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.
News for West High Yield (W.H.Y.) Resources Ltd. (WHYRF) centers on its activities as a junior mining exploration and development company focused on the Record Ridge critical mineral project in British Columbia. Company updates describe work on magnesium, silica, nickel and iron resources and on advancing the Record Ridge Industrial Mineral Mine under a British Columbia Mines Act Permit.
Readers following WHYRF news will see announcements about project permitting milestones, such as the issuance of the Mines Act Permit and the posting of an initial reclamation bond, along with updates on environmental and pre-construction activities including vegetation audits, tree marking and site-preparation work. These items show how the company reports progress toward construction readiness for Record Ridge.
West High Yield also publishes frequent financing and capital-structure news. Releases have detailed non-brokered private placement offerings of units made up of common shares and common share purchase warrants, as well as multiple rounds of warrant exercises that result in new common shares and gross proceeds to the company. The company states that certain proceeds are used to fund essential operations and working capital.
Another recurring theme in WHYRF news is the company’s description of its environmental and processing approach, including plans to use green processing techniques aimed at minimizing waste and CO2 emissions and its description of the Record Ridge Industrial Mineral Mine as a low-impact project with no onsite chemical processing, tailings, process water or smelting emissions.
Investors and observers can use this news feed to review West High Yield’s own narrative on project development, regulatory steps, financing events and corporate communications related to its critical mineral strategy.
West High Yield (OTC:WHYRF) executed a definitive forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore from the Record Ridge Industrial Minerals Mine (RRIMM) near Rossland, BC.
The deal requires a USD $5,000,000 initial deposit, sets a USD $500/tonne price for the first two years, targets ~6,600–7,700 tonnes/week in operating months, and implies potential revenue in excess of USD $30 million/year during the initial two-year production stage.
West High Yield (OTC:WHYRF) reports the Supreme Court of British Columbia granted a temporary injunction on March 11, 2026, stopping ground-disturbing construction at the Record Ridge Industrial Minerals Mine (RRIMM) until a Judicial Review Hearing resolves whether an environmental assessment is required.
The hearing was accelerated from August 17, 2026 to May 5, 2026. The company filed a leave to appeal on March 11, 2026 and will seek an increase to the security posted by the plaintiffs, currently $162,500. The RRIMM Project remains permitted under the British Columbia Mines Act and the company cites a recently executed definitive offtake agreement with Galaxy Trade and Technology.
West High Yield (OTC:WHYRF) executed a definitive forward sales agreement with Galaxy Trade and Technology for magnesium-rich serpentine ore from the Record Ridge Industrial Minerals Mine (RRIMM Project).
The deal includes a USD$5,000,000 initial deposit, a unit price of USD$500 per tonne for an initial two-year term (option to extend to nine years), expected weekly deliveries of ~6,600–7,700 tonnes in operating months, and potential revenue exceeding USD$30,000,000 per year during the initial two-year production stage. The RRIMM Project holds a Mines Act permit (October 2025) and is advancing to construction.
West High Yield (WHYRF) announces that four warrantholders exercised an aggregate of 785,750 share purchase warrants on March 11, 2026.
The warrants were exercised at CAD$0.35 per warrant, resulting in the issuance of 785,750 common shares and total gross proceeds of CAD$275,012.50.
West High Yield Resources (OTC:WHYRF) received a draft highway access permit from the British Columbia Ministry of Transportation and Transit for its Record Ridge Industrial Mineral Mine near Rossland, BC, dated March 9, 2026. This follows a Mines Act permit issued October 20, 2025, and advances project readiness by defining proposed access from the Cascade Highway corridor. The company will finalize permit conditions with MOTT, complete engineering design and traffic safety measures, and pursue remaining post-permit compliance. Ongoing initiatives include pilot processing, engineering studies, and a commercial feasibility study targeted for mid-2026.
West High Yield (OTC:WHYRF) initiated a proprietary processing pilot at its Record Ridge magnesium/silica project with operations scheduled to start in early February 2026 and a final pilot report expected in April 2026. The pilot will feed data for a feasibility study planned to begin mid-Q2 2026. The company received a Mines Act Permit in October 2025 and a five-year area-based exploration permit. Final permits remain pending, and the company closed a non-brokered private placement of 1,000,000 units for gross proceeds of CAD$500,000.
West High Yield (OTC:WHYRF) closed a conditionally approved non-brokered private placement on January 7, 2026, issuing 1,000,000 Units at $0.50 per Unit for gross proceeds of $500,000.
Each Unit comprises one common share and one warrant; each warrant is exercisable for one common share at CAD $0.65 within 12 months of closing. Securities are subject to a four months plus one day hold period. Proceeds will be used for essential operations and general working capital.
The TSX Venture Exchange gave conditional approval on December 30, 2025, and final TSXV approval remains pending.
West High Yield (WHYRF) announced the award of a BC Mines Act permit for the Record Ridge magnesium project, marking a key regulatory milestone in 2025.
The company says Record Ridge has been advanced into pre-construction readiness and plans to move to construction and first production in 2026. The 2026 roadmap includes final project engineering, long-lead procurement, site preparation, infrastructure development, and the launch of construction toward operational start-up.
Management frames Record Ridge as an environmentally responsible magnesium/silica mine aligned with growing government support for critical mineral supply chains.
West High Yield (WHYRF) announced it has posted the initial reclamation bond for the Record Ridge magnesium and critical minerals project and is advancing permit conditions and pre-construction work toward targeted site mobilization in Q2 2026. The bond fulfills a Mines Act permit requirement, reduces regulatory timeline uncertainty, and aligns the project with provincial environmental and closure standards. The company is completing vegetation audits, tree marking, and baseline site preparation while pursuing federal, provincial and private financing to support phased construction and potential downstream processing.
West High Yield (WHYRF) announced on December 1, 2025 that holders exercised share purchase warrants, resulting in the issuance of 250,000 common shares.
Three warrant holders exercised a total of 250,000 Warrants at an exercise price of CAD$0.35 per Warrant, producing total gross proceeds of CAD$87,500 to the company.