Mr. Frank Marasco reports
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. WELCOMES FINAL EAO DECISION ON RECORD RIDGE MAGNESIUM PROJECT
The B.C. Environmental Assessment Office has issued its final designation decision confirming that West High Yield (WHY) Resources Ltd.'s Record Ridge industrial mineral project near Rossland, B.C., will not be designated as a reviewable project under Section 11 of the Environmental Assessment Act (2018) (British Columbia).
The EAO reviewed applications submitted under Section 11 of the act and concluded that the project's potential effects are being appropriately addressed through existing regulatory processes, including the Mines Act (British Columbia) and the Environmental Management Act (British Columbia). The EAO's final designation report and reasons for decision are publicly available at the EAO's project information centre.
This final designation decision follows the EAO's earlier draft designation report, which reached the same conclusion. West High Yield previously issued a press release on May 28, 2025, welcoming the draft designation report's findings.
"We are pleased that the Environmental Assessment Office respected the opinion of the Osoyoos Indian Band and has allowed the project to proceed," said Chief Clarence Louie of the Osoyoos Indian Band. "We look forward to working with the leadership of West High Yield to ensure this project is of the highest standards in keeping with the traditions and expectations of our people."
"We are extremely pleased with the EAO's final designation decision, which validates the rigorous review our project has already undergone through the mine development review committee process led by the British Columbia Ministry of Mining and Critical Minerals," said the company's president and chief executive officer, Frank Marasco Jr. "This outcome provides the clarity and certainty we need to advance toward final permitting and development of the project. We remain committed to building a sustainable operation that delivers critical minerals for Canada while protecting the environment and creating lasting benefits for local communities and indigenous partners."
The project is a unique Canadian source of critical minerals, with a focus on magnesia and silica products, both recognized as strategic and essential to the clean energy transition and a low-carbon economy. The project has been reviewed by the B.C. mine development review committee with input from provincial agencies, indigenous nations and local governments, and has already advanced to the draft Mines Act (British Columbia) permit stage.
West High Yield remains committed to working in close collaboration with indigenous partners, regulators and stakeholders to ensure the responsible development of the project as it advances toward final permitting.
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 world-class Record Ridge critical mineral (magnesium, silica and nickel) deposit using green processing techniques to minimize waste and carbon dioxide emissions.
The company's Record Ridge critical mineral 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 (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013, in accordance with NI 43-101 and which can be found on the company's profile at SEDAR+.
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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