West High Yield Resources Ltd. | Critical Minerals for a Sustainable Future

Category: News Release

  • West High Yield Resources receives occupant licence to cut and remove, marking another major regulatory milestone at Record Ridge Magnesium Project

    CALGARY, ALBERTA – September 16, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“WHY Resources” or the “Company”) (TSXV:WHY) (FSE:W0H) is pleased to announce that it has received an Occupant Licence to Cut and Remove (the “OLTC”) from the British Columbia Ministry of Forests for the Company’s Record Ridge Industrial Mineral Mine Project (“RRIMM Project” or the “Project”) near Rossland, British Columbia.

    The OLTC authorizes the Company to cut, deck and remove Crown timber within an approximately 50.062-hectare licence area associated with the Project. The authorization represents an important component of the Project’s construction readiness, enabling the Company, upon satisfaction of the applicable pre-disturbance requirements, to undertake timber clearing and site preparation activities required in advance of construction.

    Receipt of the OLTC represents a major regulatory milestone in the advancement of the RRIMM Project and further advances the Company’s construction readiness. The OLTC follows the issuance of the Company’s British Columbia Mines Act permit in October 2025 (the “Permit”) and the British Columbia Ministry of Transportation and Transit’s access permit in June 2026, representing continued progress in advancing the Project’s provincial permitting requirements.

    “The receipt of the OLTC is a major milestone for Record Ridge and another important step toward construction”, said Frank Marasco, President and CEO of West High Yield. “With our Mines Act permit, highway access permit and now the OLTC in place, we continue to advance the key provincial authorizations while focusing on completing the remaining requirements to position Record Ridge for the next stage of development. We appreciate the continued efforts of the British Columbia Ministry of Forests and all parties involved in moving Record Ridge forward.”

    The Company continues to advance the remaining environmental authorization process under British Columbia’s Environmental Management Act, in parallel with its construction-readiness activities. Prior to commencing timber clearing and associated ground disturbance, the Company will also satisfy the applicable pre-disturbance requirements under the Permit, including posting the balance of the required reclamation security.

    Project Advancement Update

    In parallel with the permitting process, the Company continues to advance multiple workstreams supporting the development of the RRIMM Project. These include pre-construction planning with Skemxist Solutions and other project contractors, detailed engineering and mine development planning, metallurgical pilot testing, Project financing initiatives and commercial activities associated with the development of the Project.

    The Company is also advancing the technical work required to support the next stage of engineering and Project development, while progressing its longer-term plans for downstream processing and value-added magnesium production. These activities are being advanced alongside the remaining regulatory requirements as the Company continues to position the RRIMM Project as an important North American critical minerals project.

    The Company acknowledges the continued support of the Osoyoos Indian Band (the “OIB”) and remains committed to advancing the Project in partnership with OIB and Skemxist Solutions. The Company continues to work collaboratively with government agencies, Indigenous communities, local stakeholders and project partners as the RRIMM Project advances toward development.

    About West High Yield

    West High Yield is a publicly traded mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

     

    The Company’s Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada” prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available under the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield Resources receives BC Ministry of Transportation and Transit access permit for Record Ridge magnesium project and announces second tranche closing of private placement

    CALGARY, ALBERTA – June 24, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) is pleased to announce that it has received an access permit (the “Permit”) from the British Columbia Ministry of Transportation and Transit authorizing the construction, use, and maintenance of the access and related transportation infrastructure associated with the Company’s Record Ridge Industrial Mineral Mine Project (“RRIMM Project” or the “Project”) near Rossland, British Columbia. The Company also confirms, further to its news release of May 21, 2026, it has closed the second tranche (the “Closing“) of its previously announced private placement offering (the “Offering“) of units (the “Units“).

    The Permit

    The Permit has been issued pursuant to the British Columbia Transportation Act and authorizes the occupation and use of a Ministry Right of Way required to access the Project site, including the approved highway access intersection and associated road improvements.

    Receipt of the Permit represents another important regulatory milestone in the advancement of the RRIMM Project and follows the issuance of the Company’s British Columbia Mines Act permit in October, 2025. The Permit provides the Company with the necessary provincial transportation access permissions to support future site development, construction, and operation of the Project.

