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 (W.H.Y.) Resources (WHYRF) announced a non-brokered private placement seeking gross proceeds of up to CAD$1,300,000.00.
The offering comprises up to 4,814,815 units at CAD$0.27 each, with each unit containing one common share and half a share purchase warrant. Each full warrant permits the purchase of one additional share at CAD$0.37 for twelve months from issuance. The company may pay eligible finders a cash commission and additional warrants. Proceeds will cover essential operations and general working capital expenses. Closing remains subject to necessary approvals, including TSX Venture Exchange acceptance and approval.
West High Yield Resources (WHYRF) has received an Occupant Licence to Cut and Remove from the British Columbia Ministry of Forests for its Record Ridge Industrial Mineral Mine Project near Rossland, BC.
The OLTC covers an approximately 50.062-hectare area and allows the company to cut, deck and remove Crown timber, a key step for timber clearing and site preparation ahead of construction once pre-disturbance conditions are met. This follows a British Columbia Mines Act permit issued in October 2025 and a highway access permit granted in June 2026, further advancing provincial permitting. The company continues work on environmental authorization under the Environmental Management Act and technical and financing workstreams, and highlights a NI 43-101 Measured and Indicated resource of 43.0 million tonnes at 24.61% Mg, or about 10.6 million tonnes contained magnesium.
West High Yield Resources (WHYRF) completed the final tranche of its previously announced private placement of units. The last closing comprised 300,000 Units at $0.30 each for gross proceeds of $90,000. Each Unit includes one common share and one-half common share purchase warrant, with each full warrant exercisable at $0.45 for 12 months.
In total, the Offering comprised 4,423,000 Units for aggregate gross proceeds of $1,326,900. A finder received $1,800 in cash and 6,000 finder’s warrants. TSX Venture Exchange final approval is pending. Proceeds are designated for essential operations and general working capital.
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.