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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.
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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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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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West High Yield Resources Ltd. provides an update on the progress of its permit application for its Record Ridge Industrial Mineral Mine and invites investors to join an upcoming interview with Market Radius Research. The Company met with the Mine Development Review Committee to discuss the Amended Permit Application and expects further feedback at a meeting on February 14, 2024. Additionally, a webinar with Market Radius Research is scheduled for January 17, 2024, to discuss the Project in further detail.
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West High Yield Resources Ltd. (TSXV: WHY) has closed the final tranche of its private placement offering, issuing 518,939 Units for gross proceeds of $119,356. The Company confirms a total of 4,056,047 Units were issued for total gross proceeds of $932,890.92. Insiders participated in the Closing, and the Offering will support the Company's pilot testing project and general working capital purposes.
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West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) announces the approval of 375,000 stock options to two consultants, with each option allowing the purchase of one common share at CAD$0.23 per share for five years. The options vest over a two-year period, with the exercise price set at the closing trading price of the shares on November 27, 2023.
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West High Yield Resources Ltd. has closed the second tranche of its private placement offering, raising gross proceeds of $293,929.88. The offering consisted of 1,277,956 units priced at $0.23 per unit, with each unit comprising one common share and one common share purchase warrant. The company also paid a finder's fee and issued finder's warrants to one finder. The proceeds will be used for various purposes including supporting a pilot testing project and covering general working capital expenses.
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West High Yield Resources Ltd. has received an extension for its private placement offering. The final closing date has been extended to November 29, 2023, and the size of the offering has increased to CAD$1,080,000.
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West High Yield Resources Ltd. has engaged ACS Moschner & Co GmbH to explore alternative growth options and maximize potential. ACS will receive a success fee based on the transaction value of introduced candidates who enter into agreements with the company. The agreement is initially for one year, with the possibility of extensions.
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West High Yield Resources Ltd. provides an update on its permit application for the Record Ridge Industrial Mineral Mine in British Columbia. The company has submitted an amended permit application, which includes proposed mitigation strategies to address concerns from stakeholders. The Osoyoos Indian Band has conducted an independent review and has shown commitment to working with the company. West High Yield is now awaiting feedback from the MDRC members.
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West High Yield Resources Ltd. closes first tranche of private placement offering
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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 $0.1781 as of December 20, 2024.
What is the market cap of WEST HIGH YIELD RES (WHYRF)?
The market cap of WEST HIGH YIELD RES (WHYRF) is approximately 17.8M.
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.
WEST HIGH YIELD RES LTD
OTC:WHYRF
WHYRF Rankings
WHYRF Stock Data
17.83M
74.42M
24.97%
Other Industrial Metals & Mining
Basic Materials
United States of America
Calgary