West High Yield (W.H.Y.) Resources Ltd. Announces Exercise of Warrants
Rhea-AI Summary
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.
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Negative
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News Market Reaction
On the day this news was published, WHYRF declined 1.57%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers in Other Industrial Metals & Mining showed mixed moves, from -5.71% (SURGE BATTERY METALS INC) to +8.93% (SURGE COPPER CORP), suggesting company-specific factors rather than a unified sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | Project update | Neutral | -1.6% | Initial reclamation bond posted and permit conditions advancing for Record Ridge. |
| Dec 01 | Warrant exercise | Neutral | -1.6% | Three holders exercised 250,000 warrants for 250,000 new common shares. |
| Nov 14 | Warrant exercise | Neutral | +2.0% | Five holders exercised 180,000 warrants at CAD$0.30 for CAD$54,000 proceeds. |
| Nov 07 | Warrant exercise | Neutral | -5.8% | Exercise of 1,200,000 warrants at CAD$0.30, adding CAD$360,000 in gross proceeds. |
| Oct 31 | Warrant exercise | Neutral | +1.3% | 1,823,487 warrants exercised at CAD$0.30–0.35, raising CAD$608,220.45. |
Recent warrant exercise announcements have produced mixed one-day reactions, with both positive and negative moves following similar dilution-plus-cash updates.
Over recent months, West High Yield reported multiple warrant exercises and a project update. On Oct 15–31, 2025 and Nov 7–14, 2025, several releases detailed exercised warrants, new common shares issued, and gross proceeds in the tens to hundreds of thousands of CAD. A Dec 2, 2025 corporate update highlighted the initial reclamation bond and advancing permit conditions. The current warrant exercise continues this pattern of incremental balance sheet and capital-structure changes.
Market Pulse Summary
This announcement reports the exercise of 250,000 share purchase warrants at CAD$0.35, resulting in 250,000 new common shares and CAD$87,500 in gross proceeds. It continues a pattern of recent warrant exercises that incrementally adjust the capital structure while providing cash to the company. Investors may track the frequency and size of such exercises, the resulting share count changes, and how they intersect with project milestones and future financing needs.
Key Terms
AI-generated analysis. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - December 1, 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.
Three holders of Warrants exercised 250,000 Warrants resulting in the issuance of 250,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD
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/276442
FAQ
How many warrants did West High Yield (WHYRF) announce were exercised on December 1, 2025?
What exercise price was used for the 250,000 warrants exercised by WHYRF holders?
How much cash did West High Yield (WHYRF) receive from the warrant exercises on December 1, 2025?
How many warrant holders participated in West High Yield's December 1, 2025 exercise?
Will the 250,000 new shares from WHYRF warrant exercises be issued immediately?
