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West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 84,262,051
Close 2023-09-08 C$ 0.285
Market Cap C$ 24,014,685
Recent Sedar Documents

West High clarifies Record Ridge report amid ASC review

2023-09-08 16:59 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ISSUES CLARIFYING NEWS RELEASE

As a result of a continuous disclosure review by the Alberta Securities Commission (the ASC), West High Yield (WHY) Resources Ltd. is issuing the following news release to provide clarity regarding its document entitled "NI 43-101 Technical Report Pre-Feasibility Study for Record Ridge Magnesia Production." The report was filed on SEDAR on Nov. 30, 2022, and a news release highlighting the findings of the report was disseminated on SEDAR on Nov. 29, 2022.

The report exclusively focuses on the company's proposed magnesia (MgO) plant and the methodology planned for near-term MgO production. This report concerning the plant should not be associated with or referred to as a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report. Given its specific focus on the MgO plant, the report does not represent a mineral project technical report under NI 43-101. Therefore, any references to the MgO plant report and the report news release, as well as subsequent disclosure of the company from Nov. 29, 2022, up to and including the date of this news release, should be understood as pertaining solely to the proposed MgO plant and not to the broader mineral project.

For clarity, the company confirms that its NI 43-101 preliminary economic assessment on its Record Ridge south magnesium project filed on SEDAR on June 4, 2013, remains the company's current NI 43-101 compliant technical report for its Record Ridge mineral project.

West High Yield remains committed to upholding the highest standards of transparency and compliance in its reporting. The company will work diligently to address the ASC's concerns and ensure accurate and comprehensive disclosure in all future reports and communications.

About West High Yield (WHY) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica and nickel deposit using green processing techniques to minimize waste and carbon dioxide emissions.

The company's Record Ridge magnesium deposit located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced NI 43-101 preliminary economic assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

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