West High Yield (W.H.Y.) Resources Ltd. Announces Flow-Through and Standard Private Placement Offerings
Calgary, Alberta--(Newsfile Corp. - December 13, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce two concurrent private placement offerings (collectively, the "Offerings") to raise aggregate gross proceeds of up to CAD$1,250,000. GloRes Securities Inc. (the "Agent") will act as Agent for the Offerings. The first of the two Offerings shall consist of the sale of up to 1,500,000 units (the "Flow-Through Units") of the...
2022-12-13 6:47 PM EST
West High Yield (W.H.Y.) Resources Ltd. Announces Signing of Services Agreement and Termination of Market-Making Agreement
Calgary, Alberta--(Newsfile Corp. - November 30, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has engaged Red Cloud Securities Inc. ("RCSI") to initiate and provide market stabilization and liquidity related services pursuant to a Letter Agreement (the "Agreement") in compliance with the applicable policies of the TSX Venture Exchange. Services Agreement For the provision of services by RCSI under the...
2022-11-30 4:30 PM EST
West High Yield (W.H.Y.) Resources Ltd. Announces Completion of Positive Pre-Feasibility Study for Magnesium Oxide Production Plant
Key Pre-feasibility Study ("PFS" or the "Study") highlights: Robust Project Economics: Post-tax net present value ("NPV") (discount rate 5%) of $871.8 million and post-tax internal rate of return ("IRR") of 72.03% using a long-term magnesia ("MgO") baseline price of $1,500/metric tonne ("Mt") and an exchange rate of CAD$1.00 = US$0.73. Production profile: Annual average production of 86,500 tonnes of 98% purity MgO product at capacity. Low capital intensity: Initial capital expenditures...
2022-11-29 9:00 AM EST
West High Yield (W.H.Y.) Resources Ltd. Signs Memorandum of Understanding Regarding Magenisum Metal Ingot Processing Technology License
Calgary, Alberta--(Newsfile Corp. - October 25, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has signed a non-binding memorandum of understanding (the "MOU") with Big Blue Technologies LLC ("BBT"), a U.S. based technology company that has developed a green process to produce magnesium ("Mg") ingots from magnesium oxide ("MgO") and Mg ores, that contemplates, among other things, working towards entering into a...
2022-10-25 9:00 AM EDT
West High Yield Provides Q3 2022 Corporate Update
Calgary, Alberta--(Newsfile Corp. - October 18, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to provide an update on the status of its permit application at its Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia ("Record Ridge" or the "Project") and on the progress of the pre-feasibility study ("PFS") semi-commercial/commercial plant design and its updated economics. The Company further...
2022-10-18 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing Under Equity Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - September 22, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has completed a fifth tranche closing (the "Fifth Tranche") under the drawdown equity financing facility (the "Facility") with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated...
2022-09-22 10:58 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Reports Additional Multiple High-Grade Assays Including 311 g/t Au Over 0.3m, 33.7 g/t Au Over 1.05m, and 15 g/t Au Over 3m in 17.5 m Interval of DDH MN22-05 at Midnight Gold Claim
Calgary, Alberta--(Newsfile Corp. - September 20, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce the confirmation of additional multiple high-grade gold assays following the identification of visible native gold in drill core from DDH MN22-05 and to provide an update from the 2022 6,500 metre exploration drilling program (the "2022 Program"). The 2022 Program is ongoing at the Company's Midnight Gold claim ("Midnight")...
2022-09-20 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Drilling Intersects Visible Gold and Reports 1.5 Metre Assay Intervals from 12.8 g/t Au to 38.4 g/t Au, Mineralized Zones up to 18 Metres at Midnight Gold Claim
Calgary, Alberta--(Newsfile Corp. - August 30, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce the presence of visible native gold in several drill core intervals from two of the first five holes and to present highlights of its initial round of Au-Ag assay results from the 2022 6,500 metre exploration drilling program (the "2022 Program"). The 2022 Program is ongoing at the Company's Midnight Gold claim ("Midnight")...
2022-08-30 8:30 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Grant of Stock Options
Calgary, Alberta--(Newsfile Corp. - August 17, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that its board of directors has approved and authorized the grant of 80,000 stock options (the "Options") to consultants of the Company effective August 17, 2022. The Options were granted in accordance with the terms of the Company's stock option plan. One (1) Option entitles the holder thereof to purchase one (1) common share of the Company...
2022-08-17 6:11 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Engagement of Oak Hill Financial Inc. for Investor Relations and Advisory Services
Calgary, Alberta--(Newsfile Corp. - June 28, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has retained the services of Toronto-based Oak Hill Financial ("Oak Hill") to assist with investor relations activities. West High Yield has partnered with Oak Hill to enhance its visibility and profile to the public and in the financial community. Oak Hill has been engaged for an initial three-month period. Oak Hill is to...
