West High Yield Resources Ltd. is pleased to announce that it has signed a non-binding memorandum of understanding with Big Blue Technologies LLC , a U.S. based technology company that has developed a green process to produce magnesium ingots from magnesium oxide and Mg ores, that contemplates, among other things, working towards entering into a definitive exclusive license agreement with BBT. The MOU contemplates that [...]
West High Yield Resources Ltd. is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia and on the progress of the pre-feasibility study semi-commercial/commercial plant design and its updated economics. The Company further updates the progress and status of its nearby Midnight Gold drilling program . Record [...]
West High Yield Resources Ltd. is pleased to announce it has completed a fifth 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 Fifth Tranche, the Company issued 925,925 units to Alumina at a [...]
West High Yield Resources Ltd. is pleased to announce the confirmation of additional multiple high-grade gold assays following the identification of visible native gold in drill core from DDH MN22-05 and to provide an update from the 2022 6,500 metre exploration drilling program . The 2022 Program is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia . A total of 3,080 [...]
West High Yield Resources Ltd. is pleased to announce the presence of visible native gold in several drill core intervals from two of the first five holes and to present highlights of its initial round of Au-Ag assay results from the 2022 6,500 metre exploration drilling program . The 2022 Program is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia. The Rossland Gold [...]
West High Yield Resources Ltd. announces that its board of directors has approved and authorized the grant of 80,000 stock options to consultants of the Company effective August 17, 2022. The Options were granted in accordance with the terms of the Company's stock option plan. One Option entitles the holder thereof to purchase one common share of the Company at a price of CAD$0.425 per Share. The exercise price of the [...]
West High Yield Resources Ltd. is pleased to announce that it has retained the services of Toronto-based Oak Hill Financial to assist with investor relations activities. West High Yield has partnered with Oak Hill to enhance its visibility and profile to the public and in the financial community. Oak Hill has been engaged for an initial three-month period. Oak Hill is to provide west High Yield with Canadian investor [...]
West High Yield Resources Ltd. is pleased to announce that it has completed its previously announced shares-for-debt transaction to settle CAD$1,883,822.00 of outstanding debt owed to an arm's length third party lender of the Company via the issuance of common shares in the capital of the Company . Following receipt of final acceptance from the TSX Venture Exchange for the Debt Settlement Transaction, the Company issued [...]
West High Yield Resources Ltd. announces it has entered into a debt settlement agreement with an arm's-length creditor of the Company to settle an outstanding debt. The Company also announces the receipt of proceeds from the exercise of certain securities of the Company. Debt Settlement Agreement The Company has agreed to convert $1,883,822.00 in debt owed to the Creditor into common shares in the capital of the Company [...]
West High Yield Resources Ltd. is pleased to announce that, further to its news release dated April 5, 2022, gold drilling commenced on April 30, 2022 at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia pursuant to its 2022 gold drill program . The Company also announces the receipt of proceeds from the exercise of certain securities of the Company. 2022 Program As highlighted in [...]
West High Yield Resources Ltd. announces that for a third consecutive year, in response to the COVID-19 pandemic, the Company has taken precautionary measures for its upcoming annual general and special meeting of shareholders . The Meeting will be held at 10:00 am Mountain Standard Time on Thursday, June 16, 2022 by telephone conference call and via the internet in order to ensure the health and safety of its employees [...]
West High Yield Resources Ltd. is pleased to announce it has completed a fourth 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 Fourth Tranche, the Company issued 724,637 units to Alumina at a [...]