01:20:15 EDT Sat 12 Jul 2025
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or Name
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CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 105,908,922
Close 2025-05-27 C$ 0.40
Market Cap C$ 42,363,569
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West High Yield receives favourable B.C. gov't report

2025-05-28 17:34 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. FULLY ENDORSES DRAFT MINISTER'S DESIGNATION REPORT ON THE RECORD RIDGE CRITICAL MINERALS PROJECT

West High Yield (W.H.Y.) Resources Ltd. has received the Environmental Assessment Office (EAO) draft minister's designation report for the Record Ridge industrial minerals mine project near Rossland, B.C.

The draft report concludes that the project does not require designation under the Environmental Assessment Act (British Columbia), as its potential environmental effects are being appropriately addressed through existing regulatory processes, including the Mines Act and Environmental Management Act (British Columbia).

The British Columbia Environmental Assessment Office has invited feedback from stakeholders by June 4, 2025, before finalizing the draft report into a final report and submitting it to the appropriate minister. West High Yield has submitted its response in support of the draft findings. View the company's response letter on-line.

The company believes the draft report reflects a clear and accurate understanding of the project's scope, impacts and the thorough review it has already undergone. The project has already been subject to a robust evaluation by the British Columbia Mine Development Review Committee led by the British Columbia Ministry of Mining and Critical Minerals, with input from provincial agencies, indigenous nations and local governments.

A cornerstone of the project is West High Yield's strong partnership with the Osoyoos Indian Band, which has independently assessed the project and formally expressed its support. The company has also provided regulators with detailed supporting environmental data, with a particular focus on grassland ecosystems and the extant Mountain Holly Fern, and is currently finalizing a comprehensive Vegetation Management Plan.

West High Yield remains committed to responsible development and continued collaboration with indigenous partners, regulators and stakeholders as the project advances toward final permitting.

About West High Yield (W.H.Y.) 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 world-class Record Ridge critical mineral (magnesium, silica and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.

Qualified person

Rick Walker, BSc, MSc, PGeo, 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.

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