2022-06-28 2:24 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing of Shares for Debt Transaction
Calgary, Alberta--(Newsfile Corp. - June 6, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has completed its previously announced shares-for-debt transaction (the "Debt Settlement Transaction") to settle CAD$1,883,822.00 of outstanding debt owed to an arm's length third party lender of the Company (the "Creditor") via the issuance of common shares in the capital of the Company (the "Settlement Shares"). Following...
2022-06-06 5:29 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Proposed Shares for Debt Transaction and Proceeds from Exercise of Options
Calgary, Alberta--(Newsfile Corp. - May 20, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces it has entered into a debt settlement agreement (the "Debt Settlement Agreement") with an arm's-length creditor of the Company ("Creditor") to settle an outstanding debt. The Company also announces the receipt of proceeds from the exercise of certain securities of the Company. Debt Settlement Agreement The Company has agreed to convert...
2022-05-20 12:09 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Gold Drilling Kickoff and Proceeds from Exercise of Warrants
Calgary, Alberta--(Newsfile Corp. - May 3, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that, further to its news release dated April 5, 2022, gold drilling commenced on April 30, 2022 at the Company's Midnight Gold claim (the "Project Site") located in the Rossland Gold Camp area, British Columbia pursuant to its 2022 gold drill program (the "2022 Program"). The Company also announces the receipt of proceeds from the...
2022-05-03 11:28 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Procedure for Annual Shareholder's Meeting and 2021 Annual Results
Calgary, Alberta--(Newsfile Corp. - April 29, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that for a third consecutive year, in response to the COVID-19 pandemic, the Company has taken precautionary measures for its upcoming annual general and special meeting of shareholders (the "Meeting"). The Meeting will be held at 10:00 am Mountain Standard Time on Thursday, June 16, 2022 by telephone conference call and via the internet in...
2022-04-29 7:28 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing Under Equity Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - April 25, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has completed a fourth tranche closing (the "Fourth Tranche") under the drawdown equity financing facility (the "Facility") with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December...
2022-04-25 12:25 PM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Commencement of Gold Drilling Program at Midnight Gold Claim
Calgary, Alberta--(Newsfile Corp. - April 5, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has commenced its 2022 gold drill program (the "2022 Program") which was initiated by the signing of a drilling contract (the "Contract") with West Kootenay Diamond Drilling Services Ltd. (the "Contractor"), whereby the Contractor will drill holes of up 20,000 feet and carry out ancillary services in relation thereto over the...
2022-04-05 9:00 AM EDT
West High Yield (W.H.Y.) Resources Ltd. Announces Closing Under Equity Facility with Alumina Partners
Calgary, Alberta--(Newsfile Corp. - March 11, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce it has completed a third tranche closing (the "Third Tranche") under the drawdown equity financing facility (the "Facility") with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December...
2022-03-11 1:24 PM EST
West High Yield (W.H.Y.) Resources Ltd. Submits Amended Industrial Magnesium Mine Permit Application
Calgary, Alberta--(Newsfile Corp. - February 15, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has submitted its amended Joint Mines Act/Environmental Management Act Permit Application (the "Amended Application") to the British Columbia Ministry of Mines (the "Ministry") for the development and operation of its Record Ridge Industrial Mineral Mine Project near Rossland, British Columbia (the "Project"). The...
2022-02-15 10:57 AM EST
West High Yield (W.H.Y.) Resources Ltd. Commissions Pre-Feasibility Study for Record Ridge Magnesium Production Plant and Proceeds from Exercise of Warrants and Options
Calgary, Alberta--(Newsfile Corp. - February 14, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has engaged Kingston Process Metallurgy Inc. ("KPM") of Kingston, Ontario to conduct a Pre-Feasibility Study and complete a National Instrument 43-101 compliant report for the development of the Company's semi-commercial and commercial production plants. The Company also announces the receipt of proceeds from the...
2022-02-14 12:28 PM EST
West High Yield (W.H.Y.) Resources Ltd. Announces Proceeds of Exercise of Warrants
Calgary, Alberta--(Newsfile Corp. - February 4, 2022) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that holders (the "Warrantholders") of common share purchase warrants (the "Warrants") exercised an aggregate of 75,000 Warrants resulting in the issuance of 37,500 common shares of the Company (each, a "Warrant Share") and gross proceeds to the Company of CAD$11,250. Each Warrantholder acquired one (1) Warrant Share for every two (2)...
2022-02-04 3:49 PM EST