    “This permit is another significant step forward for the Record Ridge Project,” said Frank Marasco, President and CEO of West High Yield. “Receipt of this authorization represents an important milestone in the advancement of the Project and reflects continued progress toward construction and future production.”

    The RRIMM Project hosts one of the largest known high-grade magnesium and silica deposits under development in North America. Located approximately 10 kilometres southwest of Rossland, British Columbia, the Project is being developed to supply magnesium-bearing industrial mineral ore products while supporting the Company’s longer-term vision of downstream processing and value-added critical mineral production.

    The Company continues to advance Project planning, detailed engineering, commercialization initiatives, pilot plant testing, and the remaining regulatory authorizations required to fully permit the Project for construction and operation, while progressing toward the next phase of Project development.

    The Company believes the advancement of the RRIMM Project has the potential to provide substantial long-term economic benefits to the West Kootenay region through employment opportunities, local procurement, infrastructure investment, and increased municipal and regional tax revenues while maintaining a commitment to responsible environmental stewardship and ongoing engagement with Indigenous communities and stakeholders.

    The Company acknowledges the continued support of the Osoyoos Indian Band (the “OIB”) and remains committed to advancing the Project in partnership with OIB and Skemxist Solutions, a company formed through a partnership between the OIB and The Sutherland Group of Companies. The Company will continue working collaboratively with government agencies, local stakeholders, and the community as it advances the Project in a manner focused on responsible development and environmental stewardship.

    The Closing

    The Closing consisted of the issuance 2,934,666 Units for gross proceeds of $ 880,399.80. The Units were issued at a price of $0.30 per Unit, with each Unit consisting of one (1) Common share of the Company (each, a “Common Share“) and one half (1/2) of one (1) Common Share purchase warrant (each, a “Warrant“). Each full Warrant, together with CAD$0.45, entitles the holder thereof to acquire one (1) additional Common Share for twelve (12) months from the date of the Closing. All securities comprising the Units issued on the Closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.

    The proceeds from the Closing will be used by the Company to cover expenses and development of the RRIMM Project and for general working capital purposes and expenses.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

     

    The Company’s Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared Preliminary Economic Assessment titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada” prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the Record Ridge critical mineral deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and is available under the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. announces first tranche closing of private placement and Record Ridge Project update

    CALGARY, ALBERTA – June 11, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) (FSE:W0H) is pleased to announce that, further to its news release of May 21, 2026, it has closed the first tranche (the “Closing“) of its previously announced private placement offering (the “Offering“) of units (the “Units“), and provide update on its Record Ridge Industrial Minerals Mine project (the “RRIMM Project“) located near Rossland, British Columbia, following dismissal of Record Ridge judicial review.

    The Closing

    The Closing consisted of the issuance 1,188,334 Units for gross proceeds of $356,500.00. The Units were issued at a price of $0.30 per Unit, with each Unit consisting of one (1) Common share of the Company (each, a “Common Share“) and one half (1/2) of one (1) Common Share purchase warrant (each, a “Warrant“). Each full Warrant, together with CAD$0.45, entitles the holder thereof to acquire one (1) additional Common Share for twelve (12) months from the date of the Closing. All securities comprising the Units issued on the Closing will be subject to a trading hold period expiring four months plus one day from the date of issuance.

    The proceeds from the Closing will be used by the Company to cover expenses and development of the RRIMM Project and for general working capital purposes and expenses.

    RRIM Project Update

    The Company also notes that, as announced earlier today, the Supreme Court of British Columbia dismissed the judicial review challenging the RRIMM Project and upheld the British Columbia Environmental Assessment Office’s determination that the RRIMM Project is not subject to a provincial environmental assessment. As a result, the injunction that had temporarily restricted construction activities pending resolution of the judicial review has been lifted.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada” prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for

    Mineral Projects and is available under the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. announces court dismisses judicial review challenging Record Ridge Project

    CALGARY, ALBERTA – June 11, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) (FSE:W0H) is pleased to announce that the Supreme Court of British Columbia has dismissed the judicial review petition challenging the British Columbia Environmental Assessment Office’s decision and upheld the determination that its Record Ridge Industrial Minerals Mine project (the “RRIMM Project” or the “Project“) located near Rossland, British Columbia, is not subject to an environmental assessment under the British Columbia Environmental Assessment Act (the “Decision“).

