West High Yield Resources Ltd. is pleased to announce the confirmation of additional high-grade gold assays including the identification of visible native gold in drill core from DDH MN22-13 and to provide an update from the 2022 6,000 metre exploration drilling program . The 2022 Program was completed and closed for the winter season on November 15th at the Company's Midnight Gold claim located in the Rossland Gold Camp [...]
West High Yield Resources Ltd. is pleased to announce two concurrent private placement offerings to raise aggregate gross proceeds of up to CAD$1,250,000. GloRes Securities Inc. 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 of the Company at a price of CAD$0.50 per Flow-Through Unit for gross proceeds of up to $750,000. Each Flow-Through Unit shall [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Red Cloud Securities Inc. to initiate and provide market stabilization and liquidity related services pursuant to a Letter Agreement in compliance with the applicable policies of the TSX Venture Exchange. Services Agreement For the provision of services by RCSI under the Agreement, the Company has agreed to pay RCSI a service fee equal to CAD$5,000 [...]
Key Pre-feasibility Study highlights: Robust Project Economics: Post-tax net present value of $871.8 million and post-tax internal rate of return of 72.03% using a long-term magnesia baseline price of $1,500/metric tonne 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 of [...]
West High Yield Resources Ltd. is pleased to announce that it has signed a non-binding memorandum of understanding with Big Blue Technologies LLC , a U.S. based technology company that has developed a green process to produce magnesium ingots from magnesium oxide and Mg ores, that contemplates, among other things, working towards entering into a definitive exclusive license agreement with BBT. The MOU contemplates that [...]
West High Yield Resources Ltd. 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 and on the progress of the pre-feasibility study semi-commercial/commercial plant design and its updated economics. The Company further updates the progress and status of its nearby Midnight Gold drilling program . Record [...]
West High Yield Resources Ltd. is pleased to announce it has completed a fifth tranche closing under the drawdown equity financing facility with Alumina Partners Ltd. , 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 14, 2021. Under the closing of the Fifth Tranche, the Company issued 925,925 units to Alumina at a [...]
West High Yield Resources Ltd. 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 is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia . A total of 3,080 [...]
West High Yield Resources Ltd. 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 is ongoing at the Company's Midnight Gold claim located in the Rossland Gold Camp area, British Columbia. The Rossland Gold [...]
West High Yield Resources Ltd. announces that its board of directors has approved and authorized the grant of 80,000 stock 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 Option entitles the holder thereof to purchase one common share of the Company at a price of CAD$0.425 per Share. The exercise price of the [...]
West High Yield Resources Ltd. is pleased to announce that it has retained the services of Toronto-based Oak Hill Financial 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 provide west High Yield with Canadian investor [...]
West High Yield Resources Ltd. is pleased to announce that it has completed its previously announced shares-for-debt transaction to settle CAD$1,883,822.00 of outstanding debt owed to an arm's length third party lender of the Company via the issuance of common shares in the capital of the Company . Following receipt of final acceptance from the TSX Venture Exchange for the Debt Settlement Transaction, the Company issued [...]
