West High Yield Resources Ltd. is pleased to provide an update on the next milestone achieved for obtaining its industrial mining permit for the Record Ridge Industrial Mineral Mine magnesium deposit located 10 kilometers southwest of Rossland, British Columbia. RRIM Permit - Final Technical Review On May 3, 2023, the British Columbia Ministry of Mines , having completed the screening process of the Company's initial [...]
West High Yield Resources Ltd. is pleased to provide an update on the status of its mining permit progress for the Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, British Columbia and on the status of its nearby Midnight Gold drilling program . Record Ridge Mining Permit As of March 31, 2023, the Company has submitted all material information, mine site engineering designs, and corresponding [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Equity.Guru Media Inc. to initiate and provide marketing and consulting services pursuant to a Marketing Consulting Agreement in compliance with the applicable policies of the TSX Venture Exchange. For the provision of service rendered by EG under the Agreement, the Company will pay EG a fee equal to CAD$13,333 per month. The Agreement will be in [...]
West High Yield Resources Ltd. is pleased to announce that its board of directors approved and authorized the grant of 1,748,000 stock options to various directors and consultants of the Company effective February 3, 2023. The Options were granted in accordance with the terms of the stock option plan of the Company. All of the Options vested on their date of grant. One Option entitles the holder thereof to purchase one [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional high-grade gold assays and to provide a status update from its 6,000 metre exploration drilling program initiated in 2022 at its Midnight gold claim located in Rossland, British Columbia . The Rossland Gold Camp historically produced over 2.76 million ounces of recovered gold and 3.52 million ounces of recovered silver. HIGHLIGHTS [...]
West High Yield Resources Ltd. is pleased to announce, further to its news releases of December 13, 2022, December 22, 2022 and January 18, 2023, that it has closed the final tranche of its previously announced private placement offering of ordinary units . The Closing consisted of the issuance of 159,524 Ordinary Units for gross proceeds of $67,000. The Ordinary Units were issued at a price of $0.42 per Ordinary Unit [...]
West High Yield Resources Ltd. is pleased to announce, further to its news releases of December 13, 2022 and December 22, 2022, that it has closed the second tranche of its previously announced private placement offering of ordinary units of the Company . The Closing consisted of the issuance of 309,530 Units for gross proceeds of $130,002.60. The Units were issued at a price of $0.42 per Unit. Each Unit consists of one [...]
West High Yield Resources Ltd. is pleased to announce, further to its news release of December 13, 2022, that it has closed the first tranche of both of its previously announced private placement offerings of flow-through units of the Company and ordinary units of the Company . The Flow-Through Units were issued at a price of $0.50 per Flow-Through Unit and the Ordinary Units were issued at a price of $0.42 per Ordinary [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional high-grade gold assays including the identification of visible native gold in drill core from DDH MN22-13 and to provide an update from the 2022 6,000 metre exploration drilling program . The 2022 Program was completed and closed for the winter season on November 15th at the Company's Midnight Gold claim located in the Rossland Gold Camp [...]
West High Yield Resources Ltd. is pleased to announce two concurrent private placement offerings to raise aggregate gross proceeds of up to CAD$1,250,000. GloRes Securities Inc. will act as Agent for the Offerings. The first of the two Offerings shall consist of the sale of up to 1,500,000 units of the Company at a price of CAD$0.50 per Flow-Through Unit for gross proceeds of up to $750,000. Each Flow-Through Unit shall [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Red Cloud Securities Inc. to initiate and provide market stabilization and liquidity related services pursuant to a Letter Agreement in compliance with the applicable policies of the TSX Venture Exchange. Services Agreement For the provision of services by RCSI under the Agreement, the Company has agreed to pay RCSI a service fee equal to CAD$5,000 [...]
Key Pre-feasibility Study highlights: Robust Project Economics: Post-tax net present value of $871.8 million and post-tax internal rate of return of 72.03% using a long-term magnesia baseline price of $1,500/metric tonne and an exchange rate of CAD$1.00 = US$0.73. Production profile: Annual average production of 86,500 tonnes of 98% purity MgO product at capacity. Low capital intensity: Initial capital expenditures of [...]
+2,12 %
0,00 %
-2,38 %
-10,91 %
+3200,00 %