    The Decision removes a significant regulatory challenge to the RRIMM Project and allows the Company to continue advancing the Project through the remaining provincial permitting processes, providing greater regulatory certainty and reinforcing confidence among shareholders, project partners, investors, and other stakeholders in the Project’s path toward development.

    “We are pleased with the court’s decision and appreciate the careful consideration given to this matter,” said Frank Marasco, President and CEO of WHY. “The decision removes a key legal barrier to commencing construction of the Record Ridge Project, subject to completion of the remaining permits, authorizations, and regulatory requirements, which will then allow us to move forward on the project development to honor the definitive offtake agreement that the Company signed with Galaxy Trade and Technology (see press release dated March 12, 2026). West High Yield remains committed to responsible development, environmental stewardship, meaningful Indigenous partnerships, and creating long-term economic opportunities for the region.”

    The RRIMM Project remains subject to extensive regulatory oversight, including multiple provincial permits and approvals under the British Columbia Mines Act, Environmental Management Act, Water Sustainability Act, and other regulatory requirements that impose environmental protection measures, monitoring obligations, reporting requirements, and ongoing government oversight.

    The Company has recently achieved several significant permitting milestones, including receiving a draft access permit from the Ministry of Transportation and Transit and a draft Environmental Management Act permit from the Ministry of Environment and Parks. In addition, the Company is in the final stages of obtaining its Licence to Cut from the Ministry of Forests. The Company will continue working with regulators to finalize the remaining permits required for construction and operation and looks forward to advancing the RRIMM Project in accordance with all applicable regulatory requirements.

    The RRIMM Project is a quarry-style industrial minerals project with no on-site chemical processing and no tailings storage facility. The RRIMM Project is expected to provide employment, contracting opportunities, and economic benefits for the West Kootenay region while supplying critical minerals required for North American advanced manufacturing and industrial supply chains.

    The Company also acknowledges the continued support of the Osoyoos Indian Band (the “OIB“) and looks forward to advancing the RRIMM Project in partnership with OIB and Skemxist Solutions, a company formed through a partnership between the OIB and The Sutherland Group of Companies, creating employment and economic opportunities for Indigenous and local communities.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada” prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available under the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. announces private placement offering

    CALGARY, ALBERTA – May 21, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) (FSE:W0H) is pleased to announce a non-brokered private placement offering for the sale of up to 6,000,000 units of the Company (the “Units“) at a price of CAD$0.30 per Unit for aggregate gross proceeds of up to CAD$1,800,000.00 (the “Offering“).

    Each Unit issued under the Offering will consist of one (1) common share of the Company (each, a “Common Share“) and one half (1/2) of one (1) Common Share purchase warrant (each, a “Warrant“). Each full Warrant, together with CAD$0.45, will entitle the holder thereof to acquire one (1) additional Common Share for a period of twelve (12) months from its date of issuance. The Warrants will not be listed on the TSX Venture Exchange (the “TSXV“).

    The Company may pay a finder’s fee in connection with the Offering to eligible finders in accordance with the policies of the TSXV and applicable Canadian securities laws consisting of: (i) a cash commission of up to 6% of the gross proceeds of the Offering; and (ii) common share purchase warrants (the “Finder’s Warrants“) of up to 6% of the number of full Warrants issued under the Offering. The Finder’s Warrant will have identical terms to the Warrants.

    The Offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable Canadian securities laws. All securities issued under the Offering are subject to a statutory hold period from their date of issue in accordance with applicable Canadian securities laws. None of the Units, Common Shares or Warrants will be registered under the United States Securities Act of 1933, as amended, and none may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

    The proceeds from the Offering will be used to cover essential operations and general working capital purposes and expenses. The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance and approval of the TSXV.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, nickel, and iron) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic

    Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY

    OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. receives draft Environmental Management Act permit for Record Ridge Project

    CALGARY, ALBERTA – May 19, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) (FSE:W0H) is pleased to announce that it has received the draft Environmental Management Act (British Columbia) permit from the British Columbia Ministry of Environment and Parks (the “EMA Permit“) for the Record Ridge Industrial Mineral Mine Project (“RRIMM Project” or the “Project“) located near Rossland, British Columbia, Canada.

