West High Yield Resources Ltd. announces that, further to its news releases dated September 13, 2023, September 26, 2023 and October 12, 2023, it has received an extension from the TSX Venture Exchange with respect to the duration and size of its previously announced private placement offering of units . The outside date for the final closing and filing of all final documentation in respect of the Offering has been [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged ACS Moschner & Co GmbH , a company based out of Vienna, Austria, to provide exclusive consulting services in an effort to explore alternative growth options and realize the full potential for the Company, pursuant to a Consultancy Mandate Agreement in compliance with the applicable policies of the TSX Venture Exchange. For the provision of service [...]
West High Yield Resources Ltd. is pleased to provide an update on the progress of its permit application and announces that it has submitted its amended permit application for its Record Ridge Industrial Mineral Mine to the British Columbia Ministry of Energy, Mines and Low Carbon Innovation and BC Ministry of Environment and Climate Change Strategy . The Company held public open house meetings on May 17 and May 18, 2023 [...]
West High Yield Resources Ltd. is pleased to announce, further to its news releases of September 13, 2023 and September 26, 2023, that it has closed the first tranche of its previously announced private placement offering of units . The Closing consisted of the issuance of 2,259,152 Units for gross proceeds of $519,605.04. The Units were issued at a price of $0.23 per Unit, and each Unit consists of one Common share of [...]
West High Yield Resources Ltd. announces that it has repriced the non-brokered private placement of units for gross proceeds of up to CAD$900,000 , previously announced on September 13, 2023. The price per Unit has been repriced from CAD$0.30 per Unit to $0.23 per Unit. Each Unit will continue to consist of one common share of the Company and one Common Share purchase warrant . Each Warrant, together with CAD$0.35, will [...]
West High Yield Resources Ltd. today announced that it has changed its auditors from KPMG LLP to MNP LLP . The Former Auditor resigned as the Company's auditor. The board of directors of the Company appointed the Successor Auditor as the new auditor effective September 21, 2023, until the close of the Company's next annual general meeting of shareholders. There were no reservations in the Former Auditor's audit reports [...]
West High Yield Resources Ltd. is pleased to announce a non-brokered private placement offering for the sale of up to 3,000,000 units of the Company at a price of CAD$0.30 per Unit for aggregate gross proceeds of up to CAD$900,000 . Each Unit will consist of one common share of the Company and one Common Share purchase warrant . Each Warrant, together with CAD$0.35, will entitle the holder thereof to acquire one [...]
West High Yield Resources Ltd. is pleased to announce the signing of a Cooperation Agreement with the Osoyoos Indian Band regarding the Company's Record Ridge magnesium project located near Rossland , British Columbia. The Project contains critical minerals essential to the development of Canada's green economy and achievement of its climate change goals. It is also in the OIB's asserted traditional territory and the OIB [...]
West High Yield Resources Ltd. announces that, as a result of a continuous disclosure review by the Alberta Securities Commission , the Company is issuing the following news release to provide clarity regarding its document entitled "NI 43101-TECHNICAL REPORT Pre-Feasibility Study for Record Ridge Magnesia Production" . The Report was filed on SEDAR on November 30, 2022 and a news release highlighting the findings of the [...]
West High Yield Resources Ltd. is pleased to provide a comprehensive update on major strategic developments shaping the magnesium market. These insights are aimed at keeping the Company's valued stakeholders well-informed about the economic, geopolitical, and industrial trends influencing the sector's growth and future potential and supporting an energy transition to zero-carbon emission. Market Growth Projections The [...]
West High Yield Resources Ltd. is pleased to provide an update on the progress of its application for a mining permit for its Record Ridge Industrial Mineral Mine magnesium deposit located 10 kilometers southwest of Rossland, British Columbia. First Provincial Mining Development Review Committee Meeting introduced the technical review process On June 27, 2023, a meeting with the Provincial Mining Development Review [...]
West High Yield Resources Ltd. is pleased to announce it has completed a sixth tranche closing under the drawdown equity financing facility with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December 14, 2021. Under the closing of the Sixth Tranche, the Company issued 1,000,000 units to Alumina at a [...]