07:35:05 EST Tue 27 Jan 2026
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 117,310,039
Close 2026-01-26 C$ 0.48
Market Cap C$ 56,308,819
Recent Sedar+ Documents

West High Yield begins pilot program at Record Ridge

2026-01-26 20:47 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ADVANCES PROCESSING PILOT PROGRAM, AND ANNOUNCES PERMITTING ADVANCEMENT AND CLOSING OF NON-BROKERED PRIVATE PLACEMENT

West High Yield (W.H.Y.) Resources Ltd. has: (i) initiated its proprietary processing pilot program at its magnesium/silica Record Ridge industrial mineral project; (ii) significantly advanced permitting and postpermit compliance activities of the project; and (iii) closed a single tranche of a conditionally approved non-brokered private placement offering of units.

Processing pilot program update

The company is pleased to report that it has initiated a pilot test of its proprietary metallurgical processing technology. A contract has been signed with Process Research Ortech Inc. of Mississauga, Ont., to conduct the pilot test at PRO's laboratory facility.

Preparatory work is already under way, with pilot operations scheduled to begin in early February, 2026, and completion, including delivery of a final report, expected in April, 2026. This pilot program represents a significant step between the successful laboratory-scale research previously conducted at Kingston Process Metallurgy in Kingston, Ont., and future full-scale industrial implementation, providing critical data to validate process performance, operating standards and scalability.

The results from the pilot program are expected to provide essential data to support the initiation of a feasibility study for the company's first commercial processing plant, which is planned to commence in mid-second quarter 2026.

Permitting and postpermit compliance update

Since receiving its Mines Act permit from the B.C. Ministry of Mining and Critical Minerals in October, 2025, the company has been working closely with its consultants and government authorities to advance the remaining permitting requirements under the project. These include the Environmental Management Act (British Columbia) permit, a water licence under the B.C. Water Sustainability Act, a licence to cut from the B.C. Ministry of Forests, and a mine access permit from the B.C. Ministry of Transportation and Transit. Significant progress has been made toward securing these approvals, and the company anticipates receiving the remaining permits in the near future. Further updates will be provided as each approval is obtained.

The company and its consultants are actively engaged in the postpermit compliance phase, working to complete and submit all required studies and reports in advance of construction. Final designs for the project's mine and access road have been completed, providing the technical foundation for the remaining compliance work.

The company is confident that this phase will be finalized on schedule, positioning it to commence project construction activities in second quarter 2026.

Grant of multiyear area-based exploration permit

The company is also pleased to report that the B.C. Ministry of Mining and Critical Minerals has granted it a multiyear area-based exploration permit valid for a five-year period. This permit authorizes the company to carry out additional exploration activities, including drilling, on its mineral claims located outside of the designated Record Ridge mining area, which is fully covered under the existing permit.

Closing of non-brokered private placement

The closing under the offering consisted of the issuance of one million units for gross proceeds of $500,000. The units were issued at a price of 50 cents per unit, with each unit consisting of one common share of the company and one-half of one common share purchase warrant. Each warrant, together with 65 cents, entitles the holder thereof to acquire one additional common share for 12 months from the date of the closing.

All securities comprising the units issued on the closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The proceeds from the closing have been and will be used by the company to cover essential operations and for general working capital purposes and expenses.

After completion of the closing, the company confirms that the offering has been completed in full. The company received conditional approval for the offering from the TSX Venture Exchange on Jan. 20, 2026, by way of filing a price reservation form. Final approval of the offering remains subject to approval by the TSX Venture Exchange, which the company has submitted for as of the date of this news release.

About West High Yield (W.H.Y.) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and 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 carbon dioxide emissions.

The company's Record Ridge critical mineral deposit located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 (Standards of Disclosure for Mineral Projects) 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 SEDAR+.

Qualified person

Rick Walker, BSc, MSc, PGeo, the company geologist, is a qualified person as defined in NI 43-101, and has reviewed and approved the technical information in this press release.

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