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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 (TSXV: WHY) announced the exercise of share purchase warrants by multiple holders. Two warrant holders exercised 525,000 warrants at CAD$0.30 each, generating proceeds of CAD$157,500. Additionally, three holders exercised 73,478 warrants at CAD$0.35 each, contributing CAD$25,717.30. The total proceeds from all warrant exercises amounted to CAD$183,217.30, resulting in the issuance of 598,478 new common shares.
West High Yield Resources (TSXV: WHY) has received a draft mining permit from the British Columbia Ministry of Mining and Critical Minerals for its Record Ridge Industrial Minerals Mine Critical Minerals project. The draft permit outlines conditions for the company's planned magnesium and silica extraction activities.
The company will conduct a thorough review of the draft permit with internal and external experts to ensure compliance with technical, environmental, and operational requirements. A final decision on the mining permit application is expected in the coming weeks.
West High Yield Resources (TSXV: WHY) has announced the exercise of share purchase warrants by multiple holders. One warrantholder exercised 50,000 warrants at CAD$0.30 each, generating proceeds of CAD$15,000. Additionally, two warrantholders exercised 112,000 warrants at CAD$0.35 each, resulting in proceeds of CAD$39,200.
The combined warrant exercises generated total gross proceeds of CAD$54,200 for the Company and resulted in the issuance of 162,000 new common shares.
West High Yield Resources (TSXV: WHY) announced the exercise of stock options and warrants. Five option holders exercised 2,400,000 options at CAD$0.12 per share, generating gross proceeds of CAD$288,000. Additionally, one warrant holder exercised 100,000 warrants at CAD$0.30 per share, resulting in proceeds of CAD$30,000.
The combined transactions resulted in the issuance of 2,500,000 new common shares and total gross proceeds of CAD$318,000 for the Company.
West High Yield Resources (TSXV: WHY) has received a favorable Final Designation Decision from the British Columbia Environmental Assessment Office (EAO) for its Record Ridge Industrial Minerals Project. The EAO confirmed that the project will not require additional environmental review under Section 11 of the Environmental Assessment Act, as potential effects are adequately addressed through existing regulations.
The project, located near Rossland, British Columbia, focuses on producing critical minerals including magnesia (MgO) and silica (SiO2), essential for clean energy transition. The Osoyoos Indian Band has expressed support for the project, and it has already advanced to the draft Mines Act permit stage after review by the British Columbia Mine Development Review Committee.
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.