Welcome to our dedicated page for West High Yield Res news (Ticker: WHYRF), a resource for investors and traders seeking the latest updates and insights on West High Yield Res stock.
West High Yield Resources Ltd (WHYRF) provides investors and stakeholders with critical updates through this dedicated news hub. Track the junior mining company's progress in developing its Record Ridge magnesium-silica-nickel deposit and other Canadian mineral projects.
This resource consolidates official announcements including project developments, financing activities, and regulatory milestones. Users will find updates on exploration progress, environmental compliance initiatives, and strategic partnerships that drive sustainable mineral extraction.
Key content includes updates on green processing advancements, TSX Venture Exchange filings, and community engagement efforts. All material preserves the company's focus on environmentally conscious mining practices and transparent financial reporting.
Bookmark this page for direct access to West High Yield's verified news stream, essential for monitoring their position in the critical minerals sector. Check regularly for updates impacting investment decisions and operational transparency.
West High Yield Resources has successfully completed the final closing of its oversubscribed private placement offering. The final tranche consisted of 1,737,899 Units issued at $0.23 per Unit, generating gross proceeds of $399,717. In total, the company issued 4,669,290 Units, raising aggregate proceeds of $1,073,937.33.
Each Unit comprises one Common Share and one Warrant, with each Warrant allowing holders to acquire an additional Common Share at CAD$0.35 within 12 months from the closing date. The securities are subject to a four-month plus one-day trading hold period. The proceeds will fund the company's permitting process, essential operations, and working capital requirements.
West High Yield Resources announced the receipt of proceeds from the exercise of stock options. An optionholder exercised 100,000 options at CAD$0.15 per share, resulting in the issuance of 100,000 common shares. These options were originally granted on November 27, 2019.
West High Yield Resources announces the final closing of its oversubscribed private placement offering, issuing 3,660,935 units at CAD$0.20 per unit for gross proceeds of CAD$732,187. The total offering raised CAD$1,138,187 through 5,690,935 units. Each unit includes one common share and one purchase warrant exercisable at CAD$0.30 for 12 months. Additionally, the company completed shares-for-debt transactions, issuing 1,600,000 common shares at CAD$0.20 per share to settle CAD$320,000 in outstanding debt. The proceeds will fund permitting processes, operations, working capital, and a planned drilling program for water monitoring holes at the Record Ridge magnesium deposit.
West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced an extension for its previously announced private placement offering. The TSX Venture Exchange (TSXV) has granted an extension for the final acceptance date of the offering. The new deadline for closing and filing acceptance of all final documentation has been extended from October 14, 2024, to November 13, 2024.
The terms of the offering and the units will remain unchanged up to and including the extension date. The offering continues to be subject to certain conditions, including regulatory and other approvals, with final TSXV approval required by the new extension date.
West High Yield Resources (TSXV: WHY) has received updated work plan timelines from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation regarding its Record Ridge Industrial Minerals Mine (RRIMM) permit process. The company is optimistic about a potential permit issuance by early December, 2024, although dates may be subject to adjustments.
West High Yield remains committed to addressing any further requests or comments from the British Columbia Mine Development Review Committee (MDRC) review of its latest amended permit submission. The company continues to work closely with Project stakeholders and regulatory authorities to ensure efficient progress.
The revised Project does not trigger the British Columbia Environmental Assessment Act Reviewable Project Regulations, eliminating the need for an environmental assessment prior to obtaining construction and operation permits for the RRIMM.
West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced the closing of a second tranche of its private placement offering, issuing 1,125,000 Units at CAD$0.20 per Unit for gross proceeds of CAD$225,000. Each Unit consists of one Common Share and one Warrant, with the Warrant allowing the purchase of an additional Common Share at CAD$0.30 within 12 months.
The company has also entered into debt settlement agreements with four creditors to convert CAD$320,000 of outstanding consulting fees into Common Shares at a deemed price of CAD$0.20 per share. The proceeds from the offering will be used for permitting processes, essential operations, working capital, and a planned drilling program for water monitoring holes at the Record Ridge magnesium deposit.
West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced the first tranche closing of its private placement offering. The company issued 905,000 Units at $0.20 per Unit, raising gross proceeds of $181,000. Each Unit consists of one Common Share and one Warrant, with the Warrant allowing the holder to acquire an additional Common Share at $0.30 within 12 months of closing.
The proceeds will be used for:
- Concluding the permitting process
- Covering essential operations
- General working capital purposes
- Supporting the planned drilling program for water monitoring holes at the Record Ridge magnesium deposit
All securities issued are subject to a four-month plus one day trading hold period.
West High Yield Resources (TSXV: WHY) announced an amended permit application for its Record Ridge Industrial Mineral Mine (RRIMM) project in British Columbia. The company had a productive meeting with the BC Ministry of Energy, Mines and Low Carbon Innovation on September 4, 2024, where it outlined its revised approach. The key change is reducing the proposed annual tonnage to 63,500 metric tonnes, falling below the 75,000-tonne threshold set by the BC Environmental Assessment Office for reviewable mineral mine projects.
The amended application was submitted on September 17, 2024, and includes responses to previous comments from the BC Mine Development Review Committee (MDRC). The company is now awaiting MDRC review and feedback on the next steps in the permit process for the RRIMM project.
West High Yield Resources (TSXV: WHY) provides updates on its Record Ridge Industrial Mineral Mine (RRIMM) project and announces a private placement offering. Key points include:
Mine Permit Update: The company met with the Ministry of Energy, Mines and Low Carbon Innovation (EMLI) to discuss permit options for a reduced throughput mining operation. A follow-up meeting is scheduled for September 4, 2024.
Corporate Updates: Ongoing communication with interested customers, including APG Galaxy Trade and Technology and ACS Moschner & Co GmbH.
Private Placement Offering: Non-brokered offering of up to 3,750,000 units at CAD$0.20 per unit, for gross proceeds of up to CAD$750,000. Each unit includes one common share and one warrant.
Proceeds will be used for permitting, operations, working capital, and a planned drilling program for water monitoring holes at the Record Ridge magnesium deposit.
West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced the closing of its private placement offering, raising CAD$143,575.05 through the issuance of 435,076 Units. Each Unit comprises one Common Share and half of one Common Share purchase warrant. The warrants allow holders to acquire additional shares at CAD$0.45 within 18 months of the closing date. This corrects a previous announcement that mistakenly stated each Unit included a full warrant.
The company plans to use the proceeds for concluding its mining permitting process, covering essential operations, and general working capital purposes. The offering is subject to closing conditions, including approval from the TSX Venture Exchange.
