West High Yield (W.H.Y.) Resources Ltd. Announces Exercise of Warrants

Rhea-AI Summary

West High Yield (TSXV: WHY) announced the exercise of share purchase warrants on October 24, 2025, resulting in the issuance of 794,935 common shares and gross proceeds of CAD$245,180.50.

Four warrant holders exercised 660,935 warrants at CAD$0.30 each (proceeds CAD$198,280.50) and two warrant holders exercised 134,000 warrants at CAD$0.35 each (proceeds CAD$46,900.00).

Positive

• Gross proceeds of CAD$245,180.50 raised
• Issued 794,935 new common shares from warrant exercise
• Warrants converted at CAD$0.30 and CAD$0.35 exercise prices

Negative

• Issuance of 794,935 new shares may dilute existing shareholders
• Funds raised (CAD$245,180.50) are limited for large capital needs

Calgary, Alberta--(Newsfile Corp. - October 24, 2025) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces the exercise of share purchase warrants (the "Warrants") of the Company.

Four holders of Warrants exercised 660,935 Warrants, resulting in the issuance of 660,935 common shares of the Company. The specific Warrants held and exercised by the three warrantholders were exercisable at a price of CAD$0.30 per Warrant, resulting in total proceeds to the Company in the amount of CAD$198,280.50 upon such exercise.

Two holders of Warrants exercised 134,000 Warrants, resulting in the issuance of 134,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD$0.35 per Warrant, resulting in proceeds to the Company in the amount of CAD$46,900.00 upon such exercise.

The total gross proceeds to the Company from the combined exercise of CAD$0.30 Warrants and CAD$0.35 Warrants was CAD$245,180.50.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO₂ emissions.

The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.

Contact Information:

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com

Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271815

FAQ

How many shares did West High Yield (WHY) issue from warrant exercises on October 24, 2025?

The company issued 794,935 common shares following the combined warrant exercises.

How much cash did WHY raise from the warrant exercises on October 24, 2025?

Total gross proceeds were CAD$245,180.50 from the combined exercises.

What were the warrant exercise prices for West High Yield (WHY) on October 24, 2025?

Warrants were exercised at CAD$0.30 (660,935 warrants) and CAD$0.35 (134,000 warrants).

Will the warrant exercises on October 24, 2025 affect WHY shareholder dilution?

Yes; the issuance of 794,935 new shares increases the company’s outstanding share count and may dilute existing holders.

Who exercised the warrants for West High Yield (WHY) on October 24, 2025?

The announcement states multiple warrant holders exercised warrants (four holders at CAD$0.30 and two holders at CAD$0.35) but does not name them.