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 (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.
West High Yield (WHYRF) announced the award of a BC Mines Act permit for the Record Ridge magnesium project, marking a key regulatory milestone in 2025.
The company says Record Ridge has been advanced into pre-construction readiness and plans to move to construction and first production in 2026. The 2026 roadmap includes final project engineering, long-lead procurement, site preparation, infrastructure development, and the launch of construction toward operational start-up.
Management frames Record Ridge as an environmentally responsible magnesium/silica mine aligned with growing government support for critical mineral supply chains.
West High Yield (WHYRF) announced it has posted the initial reclamation bond for the Record Ridge magnesium and critical minerals project and is advancing permit conditions and pre-construction work toward targeted site mobilization in Q2 2026. The bond fulfills a Mines Act permit requirement, reduces regulatory timeline uncertainty, and aligns the project with provincial environmental and closure standards. The company is completing vegetation audits, tree marking, and baseline site preparation while pursuing federal, provincial and private financing to support phased construction and potential downstream processing.
West High Yield (WHYRF) announced on December 1, 2025 that holders exercised share purchase warrants, resulting in the issuance of 250,000 common shares.
Three warrant holders exercised a total of 250,000 Warrants at an exercise price of CAD$0.35 per Warrant, producing total gross proceeds of CAD$87,500 to the company.
West High Yield (TSXV: WHY / OTC: WHYRF) announced the exercise of share purchase warrants on November 14, 2025. Five warrant holders exercised a total of 180,000 warrants, leading to issuance of 180,000 common shares.
The exercised warrants were at a price of CAD$0.30 each, generating CAD$54,000 in total gross proceeds to the company.
West High Yield (TSXV: WHY / FSE: W0H / OTC: WHYRF) announced on November 7, 2025 that holders exercised share purchase warrants, resulting in the issuance of 1,200,000 common shares.
Five warrant holders exercised a total of 1,200,000 warrants at an exercise price of CAD$0.30 per warrant, producing gross proceeds of CAD$360,000 to the company upon exercise.