    The receipt of the draft EMA Permit represents another major milestone in the advancement of the Project and follows the issuance of the Company’s Mines Act (British Columbia) permit in October 2025 (the “Mines Act Permit“) and the recent receipt of the draft Highway Access permit in March 2026 from the British Columbia Ministry of Transportation and Transit.

    The EMA Permit relates primarily to site water management, environmental monitoring, sediment and erosion control, and fugitive dust management for the Project. The Company is currently conducting a detailed technical review of the draft permit and will continue working constructively with the British Columbia Ministry of Environment and Parks toward finalization of the authorization.

    “The receipt of the draft EMA Permit represents another important milestone for the RRIMM Project and reflects the extensive, environmental, technical, and regulatory work completed by the Company over several years”, said Frank Marasco, the Company’s President and CEO. “We believe the continued advancement of the permitting process further reduces overall project development risk and supports ongoing progression toward construction readiness and mining operations in 2026.”

    Permitting Updates

    The Company also wishes to provide updates regarding other ongoing permitting and Project development activities.

    Remaining permits and authorizations, including the final Mine Access permit, Water Licence permit, and Occupant Licence to Cut permit, are now in the final stages of review with the applicable regulatory agencies.

    In parallel with permitting, the Company continues to advance post-permit compliance work under the Mine Act Permit, including detailed engineering, environmental management planning, and construction readiness activities for the Project.

    Pilot Testing Updates

    The Company is also pleased to report continued progress on its downstream processing pilot program previously announced on January 28, 2026. The first major milestone involving pilot setup and commissioning activities has now been successfully completed. In addition, preparation of the Record Ridge ore feed for the

    leaching process has been completed by the laboratory team, and the pilot plant is currently being prepared for operational testing as part of the Company’s magnesium and silica processing flowsheet development program.

    The objective of the pilot program is to generate operational and process data intended to support future engineering work and potential feasibility-level studies relating to a commercial processing plant.

    Construction Funding Updates

    The Company continues discussions relating to construction and development financing for the RRIMM Project. The Company is currently in advanced stages of evaluating and progressing funding initiatives and anticipates moving toward finalization following receipt of the remaining key permits and authorizations.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, nickel, and iron) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary Telephone: (403) 829-2246 Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements

    are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. provides update regarding Record Ridge Project court decision

    CALGARY, ALBERTA – March 12, 2026 – West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company“) (TSXV:WHY) (FSE:W0H) provides the following update regarding a recent court decision related to its Record Ridge Industrial Minerals Mine project (the “RRIMM Project“) located near Rossland, British Columbia.

    On March 11, 2026, the Supreme Court of British Columbia (the “Court“) granted a temporary injunction (the “Injunction“) requested by the Save Record Ridge Action Committee (the “SRRAC“) preventing the Company from commencing ground-disturbing construction activities at the RRIMM Project until the judicial review hearing (the “Judicial Review Hearing“) of a decision of the Chief Environmental Assessment Officer (the “CEAO“) is heard and determined.

    The Judicial Review Hearing concerns the CEAO’s August 2025 determination that the RRIMM Project does not require an environmental assessment under the British Columbia Environmental Assessment Act (the “Act“) because the RRIMM Project falls below the applicable production threshold and the CEAO’s determination that he would not exercise his discretion to order an environmental assessment after considering the relevant factors in the Act.

    The Court also ordered that the Judicial Review Hearing be accelerated, and it has therefore been moved from August 17, 2026, to May 5, 2026. The Court acknowledged that construction timing for the RRIMM Project is dependent on weather conditions and that certain additional permits and authorizations are still in progress.

    Based on the Court’s decision, the Company has decided to appeal the Injunction and counsel to the Company filed the leave to appeal notice on March 11, 2026. The Company believes the regulatory approvals obtained for the RRIMM Project were properly issued, that there are no errors in the CEAO’s August 2025 determination, and intends to continue fully defending its position through the legal process.

    In addition, the Company will be seeking a review of the security posted by SRRAC in connection with the Injunction. The current amount of security ordered by the Court is $162,500, which the Company believes is insufficient relative to the potential damages associated with the delay of the RRIMM Project. The Company intends to seek an increase in this security to more appropriately reflect the potential financial impacts, particularly in light of the Company’s recently executed definitive offtake agreement with Galaxy Trade and Technology, LLC, which was announced on March 12, 2026 (link to the press release).

