that the Supreme Court of British Columbia dismissed a judicial review challenging the Environmental Assessment Office’s decision that the Record Ridge Industrial Minerals Mine is not subject to a provincial environmental assessment. This removes a key regulatory hurdle and lets the company advance remaining permits, including draft access and Environmental Management Act permits and a pending Licence to Cut, while maintaining Indigenous partnerships and regional economic objectives.
West High Yield Resources (WHYRF) announced a non-brokered private placement of up to 6,000,000 units at CAD$0.30 per unit, for maximum gross proceeds of CAD$1.8 million.
Each unit includes one common share and half a warrant, with full warrants exercisable at CAD$0.45 for 12 months. Proceeds will fund operations and working capital.
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.