17:53:30 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 91,591,621
Close 2024-04-25 C$ 0.295
Market Cap C$ 27,019,528
Recent Sedar Documents

West High Yield begins trading on FSE

2024-04-25 16:54 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES FRANKFURT STOCK EXCHANGE LISTING

West High Yield (WHY) Resources Ltd. has noted the listing of its common shares on the Frankfurt Stock Exchange under the trading symbol W0H. The company's common shares are now cross-listed on the TSX Venture Exchange in Canada and the FSE in Germany, aligned with the company's strategy of introducing European investors and manufacturers to the advanced-stage development of its Record Ridge industrial mineral mine that contains 10.6 million tonnes of magnesium and 16 million tonnes of silica.

Frank Marasco Jr., president and chief executive officer of West High Yield, commented: "We expect the FSE listing will assist in increasing trading liquidity and also facilitate potential investment in the company by institutional and retail investors across Europe. The listing on the FSE, in addition to the Canadian TSX-V, will heighten exposure of the company in this major marketplace, with its knowledgeable investor base traditionally very active in the junior gold mining sector."

The FSE is one of the world's largest international trading centres (behind only the Nasdaq and New York Stock Exchange) organized exchange-trading market in terms of turnover and dealings in securities. The electronic trading platform of the FSE, XETRA, has made it the world's second-largest fully electronic cash market responsible for approximately 90 per cent of all securities traded in Germany, with direct linkage to all other major European financial hubs. This European listing will help to increase the company's trading liquidity and facilitate investment in West High Yield by European investors through the Frankfurt listing, as major financial hubs like Switzerland, Luxembourg, Lichtenstein, Monaco and others are reached easily.

About West High Yield (WHY) Resources Ltd.

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 deposits 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 National Instrument 43-101 -- Standards of Disclosure for Mineral Projects preliminary economic assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

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