    The Company remains confident in the regulatory process that has been followed to date and looks forward to the British Columbia Court of Appeal hearing the expedited Judicial Review Hearing scheduled for May 5, 2026.

    The RRIMM Project remains permitted under the British Columbia Mines Act, and the Company continues to maintain its permits and regulatory compliance. While the temporary injunction remains in place, the Company will continue advancing its post-permit compliance requirements, remaining authorizations, and preparatory work required for construction.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit is located approximately 10 kilometers southwest of Rossland, British Columbia. Based on the independently prepared National Instrument 43-101 Preliminary Economic Assessment titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada” prepared by SRK Consulting (Canada) Inc. and dated April 18, 2013, the deposit contains a Measured and Indicated mineral resource of 43.0 million tonnes at an average magnesium grade of 24.61%. This corresponds to approximately 10.6 million metric tonnes of contained magnesium. The technical report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available under the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources Ltd. signs definitive forward sales agreement to sell magnesium ore from its Record Ridge Project

    Calgary, Alberta–(Newsfile Corp. – March 12, 2026) – West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (“West High Yield” or the “Company“) is pleased to announce that it has executed a definitive forward sales agreement (the “Agreement“) with Galaxy Trade and Technology, LLC, a U.S.-based international magnesium supply company (“Galaxy“), for the purchase and sale of magnesium-rich serpentine ore (the “Ore“) produced by West High Yield from its Record Ridge Industrial Minerals Mine project (“RRIMM Project“) project located near Rossland, British Columbia, Canada.

    The Agreement, stemming from the letter of intent signed between Galaxy and the Company news released on December 7, 2022, establishes a long-term commercial partnership between the two companies, secures a committed market for the Ore produced from the RRIMM Project and supports the Company’s transition toward mine development and production.

    Under the Agreement, among other things, Galaxy will purchase the Ore from the RRIMM Project over an initial two (2) year period with an option to extend to a nine (9) year term. The Agreement requires an initial USD$5,000,000 deposit to be placed with the Company, in trust, to fund the initial Ore deliveries. The Agreement further establishes a unit price of USD$500 per metric tonne of Ore during the initial two (2) year period, with delivery quantities of Ore expected to range between approximately 6,600 and 7,700 metric tonnes per week during operating months once production at the RRIMM Project begins.

    The Agreement represents potential revenue exceeding USD$30,000,000 per year for the Company during the initial two (2) year period and production stage. The Agreement marks a major milestone in the commercialization of the RRIMM Project and establishes the first long-term supply relationship for the Ore to be produced at the RRRIM Project.

    Frank Marasco Jr., President and CEO of West High Yield states: “This Agreement with Galaxy represents a significant step forward for our RRIMM Project. With permitting in place and construction preparations underway, securing a committed long-term purchaser provides a strong commercial foundation as we move toward production. Record Ridge hosts one of the largest and highest-grade magnesium deposits of its type globally, and we are pleased to partner with Galaxy to bring this strategic resource to international markets.”

    Michael North, Board Chairman and CEO of Galaxy, states: “Galaxy executives have followed West High Yield, and talked to its executives regularly, for more than five years, as West High Yield advanced through challenging permit processes in Canada. We congratulate West High Yield, its management, shareholders and stakeholders, on today’s announcement, and look forward to supporting the continued success of West High Yield in the years to come.”

    The RRIMM Project received its Mines Act permit from the Province of British Columbia in October 2025 and is advancing toward construction, with initial production expected following completion of site development.

    The Record Ridge deposit contains magnesium-rich serpentine mineralization located approximately 7.5 kilometers from the town of Rossland in southeastern British Columbia and approximately 5 kilometers from the United States border. The Company holds 100 percent mineral rights of the deposit.

    Magnesium is strategically recognized as a critical mineral due to its growing importance in aerospace, automotive lightweighting, energy systems, defense applications, and advanced manufacturing. The RRIMM Project positions West High Yield as a potential future supplier of magnesium feedstock to global markets.

    The Company will provide further updates as it advances post permit compliance activities, completes remaining project permitting and construction preparations, and finalizes additional commercial arrangements related to the project.

