Mr. Frank Marasco Jr. reports
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
West High Yield (W.H.Y.) Resources Ltd. has closed a single tranche of a conditionally approved non-brokered private placement offering of units.
The closing consisted of the issuance of one million units for gross proceeds of $500,000. The units were issued at a price of 50 cents per unit, with each unit consisting of one common share of the company and one common share purchase warrant. Each warrant, together with 65 cents, entitles the holder thereof to acquire one additional common share for 12 months from the date of the closing.
All securities comprising the units issued on the closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The proceeds from the closing have been and will be used by the company to cover essential operations and for general working capital purposes and expenses.
After completion of the closing, the company confirms that the offering has been completed in full. The company received conditional approval for the offering from the TSX Venture Exchange on Dec. 30, 2025, by way of filing a price reservation form. Final approval of the offering remains subject to approval by the TSX-V, which the company has submitted for as of the date of this news release.
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 Record Ridge critical mineral (magnesium, silica and nickel) deposit using green processing techniques to minimize waste and CO2 (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, which can be found on the company's profile on SEDAR+.
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