WEST HIGH YIELD RES LTD - WHYRF STOCK NEWS

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West High Yield (W.H.Y.) Resources Ltd. is a publicly traded junior mining exploration and development company based in Calgary, Alberta, Canada. The company focuses on acquiring, exploring, and developing mineral resource properties, with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposits using green processing techniques to reduce waste and CO2 emissions. The company recently announced a non-brokered private placement offering, engaged Outside The Box Capital Inc. for marketing services, and obtained an extension for a private placement offering. Additionally, the company signed a Letter of Intent with Skemxist Solutions for road construction, site preparation, and mining operations at the Record Ridge Industrial Mineral Mine near Rossland, British Columbia.

06/14/2024 12:02 PM

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Osoyoos Indian Band Limited Partnership Signs Letter of Intent to Construct and Operate Record Ridge Mine

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West High Yield (W.H.Y.) Resources has signed a Letter of Intent (LOI) with Skemxist Solutions, an Osoyoos Indian Band partnership with Sutherland Group. The LOI outlines the construction and operation of the Record Ridge Industrial Mineral Mine (RRIMM) near Rossland, British Columbia. The project aims to produce up to 200,000 tonnes of magnesium ore annually over an initial two-year period, contributing to Canada's green economy. OIB Chief Clarence Louie emphasized the project's importance for economic independence and climate goals. WHY Resources' CEO Frank Marasco highlighted their commitment to community input and proper project execution. The company is finalizing permits and a definitive agreement with SKM.

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05/10/2024 12:24 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces Final Closing of Oversubscribed Private Placement and Signing of Sponsorship Agreement

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West High Yield (W.H.Y.) Resources (TSXV: WHY) has closed an oversubscribed private placement, raising $984,000 through the issuance of 3,936,000 Units. The funds will be used for pilot testing projects, permitting processes, and general working capital. Additionally, the company signed a sponsorship agreement with GOLDINVEST Consulting GmbH to market its services to the German financial community.

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04/25/2024 04:45 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces Frankfurt Stock Exchange Listing

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West High Yield (W.H.Y.) Resources has announced the listing of its common shares on the Frankfurt Stock Exchange (FSE) under the trading symbol 'W0H'. This move is aligned with the company's strategy to introduce European investors and manufacturers to its advanced stage development of the Record Ridge Industrial Mineral Mine. The FSE listing is expected to increase trading liquidity, attract potential investments from institutional and retail investors across Europe, and enhance the company's exposure in a major marketplace with a knowledgeable investor base. The FSE is one of the world's largest international trading centers, second only to the NASDAQ and NYSE, offering a robust electronic trading platform (XETRA) responsible for a significant portion of securities traded in Germany.

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04/18/2024 03:00 PM

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West High Yield (W.H.Y.) Resources Ltd. Publishes Public Notice of Application for Record Ridge Magnesium Project and Announces Second Tranche Closing of Private Placement

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West High Yield (W.H.Y.) Resources publishes a public notice of application for the Record Ridge Magnesium Project and announces the second tranche closing of a private placement. The public notice pertains to the submission of the Company's permit application for the Project, which aims to extract magnesium-bearing serpentinite rock. The Project is located in British Columbia and involves conventional open pit mining methods. The second tranche closing of the private placement offering resulted in the issuance of 1,210,000 Units for total proceeds of $302,500, with each unit comprising a common share and a common share purchase warrant.

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04/10/2024 03:42 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces Extension of Previously Announced Private Placement

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West High Yield Resources (TSXV: WHY) extends the final acceptance date of its private placement offering to May 10, 2024, maintaining the terms and conditions. The Offering is subject to regulatory approvals and conditions.

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03/27/2024 10:15 AM

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West High Yield (W.H.Y.) Resources Ltd. Announces Stock Option Grant

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West High Yield Resources announces the issuance of 1,578,000 stock options to directors, officers, and consultants, each entitling the holder to purchase one common share at an exercise price of CAD$0.23 per share.

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03/14/2024 12:34 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces First Tranche Closing of Private Placement

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West High Yield Resources Ltd. (WHYRF) closes the first tranche of its private placement offering, issuing 2,114,000 Units for $528,500. Each Unit includes a Common Share and a Warrant. The funds will aid in the permitting process and general working capital.

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02/26/2024 09:00 AM

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West High Yield (W.H.Y.) Resources Ltd. Announces Private Placement Offering and Marketing/PR Agreement

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West High Yield Resources Ltd. (WHYRF) announces a non-brokered private placement offering of up to 3,800,000 units at CAD$0.25 per unit for gross proceeds of up to CAD$925,000. The Company engages Outside The Box Capital Inc. for marketing services. Each unit includes a common share and a warrant. The offering is subject to exemptions from prospectus requirements and will support pilot testing, permitting, and general operations.

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02/01/2024 01:13 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces Appointment of Velocity Trade Capital Ltd. Market Making Services

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West High Yield Resources Ltd. has engaged Velocity Trade Capital Ltd. to provide market-making services, aiming to maintain an orderly market and improve the liquidity of the Company's securities. The Services Agreement includes a minimum term of sixty days and a monthly fee of $5,000. Additionally, the Company has terminated the letter agreement with Red Cloud Securities Inc. effective January 31, 2024.

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01/31/2024 04:30 PM

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West High Yield (W.H.Y.) Resources Ltd. Announces Loan Amendments

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West High Yield Resources Ltd. (WHYRF) has entered into loan amending agreements with Big Mountain Development Corp Ltd., extending the expiry date of term loans to December 31, 2024, in consideration for a loan extension fee. The Company owes a Total Loan Amount of $3,339,485, with $2,589,485 and $750,000 becoming due on December 31, 2021, and April 28, 2022, respectively. The Lender has been working with the Company to ensure its financial success and amend the terms of the Loans.

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FAQ

What is the current stock price of WEST HIGH YIELD RES (WHYRF)?

The current stock price of WEST HIGH YIELD RES (WHYRF) is $0.165 as of October 15, 2024.

What is the market cap of WEST HIGH YIELD RES (WHYRF)?

The market cap of WEST HIGH YIELD RES (WHYRF) is approximately 15.0M.

What is West High Yield (W.H.Y.) Resources Ltd. focused on?

The company is focused on acquiring, exploring, and developing mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposits using green processing techniques.

What recent announcements has the company made?

The company recently announced a non-brokered private placement offering, engaged Outside The Box Capital Inc. for marketing services, obtained an extension for a private placement offering, and signed a Letter of Intent with Skemxist Solutions for road construction and mining operations at the Record Ridge Industrial Mineral Mine.

What sets West High Yield (W.H.Y.) Resources Ltd. apart from other companies?

West High Yield stands out for its focus on green processing techniques, commitment to community engagement, and strategic partnerships with companies like Skemxist Solutions to enhance project development.

Where is the Record Ridge magnesium deposit located?

The Record Ridge magnesium deposit is located 10 kilometers southwest of Rossland, British Columbia, Canada.

What is the primary goal of West High Yield (W.H.Y.) Resources Ltd.?

The company's primary goal is to develop its mineral deposits using environmentally friendly practices and reduce waste and CO2 emissions.

How can investors stay updated on West High Yield (W.H.Y.) Resources Ltd.?

Investors can stay informed by following the latest news and updates on the company's projects, achievements, and financial condition. Regularly checking for announcements and press releases can provide valuable insights.