    About Galaxy Trade and Technology, LLC

    Galaxy is a direct source of magnesium, from mine to manufacturer, revolutionizing entire industries with light, strong, versatile, durable and energy-efficient magnesium. An international company based in the United States, Galaxy is streamlining global supply chains, offering both standard and custom alloys for enhanced performance. Galaxy is helping to move the global economy from heavy metals to light metals of the future: clean, green, less carbon-intensive, bending the curve on climate change.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit, located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer
    Telephone: (403) 660-3488
    Email: [email protected]

    Barry Baim, Corporate Secretary
    Telephone: (403) 829-2246
    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

  • West High Yield (W.H.Y.) Resources Ltd. announces exercise of warrants

    CALGARY, ALBERTA (March 11, 2026) – West High Yield (W.H.Y.) Resources Ltd. (the “Company” or “West High Yield“) (TSXV:WHY)(FSE: W0H) announces the exercise of share purchase warrants (the “Warrants“) of the Company.

    Four holders of Warrants exercised an aggregate of 785,750 Warrants resulting in the issuance of 785,750 common shares of the Company. The specific Warrants held and exercised by the the warrantholders were exercisable at a price of CAD$0.35 per Warrant, resulting in total gross proceeds to the Company in the amount of CAD$275,012.50 upon such exercise.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Contact Information:

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

    NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

     

  • West High Yield (W.H.Y.) Resources receives draft highway access permit for Record Ridge Project, marking another key development milestone

    Calgary, Alberta (March 9, 2026)  — West High Yield Resources Ltd. (TSXV: WHY) (the “Company” or “West High Yield“) is pleased to announce that it has received a draft access permit (the “Draft Permit”) from the British Columbia Ministry of Transportation and Transit (the “MOTT”) for highway access associated with the Company’s Record Ridge Industrial Mineral Mine project (the “RRIMM Project“) located near Rossland, British Columbia.

    The Draft Permit outlines the proposed framework for controlled RRIMM Project access from the provincial highway system, including the Cascade Highway corridor. This represents another key regulatory step forward as the Company advances the RRIMM Project following the issuance of its Mines Act permit from the British Columbia Ministry of Mines on October 20, 2025.

    Highway access is a critical infrastructure component for the RRIMM Project, supporting construction mobilization, transportation logistics, and future mining operations. The Company will now work with the MOTT to finalize permit conditions, including final engineering design, traffic safety measures, and operational parameters required for project access.

    The receipt of the Draft Permit further strengthens the RRIMM Project’s position as one of the most advanced permitted magnesium projects under development in North America, at a time when governments across Canada and the United States are prioritizing the development of domestic critical minerals supply chains.

    Magnesium is recognized as a strategic material essential to automotive lightweighting, aerospace manufacturing, defense applications, and advanced industrial alloys. Global supply is currently highly concentrated outside North America, creating increasing urgency for the development of secure, domestic sources of magnesium and related critical materials.

    “Receiving the draft highway access permit from the Ministry of Transportation and Transit is another important milestone as we continue advancing Record Ridge toward development”, said Frank Marasco, West High Yield’s President and CEO . “Infrastructure access is fundamental to transitioning the project from permitting into construction readiness. With the Mines Act Permit already secured, this step moves us closer to unlocking one of North America’s largest and most strategically positioned magnesium resources.”

    “With global leaders at PDAC 2026 highlighting a “hinge moment” for the mining sector, we believe Record Ridge is well positioned to contribute to Canada’s critical minerals strategy”, Mr. Marasco continued. “As magnesium becomes increasingly important for advanced manufacturing and clean technologies, Record Ridge has the potential to provide a secure, low-carbon source of magnesium for North American supply chains.”

    The Company is diligently working with its consultants and government authorities to advance post-permit compliance requirements and complete remaining project permitting. In parallel, the Company continues to advance several development initiatives, including pilot processing programs, engineering studies, and strategic industry engagement, with the goal of advancing the processing plant project toward a commercial feasibility study planned for mid-2026.

    The Company will provide additional updates as further project development milestones are achieved.

    About West High Yield

    West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

     

    The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) Preliminary Economic Assessment technical report (titled “Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada”) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

    Qualified Person

    Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

    Contact Information:

     

    WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.

    Frank Marasco Jr., President and Chief Executive Officer

    Telephone: (403) 660-3488

    Email: [email protected]

    Barry Baim, Corporate Secretary

    Telephone: (403) 829-2246

    Email: [email protected]

    Cautionary Note Regarding Forward-looking Information

    This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.